<prompt> Human: Ok guys, I need some advice! Here is my situation: 2 Credit cards:750.00 balance0.00 balance1 vehicle loan19,900 balance Upside down by about 3k4 student loansTotaling about 30,000 Deferred for now.---Ok, looking to get a place to stay apartment or house plus plan a wedding and honeymoon by March. I have 5,000 in savings for the wedding and honeymoon or down payment on a houseapt. The parents from both sides are not able to help with anything.I have 7,000 in 401k from the past 5 years of working. I make about 26,000 a year. My soon to be wife works part time making about 12,000 a year. ---My question: Should I pay 3,000 down on my car and trade it in for a much less expensive car and take out another loan 7-8k and save money for down paymentwedding? I feel like Im drowning in debt and cant afford anything. : Edit:The 5,000 is the savings I have at the moment. It is not geared toward any specific item. I am currently saving a few hundred a month for my wedding.  <response>: Nothing about your financial situation indicates to me that you can afford a 5000 wedding honeymoon. In my opinion, that 5k, since its basically your only savings, needs to be your emergency fund andor your seed money to get your new family-to-be on its feet. Your income is also very low, as is your wifes. Are you working in your degrees field? What are your prospects for increasing your income? How about your fiancee? 