Whose taking your money?

Over the past two or three years, I have read many varying reports about the financial state of American citizens. The percentages change depending on the demographics at the time. The average seems to fall somewhere around 75% to 80% of America are living paycheck to paycheck. 

The vast majority of Americans today, would have trouble keeping it together if someone in their home became unemployed. I read a report recently stating that most households wouldn’t even be able to scrape together $400 to cover the cost of replacing their tires. We are told over and over to save money and prepare for a rainy day. However, most of America has not taken this advice or have found themselves in situations that prevent this.

For the most part, the problem is in the choices that we make as individuals. What are we spending our money on? Are we budgeting properly to prevent spending past our means? Many of you probably are but then you still find yourselves running out of money at the end of the month.

I read this article a few years ago that Dave Ramsey put together on some of the people in your life who are keeping you in debt. He provides examples of seven different people who may be preventing you from getting away from the paycheck to paycheck lifestyle.

His list is as follows:

Your broke brother-in-law

Your parents

Your adult kids

Your show off friends

Your college professor



The first few on this list were harder to process than the last as they are people who you love and want to help. However, you are helping them at the expense of your own family and an argument could be made that you are not really helping them either.

Check out the full article and see if any of these seven situations apply to you. There might be someone from this group that is helping to keep you in debt. If that is the case, I would encourage you to make some changes for the better.

Hey, comment below and share your thoughts.

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