“No matter how much you earn, getting by is still a struggle for most people these days.  Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder,” states Jessica Dickler in her article from cnbc.com.

You make $1,000 a week you spend $1,000 a week.  Add on an extra $100 a week to that amount, well let’s spend that too.

This is the way most individuals think and live when it comes to their paycheck.  They work hard for their earnings so, believe they deserve to spend every last dime one it’s placed in their account. 

Any other way would be ludicrous, right? 

Wrong. 

This is a very reckless way to live.  You simply aren’t doing yourself any favors by ignoring to make smart financial decisions. 

Just because you are given a certain dollar amount for your paycheck doesn’t mean you have to spend every last cent.  Be conscious of where your money is going.   

Read the following list and see if you are applying any of the following steps when it comes to your paycheck so you can stop living paycheck to paycheck.

Learn To Live Below Your Means

This doesn’t mean you have to live in poverty when you make good money on your job.  It simply means think rationally.

Let’s say you have a household of 3 people.  Then, way do you need an 8 bedroom house with a $3,000 monthly payment?  You don’t. 

Just because you are a doctor or executive doesn’t mean you must drive a Jaguar with a $1500 car note attached.  Unless your income can handle the payment, in this case you should just pay cash.

Living below your means doesn’t imply you are cheap.  It just implies you are being smart with your money.

Allocate your assets better.  Sell that expensive car and put the extra money towards extra investments or to pay off debt.  Set it aside for your own practice or business that you’ve been dreaming about starting one day.

This best selling Amazon book elaborates even more on the subject…How to Stop Living Paycheck to Paycheck (2nd Edition): A proven path to money mastery in only 15 minutes a week! (Simple Personal Finance Books) (Smart Money Blueprint)  by Avery Breyer.  Click on the image below to read more….

Save Your Money Now

Save a portion of your pay to stop living paycheck to paycheck. 

Put a part of your pay towards your savings.  If you don’t already have a savings account then open one.  Contribute 10% of your pay into this account each pay period or what is reasonable to you. 

Just don’t tell yourself, I can’t afford to save. 

Every little bit adds up, even if you only save $5 a week. 

Think what will happen if the paychecks stopped.  What will you do then?  How will you and your family survive? 

This can be prevented if you start saving now.  Have a goal to save three to six months of your monthly expenses set aside for the unexpected.

You can check out this post on 10 brilliant ways to help you save more money right here. 

Get A Side Hustle

Are you making enough money on you current job?  In order to make ends meet, pay your bills and save, you may need to start earning more money. 

If money is tight in your life right now you may want to try a side hustle. 

You can always look for part time work. But, if you have children at home or simply don’t like the idea of working two jobs then look into the money profitable side hustles that exist online these days. 

There’s an app that can actually save you money on your grocery bill.  All you have to do is scan your receipt and receive the rebate from the items you bought.  The money is directly deposited into your checking account.

Another easy way to earn is by being a Shipt Shopper.  Simply grocery shop for others and deliver the groceries to their door.

Plus don’t forget about Lyft and Uber.

Read more about Shipt and a number of other legit side hustles listed in this post and this one right here. 

These side hustles can earn you $1,000 or more each month.

Increase The Amount Of Your Current Paycheck

Maybe you are under paid and unable to break the cycle of living paycheck to paycheck.  If this is the case then plan to do something about your situation.  Tell yourself you will be in a better position within a year. 

Then, put your mind to it and make your plan reality. 

What’s your goal?   Where do you want to be?  What do you want?  What will it take to get there?  Ask yourself these questions to make the necessary changes. 

Come up with a long term plan to give yourself a better opportunity financially.  Go back to school, go after a promotion, new position or start your own business.  Maybe apply for another job with higher earnings. 

It all starts with a choice and taking action.  Just don’t sit there whining that you don’t make enough money to stop living paycheck to paycheck. 

Because, what if one of these days the paychecks stop coming?

Closing

Living Paycheck to paycheck is a vicious cycle.

Unfortunately numerous families and individuals live this way.  It’s dangerous.  Most are unaware of the dangers until it stops. 

They lose their money, home, water, lights, food and car.  They are forced to live in their car if they are lucky.  Other’s live on the streets and in shelters if not so lucky.  

Don’t let this be you.  Take a serious look at your finances and find out what you can do now.

Don’t wait.  Fix the problem now!  Not when it happens to you.

This best selling Amazon book elaborates even more on the subject…How to Stop Living Paycheck to Paycheck (2nd Edition): A proven path to money mastery in only 15 minutes a week! (Simple Personal Finance Books) (Smart Money Blueprint)  by Avery Breyer. Click on the image below to read more….

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