This is really confusing.
Isn't your wife's paycheck part of your incoming/outgoing money?
It would really be helpful if you listed all your expenses (bills), and how much you owe, and the interest rates associated with any credit cards, HELOC, etc..not just how much you pay each month.
Sorry. Here it goes again with more detail: (all figures are monthly)Income
My salary: 1860 I also get a car allowance that varies depending on mileage per month. As of 2 weeks ago, I have a company card on which I can put work expenses.
Wife's salary: 1950 (just received a 5% raise, but haven't received a paycheck from that raise yet) We have life insurance and cell phones deducted through work from her paycheck.Bills
Mortgage: $1427; Int rate 6.25%; balance $179,470
Comcast (cable & internet): $52
Power: $286 (last month; usually ~150 in cooler months (we live in MS))
Car Ins: 125
Child Support: 408
Bank service fee: 9
PRA (overdraft loan): 15.63 (don't know balance or interest rate)
wife car: $277 (don't know interest rate or balance)
my car: $241; interest rate 5.89; bal 13,977
Home Equity Loan: $300; interest rate 9.25; balance 34,625
Pay Pal Credit: $36; int rate 24.75; balance 439
USAA Credit Card: $125; int rate 8.9%; balance 7366
Chase Credit Card: $225; int. rate 11.9%; balance 10,798
Lane Bryant: $10; int rate 22.8; bal 173New Development
I have contacted a credit counseling service that can negotiate lower rates for three of the credit cards: Chase would be lowered to 7%; Paypal to 10% and Lane Bryant to 10%. That would make the payment on those three $288, which is $7 more a month than right now, but the payoff would be in a little over 4 years. Their negotiated rate with USAA is higher than what I am paying now.