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

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[quote=Anonymous][quote=Anonymous]OP--
Are you still reading these? I think you got caught in a trap of thinking you were going to get caught up at some point but kept spending and spending. I'm not going to fault you on having 3 children at all, but I don't think you prepared well for your maternity leaves. But too late now.

I'm most likely going to repeat what other people have said.
Read Michelle Singletary, she can really help you get motivated. Dave Ramsey is good too--- it might be helpful to stick with cash for a while.

Everyone pointed out big changes are necessary, but small changes are needed to! 
1. Pack lunches every day-- read all the tips on budgeting websites
2. Consider moving. It sounds like you are trying to keep up with your neighbors-- Smithsonian camps? Come on, your kids will be just fine with a community center type camp. Or see if you can hire a college student for the summer. I don't think your mortgage is horrible but the lifestyle around you may make it hard for you to make  life changes
3. No vacations for the next few years. Take the time off. You can still do day trips to the beach, and DC has plenty to offer, or go and visit family
4. Be honest with your friends-- I'm guessing you don't want people to know that you are drowning in debt but it will be easier for you to turn down things that are expensive if you just tell your close friends you are concentrating on trying to pay off your student loans and cc debt
5. Since your jobs are secure I would pay off a good chunk of your cc debt with your emergency savings. Then concentrate on paying the rest off with the extra money you can come up with each month
6. No new clothes. I'm sure your closet has more than enough of what you need.
7. I'm not sure if it would be worth it or not to sell one of your cars at this point, but at least look into it
With your earnings you  can get back on track but you and your husband really need a reality check. If you have not already you and your husband both need to get on the same page on what your goals are if you ever want to get out of this mess and make a budget and stick to it. No more excuses

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I wouldn't if I were her. Bashing hwr for having 3 kids? Abhorrent. You people are sick and unhelpful.[/quote]

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