Money Mistakes Young Families Make
Can Handle Little Debt
Most of the times the young couples get trapped in debt in the initial period of their life, is because they can manage a little debt by using most of their income in buying their dream house or the most desired car. They tend to overextend themselves. Young family shouldn't spend 40 percent of their income in paying their debts. Instead consider keeping the buying option on a hold pay your earlier loans and then go your new purchase. Because once trapped in debt it gets harder and harder to crawl out from under that burden.
