Stop Living Paycheck to Paycheck
So many people live paycheck to paycheck these days and in many cases, it could be easily fixed. People, in general, don’t realize how much money they are spending that is unnecessary, or even where they are spending it.
When you say the word “budget” people get their drawers in a knot and completely shut down anything people try to tell them. A budget doesn’t mean being poor or not having a nice car. It means deciding on what “things” are most important to you and cutting out ones you really could do without.
For example, many people stop at Starbucks on their way to work and spend almost $5 for a cup of coffee. Your money would be better spent buying an espresso or specialty coffee machine and making your coffee at home. At $5 a pop, you would pay for it the first month you used it! You can still put it in a mug and take with you on the drive to work. This will also save you time.
Even if you didn’t need the $100 per month spent on coffee to live on, just think how you could build a college fund for your children with that extra money.
Picking up fast foods three or more times per week is another way families blow their money, and it’s not healthy for you either. Invest in a slow cooker and electric pressure cooker. These are two of the best appliances you can have in your kitchen.
The slow cooker is great for one-pot meals to have ready for you as soon as you walk in the door. If you forget to thaw something out, no worries. The electric pressure cooker can be started with frozen foods. While you are heating up some vegetables the main course will be ready to go in twenty minutes or so.
The average family of four spends $35 to $45 dollars at places like What-a-burger or Taco Bell, so why not spend that money at the grocery store and have two or three meals!
For those of you who are crying about not having time to buy a week’s worth of groceries, there is a solution for you too. Go online and shop at grocery.walmart. com. You order your groceries and schedule a time to pick them up the next day. It’s so easy to drive up and wait while they bring your groceries out to your car. This usually takes 5 to 10 minutes and is easy to do on your way home from work.
There are many ways you can work on your budget so that you don’t have to live paycheck to paycheck, but just these three alone can save you hundreds of dollars each month. Could you use an extra $300 – $400 per month?
Savings could look like this each month:
Coffee at Starbucks $100
Coffee at home $ 20
Savings $ 80
Fast Foods 3 times a week $35 each trip $420
Meals at home when not eating out $375
Eating all Meals at home $475
You can see that a family of four can easily eat for the entire month on $475 if you watch sales and cook from scratch. You can even splurge and eat out once or twice a month with the family if you are careful.
Eating fast foods and eating some meals at home is almost $800 per month. Eat more at home and put that extra $320 in your pocket or pay off some credit cards.
Staying on a budget is all about making a smart decision with your money and deciding what’s most beneficial to your family. Stop living paycheck to paycheck today and some of your stress will melt away!