I was honored to be interviewed by U.S. News & World Report about How to Stop Living the Paycheck-to-Paycheck Life.
Here’s a snippet:
For Laura Jones, it wasn’t a lack of savings that led to her living paycheck to paycheck. In fact, the 38-year-old Lawrenceburg, Indiana, resident had been diligently putting money away in her retirement account. However, when she lost a job, she realized her money was out of reach, and frugal living became a necessity.
“We tell people to put money into [retirement] accounts where you can’t touch them,” Jones says, “but [I’ve learned] you still need an emergency fund.” Jones eventually landed a job selling insurance and was able to put away enough in an accessible savings account for a year’s worth of expenses but not before going through a period of stretching one paycheck to the next.
People may end up living paycheck to paycheck for a number of reasons. They could be forced into the situation by events outside their control, or it could be the result of financial choices they made. Either way, it’s not an enjoyable way to live. Here’s how to get out of the paycheck-to-paycheck cycle and on a comfortable budget.










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