The Federal Reserve Bank of New York reported that US credit card debt reached a new record high of $1.21 trillion in the fourth quarter of 2024, with over 7% of balances turning into delinquency.
John and David Auten-Schneider — the hosts of Yahoo Finance's Living Not So Fabulously podcast — sit down with Brad Smith on Wealth to elaborate on four of their budgeting methods — the "no-budget" budget, the 50/30/20, the zero-based budget, and the "pay yourself first" budget — to set aside cash for savings goals while evaluating spending patterns.
For full episodes of Living Not So Fabulously, listen on your favorite podcast platform or watch on our website.
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This post was written by Luke Carberry Mogan.
