Reply to Earning Well but Drowning in Debt...how to dig out?

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[quote=Anonymous]^pp I feel like your advice is good but would be better for someone who is unable to save vs someone who is in massive debt.

It seems like the op is spending too much because of certain choices she's made around her number of children, house, commute and childrens' activities.  Until she makes some big changes she's going to have a hard time not ordering convenient food.

Her biggest outflows are related to her home, childcare and two cars.  Something has to give because she needs to almost free up an entire salary to go towards the debt.  She needs at least 50k a year going to the debt.  That's not going to happen by quitting some activities and cooking at home.  It's going to happen by moving to an inexpensive apartment, selling a car, changing the childcare situation, etc.

Regardless op needs to do the math.  It all comes down to inflow vs outflow.  The numbers don't lie.  Do the math op.  Figure out how you can dedicate 5-6k a month towards the debt and to savings.  [/quote]

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