<prompt> Human: Hi folks my title was too vague so my post go kicked... I am in need of some advice. We have hit some financial trouble and my wife said that this would be where to ask for help. So here it goes:I make slightly above 50k a year and my wife works part time about 20 hours a week. We bought a house 2 years ago and in November, I had purchased her a car for her birthday. It was replacing our unreliable, smaller vehicle to better accommodate our 2 kidsgas mileage. The car payments were above what I wanted to pay but we were managing well enough maybe one tight week a month. I like to get my taxes done early and had planned on paying off or at least almost off my credit card, which was a starter capital one card from over 10 years ago with, of course, a bad rate. This is where problems started:Taxes were filed and we were waiting on our money and I get a letter in the mail stating that our escrow had been miscalculated and that our mortgage payments were going to go from 700 to 1300 a month... I called the bank and they were no help so ended up spending my tax money that I was originally going to use to pay down my debt to pay off the escrow shortage and even then my mortgage was still 900 a month.Now I have a high credit card payment Ive been expecting to eliminate, a new car payment that would have been manageable sans card payment, and my mortgage is higher.We were struggling for a few months late payments and partial payments and all that jazz. We started to tighten belts by changing to a different cable company with a lower rate, meal planning, changing insurance, selling any extra things, etc. We ended up letting our bigger monthly bills specifically car and mortgage go late in order to focus on paying off the smaller bills to no avail.Things were still tight but there was a small glimpse of light with a possible promotion on the horizon.I got the promotion but now Im driving twice as far paying twice as much in gas also I went from being hourly to salary; completely negating my overtime pay which was helping us stay afloat. The positive is that my quarterly bonuses are bigger, however my weekly take home is 100 less. All-in-all Im out about 500-600 a month... I cant ask to step down because:1. Its doubtful that I would get the same pay as before.2. It would be career suicide to step down as I fought tooth and nail to get this promotion and would probably not be considered for advancement again.3. I actually like my position and even my location.So this week both myself and my wife received letters stating our breach of contract with the car and the mortgage. I have not called the bank for the car but I have called the mortgage bank and will be filing for hardship.I was thinking of asking for a second mortgage to pay off the other debts car, credit card, etc. in hopes that it would get me a smaller payment vs. the total of all the other payments and give me a single debtor.I have started using mint and it has helped a bit.Ok so household take home is 650 a week and a quarterly bonus of about 3k not sure exact amount as im new to the position but estimated net of 2500 i guess.Current bills and schedule:Week 1- credit card 1 min 150- credit card 2 min 90- Cell 200- car insurance 190Week 2- store card min 50- Store card min 30Week 3- electric 160- Car 550 currently behind 1 monthWeek 4- cable 110- Mortgage 900 currently behind 2 months- Utilities once every 3 months was 50 but just got voted to be increased to 175Also 60 a week in fueltl;dr- over extended budget with anticipation of paying down debts, got a promotion with less pay, and my expenditures and debts got higher. Help!Do you have any advice on my options? Thoughts about the second mortgage?  <response>: Cancel cable. You can borrow booksmovies for free at the library.Cancel cell phones. They are a luxury you cannot afford.Sell car or let it get repod. Make mortgage payments so house doesnt get taken away. Ignore credit cards and store cards if you need to. House payments are first. Dont get behind. Everything else is secondary. All luxuries are cancelled til you get on top of things. 