Living Paycheck to Paycheck

61% of Americans live paycheck to paycheck whether you’re making $50,000- over $100,000. People don’t have any money left over after their fixed expenses are paid, meaning they’re just letting their student debt grow, don’t have any funds for emergencies, and generally have no flexibility to live a desirable lifestyle. Inflation has a huge impact, but it’s also due to people’s poor spending habits. Even with the little money some have, rather than saving or putting it into debt instead, they purchase luxury items. The cost of living keeps increasing and people can no longer afford their lifestyle.

How do I prevent this?

BUDGET; budgeting may seem silly, but tracking your expenses and income will make it easier to have more money leftover, over while still up-keeping your loan payments credit card balances, and savings. This prevents you from impulsively spending out of your desired amount, and you can use it for something else, like a computer or house. This doesn’t mean you have to restrict yourself from everything, you can make your shopping savings if you would like an allowance to spoil yourself every few weeks. Remember you’re budgeting for a desirable lifestyle, not a boring one.