Paycheck-to-Paycheck Cycle

When it comes to financial lifestyle improvement we think of bringing more money in and that is one of the ways we can avoid being broke. And when you learn how to avoid being broke you kind of get things for granted. In real life that sort of the phase comes every now and then in your life.

You find yourself paying one debt to another and then your money does not also add up. And while you add it up you would not grow on the lifestyle and the family side and this is what people tend to hate too. So in grand scheme you have to learn to avoid living paycheck to paycheck.

Let's talk about how you can avoid being thrifty and living paychecks.

Each day we have to think of the money coming in. And then we have to give the money some job. Because this way we can have price managed by the expenses that we make every now and then. Because less you spend the less you have to worry about the expenses that you have. In short the cycle that you go through while you are broke, you understand what not to spend on and how to avoid the expenses in short.

Take another example where you are saving into the instruments that give you some sort of the return of investment. This way you would be able to get some value for the money spent. And it can even pay your groceries and the items that you wish to purchase or want to spend on. Which can turn out to be a good investment if you are trying to avoid the paycheck lifestyle.

You have to invest, reduce spending and also bring in new income. When you do that you would be able to break free from the paycheck cycle. This in turn would make you live on better budget and you learn better habits too. Which should be your goal and the grand scheme to aim for as well. This is something we can even discuss in future posts.

So how did you managed to come out of the paycheck cycle?