Reported about 1 year ago
MarketWatch shares the story of an individual with $68,000 in credit card debt and $50,000 in a 401(k) while earning a $55,000 salary. With limited income potential and caregiving responsibilities for a parent, they are struggling to make ends meet. The advice given includes paying off credit card debt, creating a budget, and understanding the underlying reasons for financial challenges, emphasizing the importance of addressing the emotional aspects of financial decisions.
Source: YAHOO