Overextended Mortgage: When Downsizing Makes Sense

Tyler and his wife face a mortgage consuming nearly half their income; hosts urge candid spending cuts, consider selling and renting to regain margin, and commit to budgeting tools.

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🤔 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Think you’re good with money? Take our Money in America quiz!⁠⁠⁠⁠

Ken Coleman and George Kamel answer your questions and discuss:

"I owe my brother money after getting scammed from an investment course. Should I file bankruptcy?"
"I'm 53 years-old and have nothing saved for retirement. Should we sell our house and start over?"
"I'm 66 years-old, should I pull from my retirement savings to pay off debt?"
"Can I pay to have my dog cremated even though I am in debt?"
"My husband is wanting to give his daughter part of his 401(k) instead of giving me 100% as the beneficiary"
"Should I pull back my hours a bit and give myself a break?"
"How do I stay motivated when I feel restricted by living on a budget?"
"Should I pile up cash if I'm facing job insecurity?"
"Should I leave a job after less than a year?"

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