There are many books at the local bookstore, which contain budget forms to guide you through this daunting process of putting the financial pieces back together for you and your family. When this information is quantified so that you can see the big picture then a strategy can be laid out to turn this predicament around. If necessary, depending on the severity of the shortfall, each credit card company can be contacted immediately and work out a repayment plan at a reduced monthly payment. Other items in the stack need to be dealt with similarly to get an accommodation for repayment. Cards need to be cut up and perhaps settling on using a debit card only. Ways to increase income including a part time job need to be considered right away. If you have been getting an income tax refund every year, adjust your W-4 for exemptions immediately and get more cash flow now. Once you decide to dig out and turn this around, there are really only three options. (1) Make more money. (2) Reduce expenditures. (3) Do Both. This situation can be turned around in a few years. A budget with a planned savings program has to be primary then start paying off the mortgage early and save even more cash. You can win this game.

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