Metro Detroit family shares their struggle with living paycheck to paycheck

DEARBORN, Mich. – With greater than 60% of Individuals residing paycheck to paycheck, it’s possible that somebody you realize — if not your self — resides this manner; trapped in a irritating cycle of attempting to make ends meet.

In an effort to assist our viewers break the cycle of paycheck to paycheck residing, we reached out to WDIV Insiders to study extra about your particular person conditions and challenges.

Native 4′s cash professional Rod Meloni sat down with Jason and Trish Keith, two dad and mom from Dearborn, to listen to extra about their monetary scenario and planning, and to see if any enhancements could possibly be made.

Learn: Detroit girl hopes to interrupt cycle of residing paycheck to paycheck, appears to be like towards subsequent chapter

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The Keiths, together with their two daughters, make up the normal household of 4. Each Jason and Trish Keith work full time: Trish Keith is a Catholic college English instructor, and Jason Keith is a machinist. Between the dad and mom, they make a very good residing.

The women attend Catholic college at a decreased fee due to Trish Keith’s job, the household owns a house with a mortgage, leases a automobile, has a handful of bank cards, cell telephones — they usually reside paycheck to paycheck.

As their debt piles up, although, it’s actually beginning to put on on the household.

Watch the household’s story within the video report above, and see what adjustments they’re making to their funds.

Are you residing paycheck to paycheck? We’re breaking down steps you’ll be able to take to interrupt that cycle and get off the hamster wheel. Learn extra right here.

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Listed here are some hyperlinks that may provide help to discover ways to get monetary savings: