<prompt> Human: Credit Cards are great! Making 12.00 an hour, I couldnt afford an Xbox or laptop, but I can get one for 50 a month! Fast Forward 10 years and Im married with 2 kids in daycare, I have a mortgage, 15k in credit cards and 2 car notes42k total. I have a great job at 110k a year in rural Michigan low cost of living. I for 2 years have barely made all of my bills and am getting no where on cc balances. My previous bad decisions were haunting us. My wife and I decided to flip our life upside down. We put our house up for sale, sold it in 8 days for a 15k profit. We are staying at my parents house for 24 months to save cash fast. There we can realistically spend 4500 a month paying off debt. First the credit cards then the car notes. We will erase all debt within 12 months. I say my world changes tomorrow because it does. This is the last night in this house. I move tomorrow. I am heading for debt freedom at light speed. Never again will I finance anything. Possibly a cheap car but no more 40k trucks. Thank you for reading. Feel free to ask questions.Assistant: Be sure to take a stroll by Mr. Money Mustache. You are taking the first steps on a big journey.My two cents... Why pay off the 42k cars completely? Are they that far under water? If not, sell them and buy cheap cars. No sense in dumping all that money into depreciating assets.Human: 2 vehicles. 900 a month total. Car, owed12 worth 8. Payment 300, Not really worth selling. Truck, owe 30 worth 30. Payment 600, we need a family vehicle and the ability to tow trailers. We may not pay off completely but at least payoff 10k and refinance to bring the payment down closer to 300.  <response>: Truck, owe 30 worth 30. Payment 600, we need a family vehicle and the ability to tow trailersThis is exactly the mentality you need to get out of to correct the ship. There are far cheaper options that fit your needs. Also, refinancing and reducing payments is a great short term solution to free up money for the higher interest loans, but it doesnt really help you get out of debt in the long term. Taking your debt obligation down from 30k to a much more manageable 10k would be drastic I would even recommend getting something closer to 5K but I know with trucks its sometimes harder to find a decent vehicle for cheap because they hold their value more. Just my two cents, but the vehicle is usually the first place to start the journey of financial freedom. 