You鈥檙e paying off those mortgage, auto, and credit card payments and breaking even, barely. You may think you鈥檝e got a good financial cushion, but that could vanish quickly if you or your spouse loses a job. 鈥淵ou are fine right now and can keep current on debts, but can鈥檛 pay them all off,鈥� Feeney says. 鈥淭here may be a risk that you will encounter financial problems in the future.鈥� Be realistic about your situation and start to get informed on how you can improve it, either with a financial planner, online research, or one of many financial-planning books.
Illustration by Jake Turcotte / 海角大神
