<prompt> Human: Im still trying to wrap my head around whats happening, but from what I know now...we have been living above our means for two years, husband made up the difference using credit. I found out because I checked my credit score, which was still good 730, but the report said that I had 3 credit cards maxed out I didnt know we had 3 credit cards. The details about how it all went to hell arent important, this isnt a post to rant about that, we just desperately need advice. Details:-we owe a little over 50,000, it was on credit cards, but husband took out two 25k personal loans to consolidate the debt.14 interest-we own my car and his motorcycle, but owe 6,000 on his truck-we have 30,000 in school loans low interest...should I try to defer payments somehow?- I make between 55-60k a year, he makes 53k-we have 10,000 in an easily accessible savings account, and 15,000 in a high risk savings bond can be accessed- we are currently working on a tight budget, and he will be selling his motorcycle, pool table, foosball table etc. My questions...do we use all our savings to pay off one of the loans? Are there any ways to better consolidate the debt? Should I take over the money or try to work together and trust him to not hide anything else from me?Edit: thank you for many of your helpful responses, my husband is a wonderful, loving man who was in denial and ashamed, we have been in marital counseling for over a year which was actually a huge part of the debt because of our individual traumatic family histories. We are absolutely crazy for each other and I have already forgiven him.The money was spent on counseling, fun activitiestrips, DIY projectstwo bathrooms and the kitchen and on our cat and dog one had cancer, the other kidney disease. I will be looking into cashing out our savings bonds, we paid to put the money in,not to take it out. And paying down our highest interest loan. Any additional advice is still welcome and appreciated, but please dont make my husband out to be a villain, he was foolish, and I was blind, we all make mistakes. Additional information...Im four months pregnant. Any advice for inexpensive ways to set up for a newborn are welcome! Second editUPDATE: I got all the passwords and did a a review of all our accounts and the credit cards he opened. We are in far worse shape than he saidknew our counselor is asking him to attend some meetings on addiction to spending we are 58,000 in debt, and only have 18,000 in savings. He took out two personal loans to consolidate, one at 14 and the other at 21 interest. Much more money was spent on small purchases for his hobbies than I was aware. Im considering aborting the baby, I dont know how to manage our finances on my own, make sure he is getting help and not more debt, and raising a child. Im very lost right now.  <response>: My questions...do we use all our savings to pay off one of the loans? Are there any ways to better consolidate the debt? Should I take over the money or try to work together and trust him to not hide anything else from me?Theres no way to answer those questions without knowing why it happened in the first place. If your husband is a gambler theres one way to handle it or if he got hit with a 50K medical bill thats another entirely.But basic advice, leave the 10K for emergencies, take the 15K and start paying off the higher interest loans first. Mentally it may feel better to pay off one 25K loan then start another so you see progress or you can just pay them off equally, itll just take twice as long.The good news is you make a good living and should be able to get it taken care of if you tighten the belt and work hard at it. Your biggest issue honestly is going to be overcoming the trust issue, so make sure to sit down with your husband to fully understand why this happened and what to do to prevent it in the future. Id consider asking him to get a second job even if its delivering pizzas to help pay this debt down quicker. 