> It's a huge mental burden removed when you pay it off

To someone. IDGAF about my 3% mortgage. I'll happily pay that forever.

They should be looking at retirement. OP isn't in good shape at all

> We have no retirement fund. We have a 529 for my son, and will open one for our daughter once she’s born.

You can't afford to pay for anyone's college. Sorry. You have no retirement funds, 10k in high interest debt, and a 40k car loan along with other items in your budget that seem way way too expensive. So I think the answer to your title is yes, very

How far are you from retirement? Why are you investing in a brokerage account before maxing your hsa, 401k and roth?

Apply for a higher limit credit card and this won't be an issue. Your credit is top tier stop worrying about it

You can ask them nicely but they probably aren't going to remove 2 missed payments. That's a pretty big oversight

Live on her income and use yours to pay down the debt.

OP got the money minus taxes, spent it before the payback date in the contract and now doesn't have the money.

> I currently have enough in my savings to cover this entire debt and have a significant amount of money left over.

??? Come on man. Pay off your credit cards.

They become line items in your budget

First of all if you are going to invest stop trying to time the market. You wont win. You wont beat anything. You should be investing in tax advantage accounts every pay period. Second there is nothing wrong with paying down loans since they are 6%ish. You could do both. And third you need to find a higher paying job. 300 hours of OT to "only" make 90k isn't great and to spend 130k on student loans to do is crazy to me

You dont need a financial planner to tell you you should pay off your high interest debt today. Why even bother keeping an emergency fund if you wont use it in the active credit card debt emergency you are in?

First let me state the obvious. You should not, I repeat, not be buying a house with a friend. Not girlfriend, not your buddy not your brother. As far as the house this might not be the end of the world. You seem to make good money. You might be able to fix it and flip it

> What can the kid do?

Adult. Driving illegally. Prepare to be sued

I would be in no rush to pay off 3.25% debt. Use the money to invest

> So even if I do a debt consolidation which would reduce my monthly payment by $600 a month and stoping the monthly investment, it still won’t be enough?

It's enough if you make it enough. The danger is you pay off the cards with the loan then immediately run up the cards again because you find out you still can't afford to live. It will take a true, dedicated effort to get out of this and not end up in worse shape.

> accredited debt relief?

This means next to nothing. They are just going to let your debts default then charge you for doing it. You can do that for free.

> Total household income varies between $2,400-$3,000 a month

Not even close to being enough. Why is that total? Is there somewhere else making money? You are in bankruptcy territory.

because that's not affordable on your income. standard advice is 3x your salary

drop 6k in the Roth for this year and 6k for next year. then save the rest as an emergency fund

you pay down the negative equity and then sell it. what is the interest rate?

> I tried calling and sent multiple letters to the utility company telling them that I was not living there during that time period and attached a copy of the lease for the place I was staying during that time

that's doesn't matter if your name was on the utility bill. sorry.

> So basically the tenants that were living in the house the year after I moved out had racked up a massive utility bill in my name.

you should have taken your name off the bill when you moved out. if they are in your name they are your responsibility

that doesn't adress how you are going to afford spring 1/3 your income on the plane alone