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Breaking Free From The Cycle Of Living Paycheck To Paycheck

The first step to starting your financial independence journey is to escape living paycheck to paycheck. It is not as difficult as you think. Taking the first step is the most difficult part.

The exact strategy I used to escape living paycheck to paycheck will be shared in this post. I’m excited to share this strategy with you so that you can take control of your finances and finally break free from the cycle of living paycheck to paycheck. I saved $16,520 in a year and will show you how to do the same. You can achieve amazing results with your savings with the right budgeting and money management strategies.

We know living paycheck to paycheck is hard. It is hard to save. It is possible to save if you stick to your budget. You don’t have any money. I worried a lot about having enough money to pay rent, my student loan payment, and stretch my paycheck long enough to make it to the next paycheck. I tried to save money and live frugally so that I could survive.

money sliding under the glass window at a bank

When you get your first job, it doesn’t take long to realize that you don’t have a lot of money.

I was paid twice a month. I was happy to learn that I got paid twice a week as it allowed me to budget more easily. My first paycheck was for rent in a big city. I was excited to get it, but I realized that it wouldn’t last very long in the city. My student loans were the reason for my second paycheck. I was happy to know that I could start paying them off.

I spent 70% of my take- home pay before it hit my bank account. I needed to find new ways to make ends meet. I had about $800 left after taxes. I wanted to make it last until my next paycheck. I was already putting 15% of my pre-tax paycheck into my company’s 401(k) but I wasn’t saving any money to escape living paycheck to paycheck. I decided to set aside a portion of my earnings each month to build up my savings and break the cycle of living paycheck to paycheck.

Nothing. When I couldn’t stretch paycheck #2 to the end of the month, I began to accumulate credit card debt. I realized that I needed to control my spending in order to pay off my debt.

I always calculated how I was going to spend the money. If I wanted to make my money last, I needed to be more aware of my spending habits. I was worried about running out of money. I knew I needed to make more money, but I didn’t know how.

I was making a ton of money mistakes millennials make. I could not fall back on my parents. I didn’t know how to make it myself. I had nowhere to go if I ran out of money. I didn’t know what to do next. I had to make a change. I decided to start fresh and take a leap of faith. I wanted to live again.

1 Year To Escape Living Paycheck to Paycheck

I created an account at 

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