You forget that you still have income.
Posted on: November 17, 2017 at 18:47:22 CT
Spanky KU
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Let's say I have $100K per year coming in
I have $500K of debt
I have $200K of annual spending
If I lower my income to $90K (because the Obama economy sucked and my company cut back)
and lower my spending to $40K, does my debt:
a) go down,
b) remain the same or
c) go higher?