4 years ago, Cait Flanders was startled to learn that her sister was saving 20 percent of her income as a full-time college student. Flanders, however, was fortunate if she was putting away 5 percent of her salary each month.
"All of a sudden the wheels started turning," she told reporters. "I'm like, why have I been telling myself I can spend 95 percent of my income? Could I live on less than that?"
Cait, who was 28 at the time, had recently completed paying off almost $30,000 of debt, which left her feeling burned out and spending cash aimlessly once she was free from debt payments.
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