My household debt is shameful. And no house to bail us out. Counting 401k (in case of emergency) and other retirement cash, we are not near break even in terms of net worth, so we contribute little to the economy. Pay ‘da bills, (overpay on credit cards) and for some of the kids activities and that’s about it. We are in bill paying mode.
In fact I really have no realistic hope of being debt free by the end of 2007. However with GI Bill I can technically get into a house without 20% down though around here the market would have to continue downward to be able to use it. My best estimate is no car payments, and no credit card payments around middle of 2008.
