Money Matters
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How do you know...

If your living paycheck to paycheck? We get paid bi weekly and usually have a hundred or more dollars leftover over to spend freely and stash some into savings. But then sometimes I feel like we don't have a lot leftover to contribute to any savings accounts.....

Re: How do you know...

  • To me, living paycheck to paycheck means that all your bills eat up your income and you don't have enough to put in to savings. If you were to lose your job or have your hours cut, you wouldn't have enough income to pay all your bills.

    Are you

  • No that's honestly all. I was just curious to see what the amount I guess really consisted of. I feel like people always have more money to save than we do, although I don't really know that. We just refinanced our condo so we are now saving 243 per mo

  • How much you save depends on your income and your spending. You might not make much money, but you could still save some of it if you don't spend much. It wouldn't be as much as someone who is making more money and also not spending much (assuming they

  • I don't know if there's an exact definition out there, but to me not living paycheck to paycheck would mean that you had at least something left over each month to save, and enough stashed away to cover your back if you lost your job.
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  • I use this excel spreadsheet/ template so I can really keep track of money coming in and then how much I spend in certain categories-

     https://www.etsy.c

  • I never really did the math b/c to me the idea of living pay check to pay check was more psychological.  I didn't feel "comfortable" until I had 1 year's worth of living expenses in the bank on top of an e-fund & retirement savings.  When I
  • Ok good. I'm working on having 8 months living expenses or more and it's coming along pretty good.. We are also saving for a house so I feel like even though I'm trying to stash money aside for these things there may not be a ton left to spend extra money
  • imageErinsInspirations:

    I use this excel spreadsheet/ template so I can really keep track of money coming in and then how much I spend

    I've seen a lot of military surprise homecomings. It wouldn't work on me. I always have my back to the corner and my face to the door. Looking for terrorists, criminals, various other threats, and husbands.
  • Here's how I look at it.  If you were to miss a paycheck, would you still be able to pay your bills or would the loss of that paycheck cause you to miss a mortgage/rent payment, car payment, utility bill, etc?  Or would you have enough in sav

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  • I agree with PP. Living paycheck to paycheck would mean that if you missed a paycheck, you wouldn't be able to pay your bills. One thing you can do is a written monthly budget which includes all your expenses for the month, all your income and ends with
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  • imageWishIcouldbeinthe'stan:
    imageErinsI
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  • imageWishIcouldbeinthe'stan:
    imageErinsI
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