Paycheck-to-Paycheck
September 1st 2008 10:54
This post goes along with the previous one. It is about budget but it focuses on tracking spending for those living paycheck-to-paycheck.
You can budget your money, but there are too many unforeseen expenses. The real money drainers are what we pay more for that we want and don't need. Article:
Well, you budgeted for rent, monthly bills and groceries, but did you factor in going to the movies, eating out for lunch, repairing your car's busted radiator or tailoring your new suit?
An unforeseen expense is the radiator. Tailoring your new suit has too many flaws and there must be a 'cheaper' solution depending on the circumstances. Going to the movies-RENT a movie and stay home! Eating out for lunch-brown bag it! Fear not, suggestions are coming in the future.
Sound advice to try: "Consider creating a budget and then writing down all money spent for a month. Compare it to the budget," financial specialist Lisa R. Featherngill advises. "Are there surprises?"
That's a great way to track spending and keeping a budget.
In the end, even though most don't like it:
Sometimes, though, living paycheck to paycheck is not a matter of luxurious spending; it's a simple case of math. You might not be earning enough to ever get ahead. You have to decide if you're comfortable with earning what you do or if you need to find another job. In the meantime, maybe you can find ways to save a little extra with your current pay.
Part-time jobs aren't always as bad as they sound. I would stay away working day labor on your days off, but might work for those in real financial need. Employers hire part-timers more than they hire full-timers. Some cater to retired seniors, others to college students, and there are plenty in between. This, too, will be a future post!
You can budget your money, but there are too many unforeseen expenses. The real money drainers are what we pay more for that we want and don't need. Article:
Well, you budgeted for rent, monthly bills and groceries, but did you factor in going to the movies, eating out for lunch, repairing your car's busted radiator or tailoring your new suit?
An unforeseen expense is the radiator. Tailoring your new suit has too many flaws and there must be a 'cheaper' solution depending on the circumstances. Going to the movies-RENT a movie and stay home! Eating out for lunch-brown bag it! Fear not, suggestions are coming in the future.
Sound advice to try: "Consider creating a budget and then writing down all money spent for a month. Compare it to the budget," financial specialist Lisa R. Featherngill advises. "Are there surprises?"
That's a great way to track spending and keeping a budget.
In the end, even though most don't like it:
Sometimes, though, living paycheck to paycheck is not a matter of luxurious spending; it's a simple case of math. You might not be earning enough to ever get ahead. You have to decide if you're comfortable with earning what you do or if you need to find another job. In the meantime, maybe you can find ways to save a little extra with your current pay.
Part-time jobs aren't always as bad as they sound. I would stay away working day labor on your days off, but might work for those in real financial need. Employers hire part-timers more than they hire full-timers. Some cater to retired seniors, others to college students, and there are plenty in between. This, too, will be a future post!
| 67 |
| Vote |
