5 great ideas to stop living paycheck to paycheck every month

Living paycheck to paycheck every month is a bad habit. It shows your negligence towards your future. Do you know how important it is to save money? Only 32% of Americans had savings when the world got stuck into covid-19. Those who had savings were draining their bank accounts every passing month while the rest were needy and shattered.

paycheck to paycheck

It’s time to stop living on a time-loop and save for the good, save for your future!
Yes, it feels miserable to save every month while meeting the ends of your necessary expenses. This is why we have got some great ways for you to help save smartly. You can start with budgeting your expenditure instead of going into that paycheck-to-paycheck cycle again.

5 ways to stop living paycheck to paycheck

1.    Emergency fund

Research shows that approximately 68% of Americans are living paycheck to paycheck every month. Raising an emergency fund of $1000 might look useless today but it’s the safest plan for those ‘hard life’ moments. This way you can control your expenses and can easily raise this fund for your “hard times.” How much of your paycheck goes to taxes? 15.3% of it as per your research! Start budgeting your expenses so you could save wisely and spend efficiently.

2.    Live below your means

 any kind of debt is limiting your saving maximization. Start with getting your debts paid today. Live below your means, just spend for essentials and not unnecessary desires. Do you know how many Americans live paycheck to paycheck every month? Just setting up some rules to save could make your future. Start cutting off your unnecessary expenses. You could stop planning meals with friends every week to twice a week.

3.    Side hustle

In order to save enough every month, you just need a side hustle. A temporary job that helps you save more. You can earn through writing blogs or by starting your passion for baking as a medium to earn more. These little earnings will help you save easily. You can start teaching through online classes as well. A part-time job will ease your burden and help you earn effortlessly. Online jobs can prove to be the best side hustle for the current time.

4.    Spend or save

Spending seems to be simple and exciting. You just wait for your paycheck every month because you spent every last penny the previous month. What if you didn’t get paid the following month? Have you ever considered what you will do? Only 20% of adults have savings in their bank accounts, and those savings are only good for three months. What happens after those three months? This is why it is critical to saving. This is why you must refrain from overspending. This is why you should always save more and spend less. Because your future is waiting for you!

5.    Sell extra stuff

If you are a privileged child who carries an extra car or branded clothing around unnecessarily. Then you must sell it immediately. Initiate selling any additional items that could help you with cash. This will increase the number of zeros in your emergency fund. Any little penny counts in this situation. Small contributions today will be the most beneficial in the future.

Also read: 10 amazing tips to become a freelance writer


Stay motivated – remember why you started savings. Never forget that you choose to cut off extra spending for a bright future. These savings will let you enjoy your life to the fullest in the upcoming time till then stay wise and spend efficiently to live happily always.

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