<prompt> Human: As the title states, I am about to lose my job. I need a plan of action and I am not sure where to start.Here are the stats:IncomeAssets:Current Annual Salary 102K, with 30k annual bonusHusbands Current Annual Salary 75KMy 401k current balance: 235KHusbands 401k current balance: 78K with an additional loan IAO 34KHusbands IRA Current balance:17KCurrent Cash Savings: 3500Current Equity in home: 91,539 LiabilitiesDebt:Monthly Mortgage including property taxes ins.:2,761Monthly Car payment: 717Monthly bills:Utilities:231Phones:80Daycare: 1,700 obviously this would stop, since I would be home to care for our kidSince we have so little in cash savings, I am not sure where to drain from first to cover monthly expenses, once my income stops. Do we live off credit cards, take cash out of my 401k and pay the associated penalties, use my husbands IRA, try to get a home equity loan, or sell the house but this could take months? Also, do I allocate funds to pay my mortgage first or other bills first utilities, car payment?Please help, my husband looks to me as the one in control of the budget in the family, but I am at a loss on where to start very scared.  <response>: You might have incorrectly formatted line breaks. To create a line break, either put two spaces at the end of the line or put an extra blank line in-between lines. See Reddits page on commenting for more information.I have attempted to automatically reformat your text with fixed line breaks.--- As the title states, I am about to lose my job. I need a plan of action and I am not sure where to start. Here are the stats: IncomeAssets: Current Annual Salary 102K, with 30k annual bonus Husbands Current Annual Salary 75K My 401k current balance: 235K Husbands 401k current balance: 78K with an additional loan IAO 34K Husbands IRA Current balance:17K Current Cash Savings: 3500 Current Equity in home: 91,539 LiabilitiesDebt: Monthly Mortgage including property taxes ins.:2,761 Monthly Car payment: 717 Monthly bills: Utilities:231 Phones:80 Daycare: 1,700 obviously this would stop, since I would be home to care for our kid Since we have so little in cash savings, I am not sure where to drain from first to cover monthly expenses, once my income stops. Do we live off credit cards, take cash out of my 401k and pay the associated penalties, use my husbands IRA, try to get a home equity loan, or sell the house but this could take months? Also, do I allocate funds to pay my mortgage first or other bills first utilities, car payment? Please help, my husband looks to me as the one in control of the budget in the family, but I am at a loss on where to start very scared. ---I am a bot. Contact pentium4borg with any feedback. 