Only 32% of Americans maintain a household budget.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, “This person began to build and wasn’t able to finish.” -Luke 14:28-30 (New International Version)
“A debt problem is, at its core, a budgeting problem.” -Natalie Pace
The wise man saves for the future, but the foolish man spends whatever he gets. -Proverbs 21:20 (Living Bible)
Student debt is a major, major problem today. There are 44.7 million Americans that have student loan debt. The average amount that people have in student loans is $32,731 with an average monthly payment of $393.