When it comes to finances, people fall into a few different groups.
This first group is what nearly all of us fall into; they know the basics. They know how to balance a checkbook. They have a couple of credit cards that they make payments on. They get their bills paid on time. They might not have a great looking savings account or a diverse portfolio of investments, but it doesn't cripple their day-to-day lives. They get by, but they could do better. Any debt they carry might best be handled by a debt consolidation loan. Like most folks, they have an average credit score.
This is a companion discussion topic for the original entry at https://blog.debtdecimator.com/what-is-extreme-budgeting/