
How to Stop Living Paycheck to Paycheck

It’s a fact of life for lots of folks: many of us are living paycheck to paycheck. According to a recent study by CareerBuilder.com, 8 out of 10 Americans are doing this—but there is hope. There are many ways you can fix your finances, but we at Advance America have found that the tried-and-true basics are the best place to start.
Like any difficult task, learning how to stop living paycheck to paycheck is accomplished one step at a time. Here are the best steps with which to start your journey:
- Set short, medium, and long-term financial goals
- Learn to budget and track your expenses (and consider using money tracking apps)
- Organize your bills so you have a better idea of fixed expenses
There are numerous example budgets available for how you might allocate your income against cost of living models; basing your budget on these figures could be a good place to start: