Ramit Sethi spoke with a low-income couple and laid out a few steps they can take to curb their credit card debt and actually save for their future.
tight financial positionThey got married 13 years ago and were "dirt poor" at the time. However, they haven't made much progress toward a better financial situation since then, theyon his "I Will Teach You to be Rich" podcast. Their last names were not used.
While clothes and groceries may be necessities, the couple admits a lot of their spending is impulsive. They'll go to Walmart or Target for a few things they need and leave with a cartful of things they just want.leading to the spending problem, and encouraged Elizabeth to work with a therapist. "If you want your money to go somewhere, you need to make it automatic," Sethi said. "Whatever is left, you're going to spend it."
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