Need Financial Advice....Expenses > Income

[Bill Drutz]

Need some help.Please help me decide on next steps.

Current Bills= $10,300 month

Mortgage - $2,600 month, already discounted.

Credit Cards –$1,030 month………..$150mo @ $7k, $55mo @ $2k, $27mo @ $1k, $35mo @ $3k, $40mo @ $4k,$25mo @ $1k, $47mo @ $1k, $67mo @ $2k, $25mo @ $1k, $25mo @ $1k, $45mo @ $1k, $80mo @ $4k, $25mo @ $1k, $80mo @ $2k, $102 @ $4k, $110mo @ $4k, $90mo @ $2k.

Loans - $470mo @ $10k, $591mo @ $15k, $270mo @$3k, $650mo @$30K (not in my name),

Kid’s School -$900 month

School Loans - $785 month

Cell phones - $200 month

Personal loan to Dad - $1,000 month, $28k left.

Cars - $730 @ $31k, $330 @ $17k

Car insurance - $150 month

Cable/Internet/Gas/Electric/Water - $500 month

INCOME = $7,300 month

Both at 600 credit scores.We spend $10,300 per month above,we have FT jobs and drive Lyft make bring in $7,300 month. I am $3k upside down a month.Don’t know what to do, please help.

Do I stop paying on the loans? I can’t get any more credit/loans approved to get 0%, etc.

Want to sell the car and downgrade with the payment of $730 per month but I owe $7k more than what the car is worth. Can’t stop paying personal loan to Dad since he depends on the $1k per month.

Please help!