Core Insights - A couple is facing over $120,000 in debt, primarily due to credit card debt, and is seeking advice on managing their financial situation [1][2]. Debt Management Strategies - The couple has $30,000 in credit card debt, incurring approximately $500 per month in interest, with suggestions to prioritize paying off the highest interest debt first [3]. - They have a debt consolidation loan with a monthly payment of $768 at a 9% interest rate, with a remaining balance of $7,400, which is expected to be paid off soon [4]. - Additionally, there is a $5,300 personal loan requiring $150 monthly payments, though the loan term details are unspecified [4]. Expense Reduction Suggestions - The couple's significant expense includes a $55,000 SUV with monthly payments of $1,044, which some commenters suggested selling to reduce financial strain [6]. - Alternatives such as a new Hyundai Santa Fe or Honda Pilot, priced at approximately $36,000 and $41,000 respectively, were recommended as more affordable options [7]. - Selling the SUV could lead to savings in insurance and maintenance costs, further alleviating their budget constraints [7].