Huh. I thought I'd get more feedback honestly...someone ripping to shreds my debt and income or something like that? A "keep it up, you're on the right track!" Well, I guess I'll just keep talking to myself!
I had written some, but decide not post them. They were along the lines of me making more double what you and your husband make, yet my vehicle is only worth about $2k on a good day.
I also had a cheeky comment about the two ways of increasing cash flow. 1) make more money. 2) spend less. You, as many young people, only focus on the first. An interesting exercise is to calculate up how much you actually need to make to have $1 to spend.
Personally, I find you're in a highly "leveraged" (that's a nice way of saying a huge hole of debt) position. I would personally be very uncomfortable with it and would A) stop procreating and B) go on the Dave Ramsey diet until I had it taken care of. But, others are more comfortable with it - some make it OK, and some don't.
I'd start with your emergency fund. And I wouldn't worry about college for the kiddo's until you get the rest of your crap in order. As you know, there will always be loans for their education, but loans for your retirement and debt repayment are much more difficult to come by.
"If you only have 1 year to live, move to Penn...as it will seem like an eternity."
Good to see you back, I was starting to miss your incisive commentary!