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[quote=Anonymous]I'm against doing anything too drastic, such as selling your house.  First, selling itself is expensive, second, buying in a bad area, or far away, could increase your other expenses, such as commute or private school in the future.  Your income should be enough to support a child.  Even if your mortgage is 1/3 of your take home, there should be money left over at the end of the month.  Your task right now should be to find where the discretionary dollars are going and see if you can re-direct them.  Get a spreadsheet and track your expenses for a few months.  See if you spend too much on utilities, insulate your house if that's the case. Do you spend too much on gas? If so, trade your car in for a more efficient car, car-pool, or use public transport. Groceries, lunches at work and eating out could be a huge money pit - start cooking.  Entertainment could cost a fortune unless you specifically seek out free activities. Haircuts, pedicures, clothes, trips, insurance you don't need (such as full coverage on an old car), dry cleaning - add it all together, and I'd be surprised if you couldn't come up with $1500/month or so. [/quote]

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