The two worst years of my financial life were 2007 to 2009. Before 2007, our income was low, but our expenses were low, too. We didn’t save much, but we didn’t spend more than we earned, either.
Then we saw our dream house. And we bought it while we still owned our first house. For two years, we had two mortgages. Suddenly, even though our income was slowly increasing, our expenses had skyrocketed. We cut our expenses as much as we could considered credit repair, but you can only cut them so much when you bought a fixer-upper with squirrel holes in the siding, leaking toilets that threatened to fall through the rotten bathroom floors, and desperately needing a new roof.