One year ago, Sally and Dan Eggleston, two elementary school teachers from South Bend, Indiana, had a lot to learn about saving money. Together, they made $92,000 a year, but with three children and out-of-control spending habits, they managed to wrack up massive debt.
When financial expert David Bach, author of The Automatic Millionaire
, stepped in, the Egglestons were $115,000 in debt and days away from filing for bankruptcy.
During the first phase of the Debt Diet, Sally said the burden of being in debt was affecting her relationships with her husband, kids, and even her students at school. David set out to ease Sally's stress by pinpointing the family's Latte Factor®
, tackling their credit card debt and reestablishing their savings.