As a couple tries to get out from under debt, a financial adviser weighs in

wsj

3 min read . Updated: 26 Nov 2022, 06:19 PM IST Lisa Ward, The Wall Street Journal

Anna Garcia and Luis Cardenas (pictured with their two children) need to eventually build up an emergency savings fund, says one adviser. (Susan Mendoza) — Anna Garcia and Luis Cardenas (pictured with their two children) need to eventually build up an emergency savings fund, says one adviser. (Susan Mendoza)

Recommendations include cutting spending and refinancing their debt

Anna Garcia and Luis Cardenas are married and raising two children in Bay Town, Texas. After several tough years, the couple is trying to get on more solid financial footing so they can pay off debt and rebuild their savings.