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#6 Stop Living Paycheck To Paycheck

Released Sunday, 8th December 2019

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#6 Stop Living Paycheck To Paycheck

Sunday, 8th December 2019

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In this episode, Jared and Dylan will give you 4 steps to stop living paycheck to paycheck, and will give you advice from their personal experience when it comes to Finances.

Stop Living Paycheck To Paycheck! Once you do so, it will allow your life to progress in other aspects. Also, once you start living paycheck to paycheck you can start thinking about the future and your long term goals. For example "How much am I saving for retirement" vs. "Can I afford groceries this week". Here are some facts about living paycheck to paycheck that we discovered. According to the 2017 survey, CareerBuilder, a leading job site, found some startling statistics related to debt, budgeting and making ends meet.

Here are some findings from the survey:

- Nearly one in 10 workers making $100,000+ live paycheck to paycheck

- More than 1 in 4 workers do not set aside any savings each month

- Nearly 3 in 4 workers say they are in debt - And more than half think they always will be - More than half of minimum wage workers say they have to work more than one job to make ends meet

- 28% of workers making $50,000-$99,999 usually or always live paycheck to paycheck, and 70% are in debt

The survey also found that 32% of the nearly 3,500 full-time workers surveyed use a budget and only 56% save $100 or less a month.

Enjoy the podcast we hope you gain something from it!

How Many People are in Debt?(1:53)

2017 Survey related to debt. (2:50)

4 Step Pyramid That Will Help You Financially. (6:00)

Step 1 To Stop Living Paycheck To Paycheck. (6:17)

Step 2 To Stop Living Paycheck To Paycheck. (7:02)

Step 3 To Stop Living Paycheck To Paycheck. (8:59)

How someone who has a family as well as a house budgets. (9:20)

First thing you should do when budgeting. (10:55)

Start Small. (12:50)