Paying off $211,936 of debt starting at 27.

UPDATED!!! I am adding a link of my full layout and plan, since I noticed the original plan I posted had was pretty difficult to understand in this format.

Here’s the link to the plan: https://www.canva.com/design/DAGbol4bGAw/vStFjCs1ZlQVjCeZx7CFog/edit?utm_content=DAGbol4bGAw&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton

I just know some of y’all went “DAMN!” at seeing the title, and is very reminiscent of my own reaction when I sat down and looked through it all.

This story is littered with brain dead financial decisions and irresponsibility. I’m not going to go through the horror story of how we got here, because the numbers speak for themselves. However, I will shed light on some major concerns: the Accord has a 23% interest, civic 17%, student loans are capped at 5.5%,

I am 27, my spouse is 27, and we have an 8 year old. I am self-employed, owning a an owner operated cleaning business where I make $3,800/mo, and my husband has a stable W-2 job making $2,400/mo after taxes. He’s also working on getting a certification to obtain a much higher paying career, and I am getting my master’s so that I can begin my higher paying career by 2027. We hope to be making a collective of close to 6 figures after we obtain what we need. But right now that is not our reality and we want to clear our debt so that the life we want and are working so hard for is not shadowed by this financial stress. We envision our daughter having stress free parents, and a secured savings fund for her future as well.

Here we go: (also, please if you have any input on what would make this better, like if we should sell the accord first and then tackle the debt please let me know, we do have a fully paid off third vehicle).

I will note that, I understand the raw and visceral angry reaction our financial failings will cause, but I would like some valid critical input on this debt free plan. We have already beat ourselves up enough, and just want to do better.