they also spend WAY too much on housing relative to their income.
Anyone with even remotely decent credit can get a 30 year mortgate for between 4-5% right now.
They are paying $2,000 a month on their mortgage... which means they are living in a $400,000 home while only earning $15,000 !
And why do the have two car payments? HIGH ones at that! They could go buy used cars outright for what they pay in payments every 6 months to a year.
If they live in CA or some other high cost of living area, $400K mortgage is a very middle income neighborhood.
Thwir housing is actually reasonable considering their jobs probably keep them in an expensive area. Everything else is too high. They should cut their food budget in half and their entertainment budget is ridiculous.
“hich means they are living in a $400,000 home while only earning $15,000 !”
That would be $180,000 per year. They make roughly $15,000 per month.
Please disregard my previousl post.
“they also spend WAY too much on housing relative to their income.”
Yes, I wonder why they have a mortgage that high. Maybe the house is a real mansion?