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5 Secrets to Stop Living Pay Check to Pay Check

Wouldn’t it be nice to stop living with an uncertain financial future? Wouldn’t it be great to not only have enough for what you need, but to be able to put aside a bit extra every month for a rainy day? With your current situation though, you may not be able to see a way to get out of this financial deficit so you can save for a rainy day.

Amazingly, people with less money and more financial responsibility have found ways to reach their goal of not living from pay check to pay check. Here are some secrets that could help you do likewise. Make each a habit and encourage savings at every corner.

First, create a weekly meal plan that uses the same ingredients for a variety of meals. The thing that tends to increase your shopping expenses is purchasing different ingredients for every meal you plan.

For example, Monday night is pasta night; Tuesday is Mexican; Wednesday is soup; Thursday is Hot Dogs; and Friday is Steak night. Your shopping list tends to build up because each meal requires a different set of ingredients, which costs a lot more than buying just fewer ingredients in bulk would.

There are websites, like supercook.com, that will help you determine what variety of meals only take a set amount of ingredients, e.g. chicken, noodles, bread, cheese, lettuce, tomato, etc. Choose a meal you want to cook that week, type in the names of these ingredients into that website, and see what other meal options you can try out. Then go to the store with that same list and purchase in bulk for the week. This can often save you quite a bit of money in the long run, while increasing your home menu.

Second, determine to save $1 every two weeks. Surely one dollar isn’t that hard to put aside. You can often willingly forgo a more expensive brand name item for generic if it means you get to put $1 to your future.

Habits are created with simple, persistent effort. One measly buck every paycheck is a great start. After a year, you’ll have created such a deep habit that it will seem unnatural to not save. You may even lift your sights to $2 per paycheck (and in fact, you should strive to shoot for more if you want this savings to grow). For now though, concentrate on what you can manage, and save $1 every pay check until you’re ready to increase that expense.

Third, change your spending attitude. If you live from pay check to pay check because you throw money around at your leisure, then you have the financial opportunities to quit that lifestyle. Go back through your bank statements over the past three months and identify what was (1) needed, and (2) frivolous.

Keep the needed expenses in place, but make a goal to cut the amount of money you use frivolously. Frivolous expenses are a necessary part of life, but it should be limited to an affordable amount. Make a goal for how much you want available for discretion and then track your spending every day throughout the month. When you have a goal and then track your progress, you are far less likely to spend as frivolously as you did before. Save the surplus money for another day.

Fourth, work together with your spouse. If you’re married, then work through your finances together as a couple. No one person should think they have full control of the money. This creates inequality, and that inequality often ends up in relationship trouble, or over/unexpected spending on either side of the equation.

Approach your finances as equals. It’s not about what’s “yours” it’s about what’s “ours.” Plan and address your current spending habits like the frivolous spender would. Identify your needs. Find places you can improve on your discretionary money and start saving today.

Fifth, save everything you can and find ways to make more money to save. Any extra money you find in your budget should be saved. Reduce spending on unnecessary luxuries like cable TV, or air conditioners set expensively low at 68 degrees.

Any old items that you want to get rid of can be sold. Take the money from that sale and put it away. Find ways to sell your skills or hobbies outside of work to get a few extra bucks to put away.

Living from pay check to pay check can make you feel imprisoned. Shed those shackles and be free from the pain of financial worry every month by applying these five secrets to your life.

Simple Ways to Save Money

Americans today are constantly looking for ways they can save money. Although most of us do not like to admit it, many of us are operating on tight budgets, with not much extra money to go around. For many Americans, living paycheck to paycheck has become the norm and any extra expense can send their personal finances into the red. At Check City we understand that things come up and sometimes there just isn’t enough money to go around. In those cases a short term loan or cash advance is a great solution to be able to get your bills paid and take care of your financial emergencies quickly.

Living paycheck to paycheck can be a frustrating and sometimes difficult way to live, but if you hunker down and focus on sticking to a budget it can oftentimes be very rewarding. If we all just had oodles and oodles of money lying around, we wouldn’t appreciate it.

On the contrary, if we have to budget and save in order to live, then we appreciate and are grateful for the money that we do have. We also will appreciate more the possessions and items we buy with our carefully budgeted money.

Although some may say statements like these are simply ploys to help us become more comfortable with the idea of not having very much money, they can be very helpful to people who are living on a budget. Becoming more satisfied with the way you must live is a surefire way to becoming happier and more positive about life in general.

If you have come to terms with the amount of money you make and the amount of money you must spend, you are probably still looking for ways to save a little money here and there. Here are a few tips on how to save money the easy way.

Find a Penny Pick It Up

In general, you can save money by collecting your loose change. Instead of getting rid of it or giving it to your kids, try keeping it and putting it into some kind of container or jar.

If you are diligent in doing this, you will be surprised at how much money you can accumulate just from your loose change. Studies have shown that if you put aside 50 cents per day for a year, you can earn a good 40% of an emergency fund.

Track Your Spending

Another great way to save money is to keep track of your spending. Most people don’t know how much money they’re spending and what they’re spending their money on.

This can be a problem for obvious reasons. For one, it is easy to spend money when it is just a little bit here and there on various things.
But what people don’t think about is that spending a little bit of money here and there will add up eventually, and you won’t have very much money left. Many people think keeping track of their spending is annoying, tedious, and unnecessary, but many money-savvy people will tell you that it is quite the contrary.

Although keeping track of spending may seem binding, it is actually quite freeing. If you take the time to sit down and make a decent budget, you will realize that the budget then frees you to spend your money on what is appropriate to spend it on.
People are often afraid that if they make a budget, they will not have any money left over for “fun things.” There is no way to say that this absolutely won’t happen.

However, most people are afraid of the unknown. They haven’t ever made a budget, so they are afraid of what the budget will do to their spending habits.

Starting a Budget Can Be Hard, But it’s Worth It

People like this could definitely benefit from getting some help on starting a budget. It can be difficult to get a budget started, but once you know how to set it up and enter the amounts in, budgets are a piece of cake.

Many people just need that extra help at the beginning with setting up their budget so that they can learn how to effectively use their budget. Millions of Americans can attest to the benefits of making and using a budget tailored to their specific financial needs.

Another important thing to realize is that an emergency fund isn’t optional. Many people think that emergency funds are something they read about in books or online, but it is not something they actually need to have.

People do not think that they will have an emergency; emergencies are things that happen to other people. But the people who have the emergencies happen in their lives may have thought that silly phrase as well.

This should be a testament to people everywhere that emergencies can happen to anyone. This is why it is crucial to have an emergency fund in case you or someone in your family has an emergency.

The emergency fund may not be enough, but at least it will be something. The worst thing that can happen is an emergency occurs and you have no emergency fund. Financial emergencies always seem to happen at the worse times, whether your in-between paydays or have just had some bad luck recently a short term loan, cash advance or payday loan can be a great way to cover your current expenses for a short amount of time until you can pay them off with your next payday.

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