My ultra-present day piece for Money Crashers is set some other subject matter I were fortunate sufficient to have no private enjoy with: living paycheck to paycheck. Apparently, this places me inside the minority, as a survey I decided at CareerBuilder says more than 3-quarters of American employees currently live this manner. Even among humans making over $one hundred,000 a yr, almost one in ten said they usually or typically lived paycheck to paycheck.
Based in this survey, it looks like in fact making enough cash isn't the critical aspect to escaping the paycheck-to-paycheck trap. So what is?
I regarded into what experts at Forbes, The Balance, U.S. News, and Quicken Loans had to mention on the issue, and boiled their advice down to a six-step plan:
- Track your spending
- Make a budget
- Cut your expenses
- Boost your income
- Jump-start your savings
- Stay on target
There's more to it than that, of course, and you can learn all the details in the article, as well as what definitely won't help (relying on debt). Read about it here: How to Stop Living Paycheck to Paycheck.
