Hey there, yes, many are in the same boat. Suzie Orman has a good program on TV (for free) and also has a book out ot help people like yourself.
Basically what she says is this:
You either have to make more or spend less to catch up.
Look at your bills.
Cable: Do you need 1000 channels on the tv? Can you go basic?
Auto loans: You are working part time, why do you have a car payment? Can you sell your car for a used one with no added payments? Can you reduce your insurance by taking a driver defense course online? Can you refinance to a lower interest rate?
Groceries: set aside an amount every month and that's it - no wandering shopping at Walmart.
When you look to buy something think, have I been so inconvenienced without this in the last 6 months? Was my life upside down because I didn't have it? If no-DON'T BUY IT. Squash the I wannas.
Dining out: Huge expense-can you cut down to once a month?
Home items: We love to buy things for the house but once I made the decision-no more house stuff-all of a sudden we had more money to put back. We live humbly but we are still alive.
Student loans: yes, we all have had these. Any way you can do a home business on the web to help pay for the loans? That would be your specific contribution.
Does your hubby take sack lunches? This is where we save the most and my hubby doesn't seem to mind.
Garage sale shop: I know but have you seen what people are selling now a days? Every body needs the money and there are so many nice people out and about on Saturday mornings. Great way to get to know your neighbors.
Coupons: We save at least $20 every two weeks on groceries. Little effort for big reward. Look for a place with DBL coupons, etc. Don;t forget places like Walgreens and CVS-they have great sales and accept coupons when you use their card.
As for your credit cards, if you can't get the interest down you may need help. Hiring a company will hurt your credit but it will help you get a peace of mind in the long run. Choose one to pay all and cut them all up. No more using cards. Scary huh?
Toys: big expense and they tire of them anyway - any way to participate in a toy exchange with your friends and that's free.
You have to get out of that credit cycle. All money goes to cards so when you need something or an emergency, you have no savings to fall back on. That would be my first step, start saving****.
You may have to go back to work but will the cost of daycare balance out?
Biggest thing, more people are divorcing over money than ever before. The news said people aren't even fighting over the kids anymore-just the debt. You have to remember to keep calm and always promote each other, take his worry away while he is at work so he can do a good job. Don't let it hang over your heads while you are at home so he can be happy to see you every night. It will be ok. Respect each other always.
Hugs to you and God bless your growing family, C.
I forgot this one: check out your fridge and water heater temp. Do you need rock hard ice cream? Lowering this can save you money ans well as balancing out your thermostat.