Living Paycheck To Paycheck

Living paycheck to paycheck is one of the biggest problems most of us experiment at least once in a lifetime and most of us, more often than we like to admit. If you are reading this, you have to congratulate yourself because it is so much easier to live in “denial” of your financial situation than to look for some solutions.

Within this blog, you’ll find many ideas to stop living like that. And at this time, I’m giving you four basic tips I read some time ago from Bob Proctor, he is a pretty good speaker of prosperity and law of attraction.

Living Paycheck To Paycheck

Living paycheck to paycheck is a symptom of living in debt. There is no freedom in that, as also it is not a sign security. I used to think that having a 9 to 5 five job in a great company provides you with security but I prove myself wrong. That’s why I started this blog and find freedom everyday. I learn more everyday and mix my sell skills with online business. I’m wishing you the same. But, let’s cut to the chase and here you are the four tips I promised.


Tip 1: Cut up your credit cards.

I’ve told you that. Cut them up. There is nothing more dangerous to your financial status than your credit cards. Debt in credit cards grow up faster than any other debt, they has high interest rates and it is quite easy to use them and it is also easy to forget when and where we use them.

If it seems extreme you should think of the additional debt that comes with using them. They give you the opportunity to spend more than you really should.

You might think that they will get you out of an emergency, it’s a valid point of view as soon as you don’t think that going to a McDonald’s or to a Starbucks is an emergency.

Start by cutting them but one and ask your financial institution that cut off your limit, maybe only $500 as a limit (or less).

The more important thing here is you practice some discipline and leave your cards at home.

Tough financial situations call for tough measures, don’t you think it is true?

Tip 2: Pay yourself first.

When people recommend that you should pay yourself first it is not about paying yourself the rest of the money you didn’t spend.

It says “first”. When you receive your paycheck, take out 10% of it and save it for yourself. If it is difficult 10% because you are in serious financial troubles, pay yourself with 1% and start to increase it by another 1% next month or every other month.

The idea here is to learn to live with that 90% or 99% or your paycheck and at the same time to grow your savings account.

Do not give priority to your bills, loans, mortgage before you. You are your main asset and deserve the best.

Living with less than you earn will teach you to look for the money you need. That’s when sales skills take place 🙂

Make your first pay of bills, your first deposit, your own payment for being you.

After a while, your savings will come into great and you won’t need a credit card as an emergency fund, so you don’t have to increase your debt.


Tip 3: Start being free

Just a few years ago (compare to the human history) slavery was the most common “job” around. That is one of the most awful facets of life, slaves sweated and bled for food and shelter. Do you feel like that sometimes? Are you thinking you are an slave working for food and shelter but at the same time, making other people richer?

But also, society today are becoming slaves to posses things, not experiences. Are you working to watch TV in a 60″ tv screen? and to buy thing the advertising shows you in that TV screen?

Is it really necessary to buy the latest smartphone, fancy clothes you only wear once and the latest car with all the features they sell?

It’s ok to buy things, I completely agree we work and earn money to be comfortable but not at the expense of debt and your sanity. Don’t spend your hard-earned money on items, invest them, you will find that you will be earning easy money from your investments and then, with that “easy money”, buy the things you want.

The next time you feel the need to buy those things, I propose you do two specific things: 1) delay your decision for thirty (30) days. You will find you can live without this and after 30 days you will realize you don’t need it, and 2) After those 30 days, think again if you really need it and if it is really necessary.

I bet you are doing fine without the latest smartphone and without the latest car.

So, be free. Why not? and stop living paycheck to paycheck.

Tip 4: Automate the payment of your bills.

If you automate your cable, electricity, water, gas, etc. bills, you won’t be able to pospone them and pay after the due date, which brings you extra costs.

Also, you won’t be able to spend all your money and pay your bills with your credit card which, increase your debt.

Then, your regular expenses are taking care of (automatically).

Remember to put your bill here… yes, your savings bill should be done the same way and it should be the first one.

These are the pretty basics tips to stop living paycheck to paycheck. Please, let us know how you are doing, we love to hear success stories.

4 thoughts on “Living Paycheck To Paycheck”

  1. This is really true. Living paycheck to paycheck is a terrible reality most people live, including myself. I’m trying to fight back and I know this is an article that really helps in my pursuit of hapiness. I really love this, thank you very much for sharing this. I hope to read more topics like this in the future.

    1. Hello Karla, thank you very much for sharing your toughts. There are so much more information in this site, but basically, to stop living paycheck to paychek you must be able to make more money, sales can help you with that. Also, start your online business. I recommend you to follow this: How-to Affiliate Marketing, with this, you can start to make side money and as any other business, you’ll be able to run an online business and you won’t depend on and employer.

  2. I hate living paycheck to paycheck, and this is an eye-opening revelation… Thank you for leading us to a new vision. Is there a way to start an extra money business, doing basic tasks?

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