DAVE SAYS: Don’t Lose Your Momentum!
Dear Dave,
My husband and I are making great progress in paying off almost $100,000 in debt from student loans and a car loan using your debt snowball system. Our current combined income is $90,000 a year. He makes $45,000 as a teacher, and I make $45,000 as a retail assistant manager. My husband would like to go back to school and get his master’s degree. We’ve talked about him quitting his teaching job in order to do this full-time.
He’ll be able to make significantly more money with an advanced degree, and he would only be unemployed for two years. Plus, I can pick up extra hours at my job to bring in a little more money. The program will cost us about $2,500 out of pocket per semester for those two years. How do you feel about this?
— Lisa
