Is my pride getting in the way?

[snshijuptr]

I really see two options:

1) Cut everything you can for the next few years until the kids are out of daycare. No more smartphones, soccer, eating out. Plus couponing, selling things (my sister makes $$ selling her kids clothes online), and secondary income. Get less expensive childcare or change work schedules to care for kids.
2) Sell the house and cut your home payment.

I would first look into your local realty market to see if selling your house is even a viable option. It may not be. At that point you know that you need to start trimming everything from your budget.
1) Look into cheaper childcare
2) Call your cell phone company and see how much they can downgrade your policy based on your usage. Also drop the smart phones.
3) Cut out soccer after the season ends.
4) Do an energy audit before it gets cold. Check out services of your utility company or Saving Electricity: How to Save Electricity
5) $30 for cable isn't too bad, but could you hook your computer up to your TV and use hulu & netflix instead
6) Start clipping coupons to reduce your food budget. Check out Lazy Couponing – Introduction: How to Coupon for the Rest of Us - Grocery Coupon Guide

[mcfroggin]

Agree with other posters. Expenses have not been cut enough. You are living with luxuries still. Forget going bankrupt. Learn to live on a budget and establish a personal finance plan.

[cschin4]

I am all about downsizing. Downsizing has drastically relaxed and improved my life. I would see the home and then rent for awhile while looking for a much less expensive home. Then, i would deal with that and get settled and pay down and off that debt while eating ramen noodles. It can be done. And, with your level of income, you could do this in short order.

[DebbieL]

I would never pay off debt while "eating Ramen noodles". Healthy food is a top priority to me. What good does paying off debt while potentially wrecking your health do? Moderation is key in everything, including debt repayment (in other words, don't live off Ramen noodles). Cook at home, don't waste money in restaurants, but do eat sensibly.

OP has a lot of fat they could trim from their current budget, but it doesn't sound like they are willing to do so. I have no debt, and most months I don't spend anything in restaurants. I could easily afford to, but I just don't. For OP, the idea of spending less than the $250 a month in restaurants is a sacrifice.