Spending On Frivalous Luxuries Is Not The Reason For Household Budget Problems

Many people believe that we spend too much on unessential luxuries like lattes and that our budgets would be fine if we cut back on foolish spending.  This article tells us why that is not our problem.  Our spending on essentials like healthcare insurance premiums, rent/mortgage payments, education and day care expenses is the problem.  Those items consume most of our budgets and the prices for those necessities have been rising.  For example, our daughter just had her first child.  In order for her to maintain he job as a teacher she needed $2,000 per month for day care.  Many families are faced with the problem of giving up one of the jobs or paying for daycare.