A San Diego-based married couple earns over £484,000 annually but ends up spending over £24,200 per month. They shell out £9,681 on two mortgages and donates between £6,454 and £8,068 to charities every month. The remaining goes towards essentials and miscellaneous costs. After adding taxes, they hardly save any money despite their hefty paycheques.
Bill called the Dave Ramsey Show for guidance on how to break free from living paycheque to paycheque. Financial expert Dave Ramsey bluntly said that a lack of budgeting affects families regardless of income level.
