<prompt> Human: Hello,So here is the skinny. My wife and I just had out first child in June. I am 39 years old and we just went through all of our bills. I feel hopeless at the moment. My wife left her job making 62k a year once we had our child. I make between 80k-100k depending on commissions. I also get 700 in mileage. We also have 10k in savings.Our debt breaks down as follows:Rent - 800Car 1 302Car 2 266Personal Loan 390 5.9 interestPersonal Loan 2 261Car insurance 150Entertainment Netflix, Hulu, etc 45Cell phones 65Groceries 300Gas 200And the biggie, credit cards 17k roughly. Rates vary between 16.9-24.6I am feeling pretty defeated about reckless spending. Not to mention the rift this has caused between my wife and I. Any ideas to help would be incredible. Am I correct in feeling hopeless?Thanks everyone.Edit 1: Since this keeps popping up, Id like to address the vehicle situation. I drive for work, between 1,000-2,000 miles a month. Not to mention that I travel, at times, up to two hours from home. From a safety and security standpoint, it doesnt make sense to get rid of one. My vehicle is in impeccable shape, but its the family car due to the safety and it having four doors. Her car cant be sold for a profit because its in terrible shape. It runs great, but she was in multiple fender benders and never made insurance claims to get the car fixed. So its technically a beater with a car payment.  <response>: No, this isnt hopeless! It just takes some teamwork. Based on the lower end of your salary, you take home about 4500mo? That is what I am going with.Your expenses total 2779 although you are missing some things like what your credit card minimums are as well as other regular expenses like car maintenance, gifts, etc. We can round this up to 3.5k. That leaves you 1k extra to put towards debt payoff. If this math feels very wrong, Id suggest you use Mint or manually comb through your spending to see where the money has been going so that you can redirect it appropriately.Has there been reckless spending, sure. You were making 150k combined and youre making 90k now and have another person to take care of. You have car loans, personal loans and credit card debt - theres definitely some overspending here. But its not insurmountable! Just educate yourself on where the money has been going and redirect it to put it to better use. 