Good news.

After updating my net worth, I visited to Kelly Blue Book online to determine how much our cars are really worth, where I made an excellent discovery. I was assuming our vehicles were worth a combined $9,000, when in reality they're worth $18,000+. Obviously, these changes improved our net worth greatly and makes things seems so much more possible.

I calculated our current credit card balances to see how much we'd need to pay each month to pay everything off in six months. Our minimum monthly payments total up to $270, and on the six month plan they'll be almost $1,000. For a young couple with only $10 in savings, this seems like quite the task. However, our eagerness to reduce credit debt is really pushing us to follow through. My husband started a new job paying $400 more each month, and we're getting the rest of the cash by cutting back on our expenses. It's going to be a challenge, but it's only six months and the feeling of freedom will be well worth any sacrifices we make between now and then.

Even though some of the balances are fairly low ($200), we want to make payments over time so we can improve our credit score by paying more than we owe on time. Once these balances are paid off we can celebrate, then get started paying off the cars.