Sebring proves that Florida retirement doesn’t require a hefty bank account – just the wisdom to look beyond the brochures to find where $1,200 monthly can still fund the good life, complete with palm ...

GOBankingRates spoke to Oliver M. to see what his monthly budget is like while tackling $25,000 in debt from credit cards and personal loans.

“We allocate our initial funds to our fixed expenses, which include utilities, dining out and grocery budget,” said Harris. Their monthly budget for food is $650, while that for utilities is $600.

A monthly budget can help you stay on top of your finances. Use NewsNation's 50-30-20 calculator figure out how much to spend.