Military Mom, 40, Works 3 Jobs Making $102K But Stuck in $112K Debt

The $740 monthly car payment is the single most important number in her budget. That car payment alone consumes $740 every month going toward a depreciating asset she may owe more on than it is worth. Eliminating it does not just free up cash flow. It removes a fixed obligation that compounds her vulnerability every month she stays in debt.Most Americans drastically underestimate how much they need to retire and overestimate how prepared they are. But data shows that people with one habit have more than dou ...