Quoted:
5 year plan is in place.
With Dave Ramsey's program we can have all our debt - all of it (student loans, credit cards, car payments, home equity and mortgage) paid in full in 69 months. That doesn't include putting tax returns or bonuses from work into it. That's just by paying an additional $400 a month into our debt and snowballing it.
Plenty of time to add some letters after my name, sharpen up the resume, finish preps in case SHTF in the meantime, and get out of NY before the baby goes to preschool.
+1
However please consider two things:
Under the recently enacted Debt ceiling and loss of the Bush tax cuts your payroll taxes HAVE GONE UP so you will be paying more, so forget about a tax refund.
Second, I believe Dave's plans call for reviewing your with holdings: if you're getting money back that you paid in, then they're taking too much out which equates to a free loan to Uncle Sam. A good tax consultant or accountant can help you decide the appropriate amount.
The one thing we have going for us in my area is a strong housing market: there isn't enough on-Post or Military housing, so there's little trouble selling your house unless you're asking stupid money. With all the renovations and remodeling, our home is ~130K which after 20 years is about what we have in it.