How to stop living paycheck to paycheck will take time, sacrifice, and patience. The solution won’t be easy, and it might be counter intuitive. It will focus primarily on lifestyle choices, not on strategies to get more money.
How to Stop Living Paycheck to Paycheck
Since the apparent problem is a lack of money, logically, it would seem more money will solve it. But, it won’t. Money isn’t the obstacle. It’s your choices that led to debt. Money is the symptom.
For a short-term fix, you could try to change income or expenses. But for the long-term, first you should accept the principle to live on no more than current income. So, you need to look at ways to lower expenses. This starts with deciding to review your attitude toward money—what you believe about money.
Your attitude decides your behaviour. And your attitude and behaviour results in specific consequences (a+b=c). You might think your income is low, but that’s relative. The key issue is to accept who you are, where you are, and what you have (Hebrews 13:5, 2 Kings 4:1-7) as the basis to build and move on.
We can learn much from Oseola McCarty. I encourage you to take a moment to read about Oseola McCarty. Her story will encourage and bless you. (more…)