Congratulations to her on saving over 16 percent of gross income.
Unless Sean is at ease with that course of action, it's quite an albatross for upwards of two decades.
Every time a fixed-expense item is paid off, reallocate that former payment against another debt. Combined with Mrs. Brown's employment as a nurse in 2002, you will be able to stop the interest clock from ticking forever.
Going into debt is never easy and, in your case, going deeper into debt is a necessary evil.
Get yourselves focused, build a financial base, then go for it.
Welcome to the real world.
Considering the sacrifices both of you are making to obtain Sean's advanced degree, you are to be commended for really living on a shoestring budget.
It's almost too late to sell now.
My initial advice is to hunker down.
Copyright © 2024 Electric Goat Media. All Rights Reserved.