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How long does it take to pay off about 2000 dollars for a low income family?

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How long does it take to pay off about 2000 dollars for a low income family?

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  1. It depends what the income of the family is, how much they can set aside to pay off their debt, what the interest rate is on what they owe.

    If they tried to save as much money as they could and paid it all off what they owe, they could pay less interest and pay it off sooner.


  2. Need more specifics.  What's your annual income (saying "low income" is pretty broad)?  What other expenses do you have (rent, phone, utilities, food, gas, car payment etc)?  How much drive do you have to succeed?

    We were making $14k a year, family of four and we scraped by ($20 a week for groceries) to enable ourselves to pay off $12K in debt in 23 months.  

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