Comments on: How to Stop Living Paycheck to Paycheck and Start Getting Ahead http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Money Under 30 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1756 Money Under 30 Thu, 09 Oct 2008 13:04:43 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1756 Eric, that's SO true. I've always been totally open about my finances in relationships, and I'm not even married yet. It's a tough balance for a saving partner to make a spending partner see the need to be cautious with money--of course spenders can get annoyed by savers thinking they are cheap and no fun! Hopefully most people can reach a compromise. Good luck! Eric, that’s SO true. I’ve always been totally open about my finances in relationships, and I’m not even married yet.

It’s a tough balance for a saving partner to make a spending partner see the need to be cautious with money–of course spenders can get annoyed by savers thinking they are cheap and no fun! Hopefully most people can reach a compromise. Good luck!

]]> By: twenties money http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1755 twenties money Thu, 09 Oct 2008 12:28:19 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1755 I think another great tip, especially if you are married or in a relationship where finances are shared is to be level with your significant other. This is something I'm currently experiencing. My wife see's extra money in the account after bills are paid and doesn't consider next week or down the road and wants to go shopping for cloths or household items. We just got into a huge conversation two nights ago about the current economic cluster fu** and yesterday she tells me she wants to goto mexico for a few weeks for christmas. Seeing her family is important to her, but the fact that she doesn't bring any money into the house and wants to spend upward to 3,000 for two weeks to mexico just irritates me. It's really hard to get out of the pay check to pay check thing, or even save diligently when you and your spouse/significant other are not aligned. I think another great tip, especially if you are married or in a relationship where finances are shared is to be level with your significant other. This is something I’m currently experiencing. My wife see’s extra money in the account after bills are paid and doesn’t consider next week or down the road and wants to go shopping for cloths or household items. We just got into a huge conversation two nights ago about the current economic cluster fu** and yesterday she tells me she wants to goto mexico for a few weeks for christmas. Seeing her family is important to her, but the fact that she doesn’t bring any money into the house and wants to spend upward to 3,000 for two weeks to mexico just irritates me. It’s really hard to get out of the pay check to pay check thing, or even save diligently when you and your spouse/significant other are not aligned.

]]> By: James http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1757 James Tue, 07 Oct 2008 22:53:48 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1757 I believe this is a fair example of paycheck to paycheck. Most working individuals certainly count on receiving their pay. However, if you need to delay certain payments such as bills and filling up the gas tank because you don't have the supplemental funds to do so UNTIL payday, then you are most certainly living paycheck to paycheck. By keeping the cushion of good savings you relieve yourself of the stress and anxiety of regular payments and purchases, thus relieving the tension of 'living paycheck to paycheck'. I believe this is a fair example of paycheck to paycheck. Most working individuals certainly count on receiving their pay. However, if you need to delay certain payments such as bills and filling up the gas tank because you don’t have the supplemental funds to do so UNTIL payday, then you are most certainly living paycheck to paycheck.

By keeping the cushion of good savings you relieve yourself of the stress and anxiety of regular payments and purchases, thus relieving the tension of ‘living paycheck to paycheck’.

]]> By: JvW http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1754 JvW Tue, 07 Oct 2008 16:47:59 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1754 I don't know if what you described is not living paycheck to paycheck. Just because your paycheck is earmarked for debt reduction doesn't mean you can go without a paycheck. I think you stop living paycheck to paycheck when you have enough money in the bank (or investments) that you don't need to work at all anymore. These steps are a good start in the right direction, but for most of us, it'll be a long time before we don't care when payday is. I don’t know if what you described is not living paycheck to paycheck. Just because your paycheck is earmarked for debt reduction doesn’t mean you can go without a paycheck. I think you stop living paycheck to paycheck when you have enough money in the bank (or investments) that you don’t need to work at all anymore. These steps are a good start in the right direction, but for most of us, it’ll be a long time before we don’t care when payday is.

]]> By: Money Under 30 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1759 Money Under 30 Tue, 07 Oct 2008 12:48:52 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1759 Great point, Adam. It's so easy to get caught up in clothes shopping once you're out. You see something you "want" and justify it by thinking I "need clothes" anyway...but clothes add up fast. I know a lot of fashion-conscious folks (men and women) who find most of their wardrobe at places like Kohls, Target, and TJMax...and they're saving a bundle. Great point, Adam. It’s so easy to get caught up in clothes shopping once you’re out. You see something you “want” and justify it by thinking I “need clothes” anyway…but clothes add up fast.

I know a lot of fashion-conscious folks (men and women) who find most of their wardrobe at places like Kohls, Target, and TJMax…and they’re saving a bundle.

]]> By: Adam http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1758 Adam Tue, 07 Oct 2008 12:27:04 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1758 Clothing can be a big money sink. Because it's a necessity, I find people don't think twice about dropping serious money on them. I just recently started shopping the clearance racks at Kohl's. I've gone from paying $20-50 per item to paying $5-20 each. Clothing can be a big money sink. Because it’s a necessity, I find people don’t think twice about dropping serious money on them. I just recently started shopping the clearance racks at Kohl’s. I’ve gone from paying $20-50 per item to paying $5-20 each.

]]> By: barak http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead/comment-page-1#comment-1760 barak Mon, 06 Oct 2008 23:48:43 +0000 http://www.moneyunder30.com/how-to-stop-living-paycheck-to-paycheck-and-start-getting-ahead#comment-1760 Great tips! Also, look at what is costing you the most. Consider how you can lower that cost. Get the most bang for your "buck" this way. Don't get caught looking down for pennies while the dollars are flying away over your head. Great tips!

Also, look at what is costing you the most. Consider how you can lower that cost. Get the most bang for your “buck” this way. Don’t get caught looking down for pennies while the dollars are flying away over your head.

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