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

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[quote=Anonymous][quote=Anonymous]Consignment or not-consignment, OP is not going to save a ton of money by buying cheap clothes. [b]She has large amounts of mortgage expenses, car payments, daycare, and CC debt. That's what she needs to chip away at. [/b]

-I'd make a large payment from your emergency fund.
-See if you can get a HELOC from your equity.
-And then pay off your CC and car payments asap.
-Remove all EC activities except the first one's music lessons
-See if a nanny might work out better than daycare/summer camps.

And as for all the discussions about clothes, WHY??? Exercise by running outside or use videos from youtube or the library - for free. No gym membership. Then you will maintain your weight and won't need to buy so many clothes. Adults do not need to replace their clothes very often, not until its falling apart. The younger kids can get hand me downs if they are the same gender as the oldest. Then ask for hand me downs from neighbors/cousins/etc for everything else. You should be buying underwear, socks, and shoes new, that is all, until you are out of this hole. 
[/quote]

Amen.  Consignment shopping and packing lunches are lifestyle changes that will prevent OP from getting into this mess again.  But in order to first get out of this mess she's going to need to make some major changes in order to reduce her largest expenses which are housing, transportation and childcare.  I still can't fathom being a fed and not using the free metro card!  [/quote]

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