The Importance of Tracking Your Spending

"We were just spending money because we could and I think a little of it was we want to get you know what we thought was the most out of life," he says. "At our worst we might have had maybe $10,000 of credit card debt" The couple didn't track their spending but they realized that something may be wrong when his wife suffered a serious car accident in 2013. They are software engineers who made about 50,000 per year after college before retiring this past November.