How to Break Free From Living Paycheck to Paycheck

How to Break Free From Living Paycheck to Paycheck


Living paycheck to paycheck can be stressful. You might have unexpectedly lost your job or even have a difficult time keeping track of your money. Whatever the reason may be, you deserve to live a more positive lifestyle by improving your money situation. Keep reading to discover tips for breaking free from the stress of living paycheck to paycheck.


Focus on the Necessities


Unless you're a fashion model, necessities don't include new designer shoes, an expensive haircut, flashy cars or fancy diamond earrings. This is the perfect time to get realistic, so you can focus on necessities like car insurance, bill payments and pet care expenses. After all, when tax time comes around, you might need extra money. Only buying what you need is also a smart way to save money for emergencies when they arise. When you happen to need new items, focus on buying with quality in mind. This will prevent you from needing to replace the item quickly. Ultimately, this shopping strategy saves money in the long run. 


Reduce Monthly Payments


Extra monthly payments can take a serious toll on your bank account and add unnecessary worries to your life. Be kind to yourself by reducing monthly spending. Your budget can only benefit from getting rid of magazine subscriptions, entertaining apps and clothing alterations. Be your own boss before it's tax time and the IRS comes knocking at your door. If you definitely find value out of certain monthly subscriptions, find a way to budget it comfortably. Don’t feel like you need to completely cut out every monthly expense at once. 


Take Care of Emergencies Yourself


You don't need to call the handyman or auto repair shop for every emergency that arises. Save money by cutting unnecessary expenses and doing it yourself. Learn to do basic maintenance like sealing out unwanted house drafts or oil changes by reading manuals on basic maintenance. Being prepared for emergencies beforehand can save you from spending excessive amounts of money later on. A business like American Cash Advance and Title Loan can help you get a loan for car repair, bill payments or for any other reason you may need it. You might even have a friend or family member who has more knowledge and skill when it comes to repairs around the house. Recruit one of them for free labor or large service discounts. 


Have a Side Hustle


You can use any creative skills or expertise you may have to earn extra money with a side hustle. A simple way to start a business you love is by using Etsy. Sell greeting cards, artwork, knitted sweaters, pet toys or almost anything in the arts and crafts category. Have fun making money from a hobby you enjoy and inspire others to get excited to buy your products. Besides this, consider selling your writing, editing or computer programming services. Ask family or friends if they need anything done so you can earn extra income. Even an extra $100 a month can make a big difference for your budget or paying off debt. 


Taking control of your own life is essential to your well-being, happiness and health. Letting your lack of money control you will only put you further in debt. Make a commitment to living the lifestyle you deserve by facing your problems head-on. Break free from feeling tied down by money and remember the above tips. 


Emma is a freelance writer based out of Boston, MA. She writes most often on health and education. When not writing, she enjoys reading and watching film noir. Say hi on Twitter @EmmaSturgis2


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