<prompt> Human: Here we go. Throwaway account. I want some outside help. I am one of those who have fallen into grown accustomed to a certain standard of living and I cannot do what needs to be done. I am well aware of what I SHOULD do with my budget, but I cannot go through with it. I am looking for advice, calculations, rationalizations, and help in actually going through with these things. I am 23, just graduated from college, no job offers yet Have a current job but doesnt pay well, wife makes ok money Wife and I had a child young, got into all of this debt to stay afloat and make me getting through college a reality.Debt:CC 1 : 2,000CC 2 : 150CC 3 : 2,200CC 4 : 1,400CC 5 : 1,100CC 6 : 500CC 7 : 1,500CC 8 : 1,000CC 9 : 3,600CC 10 : 4,500Loan 1: 4,500Loan 2: 8,700RZR Loan: 7,600Truck Loan: 20,000Student Loans: 30,000Bills:Rent: 685Day Care: 65Gymnastics:46 TV: 90Car Insurance:50NetFlix: 8Electricity: 100Internet: 53All loans and credit cards add up to about: 900Truck Loan:338RZR Loan: 128Gas: 150Food and basic needs stuff: 300Income:We bring in about 3,300 per monthSince I am a recent graduate I have 6 months before I have to start paying off student loans. That will add about 300month.I know what everyone is going to say: Get rid of TV, the RZR, and the Truck. I have the RZR for sale, I have at least made this first step to get one bill out of the way.I have never missed a payment on anything, I always try to do above minimum, but it seems like the ice is ready to break under me. It could be the pressures of just graduating and now in the desperate job hunt which seems hopeless.So, tips? advice? anyone see a way out? I want to do a debt consolidation on all of the accounts but I already did one for the 8,700 and our credit scores are not the best due to high balances against maximum limits. Is my best option to try and consolidate all of these loans into a lower interest rate? Would anyone loan to me if our credit scores are in the 600 range? We are talking upwards of 20,000 in an unsecure debt consolidation loan, that doesnt really scream good investment to a bank.CCs range from 18 - 25 interest. None of the loans or vehicles go above 10 interest.Just looking for a discussion and advice, maybe some calculations on how I can get out of this hole.Assistant: Brutal honesty time, sorry for the wall of text! Tackling debt boils down to two basic problems; Not enough income and too much debt.Not enough income - I dont want to sound harsh, but why are you only bringing in 3300 a month between the two of you? Sounds like you are both working close to minimum wage or not working full time each. You cant really afford to do that. You at least are college educated didnt mention the wife, which means you need to start looking for a career. If you are already working 40 hours a week, your second part time job needs to be looking for a better job.Too much debt - With the numbers you gave, you are spending 2913 a month. That will decrease once you get rid of your RZR, and as you said we are going to tell you to get rid of your 20k truck. You need a beater to keep your head above water for awhile. But until then, that leaves you with 383 a month, but I doubt you feed and pay for the basics for 3 mouths on 300 a month. Use an app like Mint or mint.com to track your budget to figure out what that actual number is. Besides those things, your numbers arent too ridiculous except for the vehicles. You need to work on those. As for the TV, you should consider cutting the cord Spend the 40 on Hulu, HBO Go and Netflix if you have to have TV, and you should have TV to maintain your sanity!Address those two things by having some honest conversations with your wife and figuring out how to better your finances, and apply for forbearance on your student loans when the time comes to repay them because you simply cant afford the minimums. Cut your credit cards in half and dont think about using them any more.Now that you are being conscious about your financial situation, start living your life with all this in the back of your mind. Come back on the first of every month and figure out how your situation has improved or gotten worse over the month. I know you want to start eliminating your problems ASAP, but its a slow, slow, slow endeavor. If you find that you are going backwards and not forwards, that is when you need to have a serious talk about bankruptcy, but only as a nuclear option.Stay positive!Human: Thank you for this post, this is a great start. You mention bankruptcy: At what point does this come into the picture? As I sit here looking at numbers it looks like at the current rate everything will be paid off in 6 years Minimums and no job changes with no breathing room in those 6 years. Is it reasonable to declare bankruptcy and wipe the slate clean Except for student loans. Do they go after all of your possessions or how does that work? Or is that a discussion for another subreddit?  <response>: Gotta set your goals higher than that. You cant be working the same low pay job in 6 years. Like others mentioned, your second job should be finding a better job. 