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

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[quote=Anonymous]What's the total debt?
200k student loans--how much at what interest rate?
50k credit cards (this seems like the scariest one to me)
30k cars? Or more?

I'd:

Take 35k from savings and pay down the cc
Cut all activities for the younger two. 
Make a list of all family help for summer childcare and also look for a college babysitter. I'm a professional artist and I promise you that not doing music camp won't harm a talented child at all! 
Take a major look at food and incidentals.

I wouldn't move. Moving and selling costs suck and if you buy a bigger place farther out the maintenance costs are a bear.

Own the process. Joke with friends that you are on a "spending freeze. Tell your kids you are doing a meal planing "challenge".

Pay off that CC.

Then learn better spending habits and tough it out on a budget that has you paying off the cars in the next 3-5 years and the student loans in the next 8-10.

Oh, and absolutely konmari you're townhouse. It'll feel so much better and peaceful and bigger if you are just living with items you love.

You CAN do it. People who say you are screwed are being mean and probably driving you away from the help on this thread. You have great incomes and with persistence can dig out of this by the time your kids are in high school. And you'll be teaching them great habits. 
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