Income = $23,100
Spending = $36,140
New Credit Card Debt = $13,030 (40% of spending is borrowed)
Outstanding Debt = $151,140
Total Budget Cuts = $385
Rick failed to remind us of the off balance sheet debt like Frannie / Freddie, student loans, etc., which go into the tens of thousands of dollars, as well as the unfunded liabilities of about $1,000,000 if using the same “lop off eight digit” math.