Family #1 manages to pay off $40,000 in debt in two years on a $35,000 annual income. Family #2 makes $100,000 a year but can’t seem to make the slightest dent in the same amount of debt.
Why is that?
While many factors could be in play here, one of the most likely reasons is the second family has a spending problem. They earn a great income, but they probably overspend, which leaves them with less money and causes a lot of tension around the house. That’s a difficult and stressful way to live. Read More