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What is the main lesson to learn,how to stop living paycheck to paycheck to paycheck?I am one of those people who live paycheck to paycheck and I was wondering is there any one who has good points,views and lessons to be learned on how to finance money in the right way so I don't have to keep living paycheck to paycheck?

tony · Posted: Sun Sep 18, 2005 8:07 pm Subject: paycheck

spread your income as follows...
pay yourself first 20%
save 10%
Pay you bills 70%

Posted: Sun Sep 18, 2005 8:14 pm Subject:

Thank you for the input!I try to save but somehow I always come into a loop hole of paying something off and then have to keep paying more and more bills.It never fails all the time it always happens like that the more and more I dush out the more and more I go behind with bills!

Posted: Mon Sep 19, 2005 10:39 am Subject:

Hi ch:

I can suggest you some more techniques that might help you. I have tried this policy and it helped me a lot.

Try to differentiate your wants and your needs.
There are some fixed and floating expenses - prioritize them accordingly.
Control the temptation of using credit cards and having payday loans.
Keep some part of your earning aside every month, treat saving as an urgent expenditure. Try not to touch this amount unless you don't have any other option.
Prepare your own budget and stick to it at any cost.

Let me know, how do you feel about my plan?

Posted: Mon Sep 19, 2005 10:46 am Subject:

I think that is a good plan but it is so hard I get so tempted to spend you know!But I am gonna try that to see if I can stay on a income budget I will keep you posted bryan and let you know how it works out okay!But that is a very good point the only way I can save is if I don't see the money in my face maybe I can just keep all my money in the bank and try to save that way!

Posted: Mon Sep 19, 2005 1:54 pm Subject:

Ch, all you need is a proper budgeting. A better financial management is the key to solve all your financial problems.

You are having tough times just because you are lacking management in it.

Let me exemplify, if you love to cook food, and if you know the art of cooking nicely, it will be appreciated by all. But, if you are cooking without any interest, you will be the only one to criticize first.

It's all management, my dear!! You will be able to master this art very soon only if you have interest towards it.

Regards
Roxette

Posted: Mon Sep 19, 2005 8:00 pm Subject:

Thanks Roxette,
I know I have a bad time to manage money because if I have it I will spend it,and when its gone I am always looking dumb founded in the face!I try to see where I spent my money and then when I calculate it all up it was on stuff I really didn't need!But I think I am starting to get the hang of it budgeting money instead of sopending it on nonsense!

Posted: Tue Sep 20, 2005 11:05 am Subject:

It's hard, I know, because it seems that bills are due right around the time of your paycheck. Tony hit the nail on the head...the Pay Yourself First rule. Can't beat it. And it works!

My bad money habit is eating fast food often....that stuff adds up!

Posted: Tue Sep 20, 2005 12:17 pm Subject:

Hey Lindsey, I also love to eat fast food...same choice here. But I make it a point to do it once at the beginning of the month in a prodigal way. Rest of the month, I tie myself.

Posted: Wed Sep 21, 2005 11:01 pm Subject:

I know I love to eat fast food I have groceries here in my home but I love to eat out all the time.But if I can control that habit from eating fast food most of the time then I can try to save some money!!!!!!!!

Posted: Thu Sep 22, 2005 7:54 am Subject:

It takes will power. Fast food is convenient: it's fast, it's good, it's always there and you don't have to make it. But it's also unhealthy, and expensive.
The best advice is to buy foods from the grocery store that you like and try your best to pass up the fast food. In the long run, you'll gain money and lose some weight Cool

Posted: Thu Sep 22, 2005 10:01 am Subject:

Most important thing is that we should separate our �need' from our �want'. Once we understand the difference, I think, we can manage our budget in a better way. I do agree that it's hard, but let's start it from today; I am sure all of us can do it.

Posted: Thu Sep 22, 2005 10:19 am Subject:

Yea....as in I don't need that new Prada handbag...or the Versace winter coat...or the new Monolo Blahniks.
Ah well. I've definitely sacrified a lot of "wants" over the past year...it's depressing, but hey, I'm still alive! Very Happy

And that's all that matters

Posted: Thu Sep 22, 2005 3:21 pm Subject:

Lindsey, you like branded stuff. Ain't you?

I also get something branded for myself but, very rarely. I know that it looks nice and also realize that we have to pay something on things that are beautiful. So, I try to resist myself.

Posted: Fri Sep 23, 2005 11:59 am Subject:

LOL! Actually, I'm not too much into brands...if a shirt or a pair of shoes is cute, I'll buy it regardless of brand. But of course, sometimes it's nice to show off that Burberry coat to your friends. I actually moreso enjoy shopping at thrift shops, where you can find cheap, yet one-of-a-kind garments.

Posted: Fri Sep 23, 2005 12:46 pm Subject:

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