No. of Recommendations: 0
2 or more years to get rid of $30K in debt doesn't seem unreasonable at all. You didn't get into the debt overnight, and your husband shouldn't expect to get out of it overnight either.

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Others may disagree, but I think working hard to pay off the $30K without tapping into the equity is the way to go. You'll get a great sense of accomplishment and you'll be less tempted to charge up the cards again. You're more likely to work hard and cut costs to pay off that debt if it's still sitting there than you would be to work hard and save up the $30K for something else.

I'm with OtherVoices. I started my current paydown effort about 3 years ago with close to 26K in debt, and I expect to pay off the last of it very soon. My great debt paydown the last three years has gone well because I managed to finally secure a job that I have been able to keep, after doing my own stint as an only-sometimes-employed IT professional. I could have done it in even less time, but I decided that since my debts were at quite low rates I would save a lot in my 401k and such, and I bought a house along the way. With 2 people who can earn income and prod each other towards LBYM, you should be able to pay the debt down once you gain employment.

The one thing that concerns me is that you still seem to be having difficulty holding a job. Perhaps it is worthwhile to consider moving to an area with a better market for your skills, which might increase the likelihood of you being able to continue making financial progress. I did it, and am enjoying my 2nd promotion in three years.

d
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