My thoughts:1) Have you tried to get any of these interest rates reduced? Call, call, and then call again. Bug them as much as you have to; all they can say is no. 2) You do know about the snowball method, right? Attack the highest interest rate first.... etc. 3) Can you sell the car you owe the most on and get by with one car for a while? You said your wife is not working. Maybe make do with 1 car and public transportation and carpool with a coworker for a while? Tell yourself you can do anything for 6 months. It's true! It also may significantly decrease your insurance expense. 4) Is moving to a cheaper apartment an option? That sounds high to me, but I don't know where you live. (Again: "We can tolerate anything for 6 months." Repeat after me). 5). You say you live "normally." Well, what expsnes are there? Anything you can cut back in any categories? How much are you spending on food? clothes? entertainment, etc? Is Internet at home really an necessity? Can you use the library internet for a while? ("I can tolerate anything for 6 months.") Are you locked into that gym membership? Can you sell it? Can you work out at home, or in your apartment complex gym? Take up jogging or lumberjacking for fitness? 6) Are you packing lunch? Eating most meals at home? If not, see how far you can cut back (Remember that 6 month thing). 7) Can you eliminate a trip back to England this year? Perhaps your relatives can come here instead? Bottom line, if you haven't taken a good, hard look at where every cent is going, from lunches eaten out to sodas bought from the machine to car expenses, start doing so immediately. Then sit back and analyze--what can I cut back on so that I can apply that cash to my debt? I use the 6 month rule myself. I look at the calendar and I see that it's already July 15. Where did the last 7 months go???!!! Then I realize how quickly time does pass, and how it's not really that long a time to put up with some cutbacks in my life. 6 months of no internet and carpooling is NOTHING when you calculate what a difference that 6 months of money will make to your bottom line. Good luck, and post your progress!! MMB
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