Weatherhead's Mary Sasmaz discusses debt management

‘We can’t seem to catch up.’ My wife and I have two kids, $70K in debt and a $200K mortgage. My job slashed OT and now I don’t think I can manage the bills. Help. 

MarketWatch: Mary Sasmaz, assistant professor at Weatherhead School of Management, said high-interest credit card debt should be prioritized, suggesting a HELOC could lower interest—but warns it puts your home at risk. She also noted refinancing could ease monthly payments, though it may increase long-term costs.