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No. of Recommendations: 5
Absolutely everyone I have known who consolidated racked up debt again. Everyone.

With that said, I suggest that you and your partner figure out how to cut costs, get a part-time job, sell stuff on eBay and consignment stores(clothing, CDs, books, household items), etc. to pay off your debt. I agree that an emergency fund is a must.

We have done many things to reduce our spending...

1. Wash in cold, hang your clothes to dry.
2. use half the soap for everything...toothpaste, clothes, dishes, etc.
3. Use vinegar as a cleaner for floors.
4. Get rid of all magazine subscriptions, newspaper, etc.
5. Goodbye cable and cell phone
6. Cook from scratch. You are paying for packaging.
7. Shop from a list that is created from a menu for the week.
8. No new clothes for a year.
9. Make gifts
10. Turn down the heat
11. No extras on the phone (call waiting, voicemail, etc.)
12. Get rid of long distance all together and buy a phone card from Costco or Sams Club (480 minutes for $19.99)
13. No eating out. Take your lunch and coffee/pop.
14. Increase your deductibles on the car and house
15. Carpool, bus, bike, walk.
16. Never pay fees for anything.
17. Buy generic.
18. Evaluate your habits. Wine, smoking, movies, dinners out all cost money.
19. Wash out and reuse baggies.
20. Use cloth rags/napkins instead of papertowels/napkins
21. Reduce your garbage and recycle more
22. Drycleaning is expensive. Try to wear clothes more before cleaning and buy clothes that don't require drycleaning.
23. Liquid fabric softener that is diluted and sprayed on a rag is the same as bounce.
24. If you don't have a low flow toilet, put a capped quart jar filled with water in the tank.
25. Only do full loads of laundry and dishes. Don't use the dry cycle on the dishes.

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