 We are a family of six. My wife and I are both turning 45 this year. Income-wise, we make about $400,000 a year before taxes. Wow. Five to 15% bonuses before tax. We're living paycheck to paycheck and cannot seem to get out of this. We're about $1.1 million in debt, including our mortgage. We spend more than $20,000 every month on expenses, leaving close to nothing to put towards extra debt payments other than vacations costing $15,000 to $20,000 a year.