<p>"If you never seen a single mom raising kids alone with 50k income, again, it merely means you never seen that, it does not mean this does not happen. I assume you know raising kid is not lesser a financial burden than paying debt. "
-it is much lesser until kid goes to college. Done it. There are garage sales for clothes, can buy bags for literally nothing, no trips to McDonald and stuff like that. Can spend within your means and tell them that you love them no matter if they are dressed in hand me downs. I have done living on much less than $50K / year, which is a very decent living. But I did not have to pay back thousands every months. My own education was practically free, my employers paid for it. We fully paid for our oldest and having the same plan for the younger. If plan does not work, then she will have loans, she knows that. However, looking at life with realistic expectations hopefully will help to reduce frustration, and this is the only goal that is doable. Keep yourself happy no matter what, nothing else works.
I am in complete synch with curmudgeon’s post above. I feel that our family situation is similar and the goals are the same. The plan is the plan. If it gets derailed, we will adjust.</p>