<prompt> Human: I live on Long Island, NY and I make 60k a year and my wife makes 50k a year.We are both salary and have no option for overtime. I receive a Christmas bonus of 1 check and since I get paid bi-weekly, I receive 2 extra checks a year, she does not. Any raises in the future will be offsetting the raise in our health insurance premiums. I see our current budget and expenses to stay the way they are for now, hopefully hopefully not!.We are currently renting a home.Due to some recent medical issues that were unexpected, I had to be out of work on FMLA without pay. I did not have an emergency fund and had to ues our credit cards to pay our bills for awhile.I have put together a budget and have been using this for the last several years, but we never followed it. This is our current breakdown of debt: 12.5k in credit cards 4, maxed out - 335 min payment all Personal loan 2.6k 3 - 386 monthly payment Hyundai car loan - 11k - 300 monthly payment Honda car loan - 16.5k - 326 monthly payment 2 401k loans - 8.6k 320 monthly payment Student loan - 4.6k 75 monthly paymentMonthly expenses: Rent - 1950 Grocery - 500 House items - 60 Internet - 40 UsenetNetflix - 23 Oil - 125 Electric - 125 Cell phones - 155 Car insurance - 190 Life insurance - 205 Gas - 320 Sons groceries - 80We have also budgeted for each other to have spending money. We each have money for clothes and other spending money cosmeticshair cutsclothesI get 160, my wife gets 200 and we put aside 50 for our son for clothestoysI have setup automatic savings account with ING and have setup a savings fund for 8 accounts and will contribute around 435 each month to these. Car - 50 - for maintenanceoil changes, etc. Health - 50 - for co-payments Baby - 50 - Anything related to our son Emergency - 75 - Emergency Christmas - 70 - Planned so that when Dec. hits, were not forced to use credit cards. Sons Bday - 35 - Planning for next year for him. Vacation - 45 - Planning for future vacations Puppy - 60 - New puppy. Vet visitsshotsFood With all of that, we have around 100 put aside to put towards extra debt. I have been using a spreadsheet that calculates our debt and have projected that with our current budget and spending.. We will be debt free in 2 years after utilizing a snow ball effect.Were about 57k in debt with our cars and credit card.I have spent a lot of time working on this plan and I need your help to see any flaws. What am I doing wrong? What can I do to improve? I have attached by budget and my projected spending but cannot provide my debt planner since its too big. Where can I upload that?Projected SpendingBudgetDebt pay down planAssistant: I dont think a puppy is a good idea. Pets can be expensive to maintain. Vet bills, food, etc...The life insurance per month is high. See if you can change plans to lower your monthly expenses.Any raises in the future will be offsetting the raise in our health insurance premiums.Are you a contractor? If the employer is telling you youre getting a raise, but its being used to pay off the increased premiums theyre lying to you. The premiums the employer pays should have no affect on your salary.Good luckHuman: We recently got the puppy after my Wife was suggested to do so by a therapist in a way to deal with the loss of our son lost at 5 months due to complications in the pregnancy a few months ago. We are looking into dog insurance through my wifes work. Anyone have advice on dog insurance?Regarding my yearly raises.. I am not a contractor but I know that this next year I will be paying a higher premium for my health insurance since I am going to be breaking the 60k mark. Anything over 60k pays a lot more than under 60k. I figured that my raise will compensate for that. Honestly, Ill have to wait til January to see if my check varies much.  <response>: What is with downvoting this guy? He is here for help, and is answering specific issues. If you dont like his use of a puppy to help his wifes loss, then say so. A downvote doesnt help him fix his situation.That said... a puppy is a 10-12 year commitment that takes time, money, and attention. Using it as a quick fix to bring joy to a family is bad advice in my completely unprofessional opinion. That its also going to drain your stretched budget is another giant red flag. 