<prompt> Human: Hi guys,Throwaway account, obviously, because a lot of my friends are on Reddit and my mom does not want this to be a public affair.Either way, she is about to lose her job. She is trying very hard to get out of debt, but it is time to take things a step further. I went over her financials with her, but Im not an expert in these sorts of matters. Im hoping you guys will be able us make some solid decisions. She is single and we dont really have any family to lean on, either.Ive prepared an excel sheet with more in depth details, but here are the basics:My mom brings in 4,600 per month and her expenses are 4,150 per month, not including credit card payments. She has about 40,000 in credit card debt in large part due to my grandfathers funeral and related expenses. She pays about 650 as a minimum payment per month on credit cards, give or take. She has 15,000 in savings and another 10,000 in an IRA. However, as I mentioned before, she is being laid off from her work. This is partly why Im so uncertain as to what she should do; we arent certain how much she will be making per month. Her two largest credit card bills are 18,000, which has no interest until October, and 8,000, which has no interest until next month.She owes 262,000 on the mortgage at 4.875 and 110,000 on the second at 4.750. She owes about 3500 on a car at about 6. The car is necessary.My suggestion was to keep the 15,000 in savings as the emergency fund and withdraw the money from the IRA to pay off the 8,000 credit card that is due. We talked about a few of the obvious money-saving techniques already, such as getting rid of our home phone, the gardener, and the gym she doesnt use too often. Living much more frugally, now that she is really aware of the situation, is a top priority of hers. She wants to bet debt-free at least, from credit cards and the car, not necessarily the mortgage by June 1st of next year. A big goal, but Im hoping she can achieve it.The tricky part, obviously, is that she is being laid off. Her job is a specific and sought after skill, so I am assuming perhaps wrongly that she will be making about the same amount money as she was before. With that said, based off of the current numbers that Ive provided, can anyone help us lay out a decent plan of attack?Here are her financials:If Ive forgotten a lot of things, please let me know. Im feeling a bit overwhelmed for her. I have student loans of my own to look into getting, so whatever advice you can offer is greatly appreciated. Thanks so much.  <response>: How many people live at your moms house? Some of these bills, like others are saying, are extremely high. Food, phone, groceries, water, electricity, others can be eliminated - home phone, gym, gardenerObviously first and foremost she needs to find a new job and cut down on spending. As for taking out of the IRA, i would go against that and use the savings as there is no point in taking the tax hit when she has the funds right there. Currently she isnt in position to drop a large sum of money to clear a debt as she has no source of income. Depending on how quickly she gets a new job getting all the credit card debt cleared by next year is going to be quite a challenge and she will drastically need to change her lifestyle to accomplish it. 