<prompt> Human: Background: I left work in 2013 with the arrival of our first child and then second child. We have been living on one income of 36,000 almost 2 years and now my husband has gotten a raise and I am returning to work so total income is increasing to 96,000 per year. We have never earned anywhere close to this much money before. If we throw all of our additional income at debt after additional childcare costs of 22,000year we could be debt-free except our house in a little over 3 years.However, we have been living very frugally and have lots of pent up desires for fun stuff music gear, vacations, telescope, etc. Many of our clothes and socks are worn down and need replacing. Our home will need a paint job2000 for the paint and a new roof within a few years. We have 3000 in credit card debt which will be paid off first, approximately 12,000 in a personal loan1.5 interest, 2200 on a car3.99 interest, 54,000 in student loans9.2 interest, plus a mortgage. I am worried that if we change our lifestyle to fit with our new income, itll take forever to pay everything off. However we cant keep living like we have been, its been too stressful struggling to buy laundry detergent. Where should that balance point be? Also, I would like to start setting aside money for retirement and for college savings for our kids, should we wait until weve paid off all our debts before we start doing this? What are some things I should be considering? Is paying extra on a 30-year mortgage so that it effectively becomes a 15-year mortgage worthwhile?  <response>: You want to do something in between! Have enough fun to keep you motivated, and pay of as much as you can then. As your biggest loan is the one with the highest interest, just pay minimum on each of the smaller ones, and then put what you got towards the student loan. In addition, the house repair and the cloth replacement have do be done at some point. Put a small, but large enough, amount of money towards fun, the same for house repair and replacement of worn out items, and pay of with the rest. If it takes five or six years instead of three, then you are still quite fast out of debt.. 