My husband and I have incurred a huge amount of debt ($44,000) and desperately need assistance with identifying strategies to help us pay it off. We have enough money coming in to pay the bills each month, but we are getting nowhere near paying the debt down.
How can you help us figure out how to pay this debt off within a reasonable amount of time?
OK, we are going to have to take this in stages since I’ll need some additional information from you to best answer this. Just post your answers in the comments on this question and I’ll spot them there and reply.
From what you’ve shared so far I’m not certain what the interest rates or types of debt is.
- Can you please provide me with some additional information on the debt?
- How old are you and your husband now?
- Are your currently able to save money each month to protect yourself in case of a financial emergency.
- Do you think your employment situation is stable?
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.