My husband and I do everything we’re supposed to . . . we plan meals meticulously, we shop at Aldi, we have been hunting for Christmas deals all year, we have no car payments or credit cards, we refinanced our house for a better interest rate, we dropped down to one car, and now we are even reorganizing our schedule so we can completely eliminate daycare fees (I am a work-at-home mom.)
But we have one debilitating financial problem that plagues us: $103,000 in student loans!
We had no idea what we were doing when we signed up for college, and we’ll be paying for it for the rest of our lives. We want to do Dave Ramsey’s Total Money Makeover, but we’ll be in the debt snowball phase FOREVER. I’m wondering how we’ll ever keep up the intensity required to pay off all that debt for almost a
MY QUESTION: Is anyone else out there trying to pay off an extraordinary amount of student debt on an ordinary income? Has anyone had success? Encouraging stories would be greatly appreciated!
Note from Crystal: here is an inspirational story about another reader who paid off $170,000 if student loans!
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