– How many debts you have, and who they’re with– What the outstanding amount is left to pay on each debt– How much the interest rate is on each debt– What monthly payment you’re making on each debt
Today, housing is by far the biggest expense for US households, and many US households are occupying homes that are much bigger than they need, or in expensive areas that they don’t need to be in.
After housing, the next biggest expense (again by a significant amount) is transportation. For most Americans, this includes car payments, insurance, gas and maintenance.