This question was submitted to me through the GetOutOfDebt.org site. You can ask a question online here.

Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here.

“Dear Steve,

We are in our 50s. We’d been doing well and racked up some serious debt. Ashamed to say how much but … over 70,000. This includes credit cards and loans. Not including our home. Last month I lost my job and have been looking (yes, looking hard!) but have not found anything as yet.

We have already deferred 2 loan payments back 1 month. Also set the car payment back 1 month. My husband has a good job but there’s about a 1,000 a mo. deficiency (which is a little less than my old paycheck). Not sure what to do. We’ve stopped using the cards. I’ve cut groceries to the bone. What else can we do?

Is there a way to temporarily cut expenses until I have another job? I don’t get unemployment.

Kathe”