Brought to you by the Every Dollar app. Start budgeting for free today. Our question of the day

today comes from Travis in New Mexico. We are a family of six. My wife and I are both turning 45 this year.

Income wise, we make about $400,000 a year before taxes. Wow. Five to 15% bonuses before tax. We're living paycheck to paycheck and cannot seem to get out of this.

We're about $1.1 million in debt, including our mortgage. We spend more than $20,000 every

month on expenses leaving close to nothing to put towards extra debt payments other than vacations costing

$15,000 to $20,000 a year. It is almost impossible to cut into other budget items. We need help

on a game plan. Yeah, you need a game plan, but the statement, it's almost impossible to

cut into other... To live on $400,000 a year in New Mexico.

Yeah, it sounds like we've got some emotional issues with some poor decisions we've made,

because if you're living paycheck to paycheck on that, spend every month, you're just out of control.

Yeah, there's something really.

I mean, everybody out there that's making $100,000 a year and saving money is laughing at you right now. That's just ridiculous. Okay. So, yes, the vacations need to go away. And yes, you probably have some stupid cars you can't afford. And you may even bought a house you can't afford.

I don't know.

But I don't know what decisions you've made that eats up $400,000 a year,

and you don't seem to think you have any room in that budget.

And don't tell me it's because we have a family of six.

Man, man, man, and bull crap.

Lots of families of six live on 50 and 60

thousand all over america so um sorry i don't have enough information here to give an

intelligent answer that's right but um it i i i don't.

We spend more of the expenses leaving close to nothing.

It's almost impossible to cut into other budget items.

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