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[quote=Anonymous]8:32 had some good advice for you, OP.  I think you should check out a financial guy on the radio named Dave Ramsey whose main advice is that people should get out of debt and stay out of debt.  You are not atypical but it is crazy to have $300K in HHI and be going into credit card debt.  You need to cut down on your expenses.  For me, the most obvious thing is to cut out the car payment and the housekeeper - don't buy that car at the end of your lease and buy a crappy beater for $2K.  You also need to pay down that student loan debt so you have more cash flow every month.  One way to do that is to temporarily stop putting money in your 401k.  I know people will balk at that but in my opinion, you're crazy to save for retirement while going into credit card debt to do it.  Save for retirement in a few years when you get out of this hole.  Absolute number one thing you must is live within your means so you stop racking up more debt.  Then cut your lifestyle and pay down those student loans so you'll have more cash flow every month.  And PPs are right that child care expenses will go down once kids are older.  [/quote]

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