Oct 06, 2008
Early twenty-somethings Michelle and Zack are three month newlyweds, with a modest combined annual income of $64,000. Working in retail, Zack decided to downgrade his job from management to sales - cutting his salary in half - so that he could go back to school. Their consumption did not decrease with these changes in their lives. Michelle feels the burden of their $21,000 debt more as Zack doesn't seem overly concerned about their finances, doesn't check or pay credit card bills, and continually spends more on the big ticket items, often without even consulting her. ...