<prompt> Human: Long story short. My wife and I are seemingly overwhelmed with debt. We are living paycheck-to-paycheck, and a lot of times we dont even make it and end up overdrawn.Before we got to this place we were in a really great place. While in this place we bought cars that were not financially feasible and now that we have looked at our finances we believe these are one of the first things to attack to dig ourselves out.First, an important note is we are a family of four. We have two young 1 and 3 children. We employ a nanny for the baby and a the oldest is in daycare part time. Also, my wife and I work at the same location about 10 minutes from home and 10 minutes from the daycare.These cars make up a large chunk of our monthly expenditures, one of them is about 2500 upside down in value and the other has about 6500 in equity.My thought last night is that we could potentially just trade in the camry 2500 upside down and get a used 2017 Caravan that would lower the car payment by about 100ish per month. Then we could sell my 4Runner and put the 6500 into savings. This would eliminate my car payment which is 630 a month yes i know but only had one kid a the time. So nearly 730 a month. If we could make it to end of summer that would allow us to pay nearly 3-4 of our credit cards completely. Then we could buy my car which would be a used crewcab truck. Still lowering payments by about 2-300.Our fallbackoriginal plan was to trade simply trade in for cheaper cars to lower our payments by the aforementioned amounts per car.The wrench is...i have a pre-approval from my CU for 3.24 60mo which is better than any rate a dealer would get. It expires in about 2 months at which time i may not get approved again. My wife doesnt have the best of credit so that also complicates things.I guess im looking for advice on can a family of two go to one car, if so should i use my pre-approval for the van or should my wife take a shot at getting a loan herself reason i ask this is because if we do go to one car and ive used my CU loan i wont get another low rate loan and my wife wont either.I hope this is clear - feel free to ask any questions to help clear anything up. Sorry for the long post.  <response>: My wife and I are seemingly overwhelmed with debthave a pre-approval from my CU for 3.24 60mo which is better than any rate a dealer would get. I dont think more debt is the solution to too much debt. I only pay cash for simple used cars 4-5 years old. Plenty of people in urban areas raise families with no cars. Two vehicles should be more than enough. If youre 10 minutes from work, buy a bike. 