How to avoid living from paycheck to paycheck

[Ernestnari]

One of the best strategy one can execute to avoid living paycheck to paycheck is to set up a good budget. Having a good budget will help you keep up to cash and limit how you spend money on unnecessary things.

 

[Salt]

We should save money and should have a goal to save money every month and for that we can take help of different bank schemes and Insurance policies

 

[Starmix]

It is not good to live paycheck to paycheck. It seems like forever. The best thing to do is work double or triple online and have the earnings pay or clear your debts and start anew.

 

[Salt]

We need to save money and should have a fixed plan to invest in different securities so that we can have some assurance for our future

 

[Good-Person]

We should save money and should have a goal to save money every month and for that we can take help of different bank schemes and Insurance policies

I am not sure what the Original Poster meant by "living from paycheck". Is he referring to saving more money? I think that money could be saved in many ways.

 

[Salt]

I think they mean we are just earning and spending money and not saving so we should save money

 

[Good-Person]

I think they mean we are just earning and spending money and not saving so we should save money

Saving money is very important. There are many people who save a little money. I emphasise a lot on saving more and more. The more a person saves, the better.

 

[Starmix]

You feel doomed if you live paycheck to paycheck. It seems like forever doing this. It is simply because you cannot cease to borrow with interest because your salary is for your debt which seems like crazy. It goes higher and higher, so the best thing to do is find online jobs, not one but 3 or more to suffice your financial needs.

 

[Salt]

I know many that are doing it and they don't give any consideration to savings. For them, money in the pocket is the reason to buy anything and everything they want

 

[Good-Person]

You feel doomed if you live paycheck to paycheck. It seems like forever doing this. It is simply because you cannot cease to borrow with interest because your salary is for your debt which seems like crazy. It goes higher and higher, so the best thing to do is find online jobs, not one but 3 or more to suffice your financial needs.

Well, i think that not saving money could lead to failure in life, even if you earn tons of money per day. Savings are very important.

 

[Starmix]

@Residualearner, saving a portion of our income offline or online is very vital for us to withstand the test of time. There are times when we are not in good shape, so we need a physician and if there is no money, we opt to borrow or apply for a loan to survive. It is better to save for rainy days, and for business capital.

 

[Nomad]

You need savings for your emergencies as well as emergencies. You also need investments in various assets.

 

[Salt]

I am even planning to set up some sort of emergency fund now as I am little unsure about the future because of health issue of my parents

 

[Bisolami]

One of the best strategy one can execute to avoid living paycheck to paycheck is to set up a good budget. Having a good budget will help you keep up to cash and limit how you spend money on unnecessary things.

It is very good to have a good budget. It is also good to be able to follow that budget.

 

[Salt]

This type of mentality will make us broke all the time and that's why we need to save money every month