Which would you rather cut, your monthly housing outlay, or the discretion to eat out, buy a latte or a new shirt once in a while? I would rather live in a modest home and live comfortably day to day. Many are the opposite. They would rather kill themselves over their home and scrimp day to day. The problem is exactly what the article addresses. If they have a disruption in income, they are overcommitted and cannot scrimp any more day to day. If something happens to my income, I can cut back the day to day stuff.
I agree we should be mindful of the small stuff that adds up, but I think it’s the house and car this is killing most people. They struggle over the big decision for a few days, weeks or even months. But once they do it, they just accept that big ol’ monthly nut like it’s a tax on life.
