Escape Living Paycheck To Paycheck #073
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 27 March 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Nearly 80% of Americans wouldn’t be able to pay their bills if they missed a paycheck. When you’re used to living paycheck to paycheck, the idea of setting aside some extra money is almost laughable. How do you even consider setting financial goals when every dollar you make is already going somewhere necessary? In this episode we talk through how to choose to set goals regardless of your financial situation. The goal of an emergency fund for some breathing room and financial cushion is the very thing that will allow you to still pay your bills if you miss a paycheck! Even saving $1,000 can be enough to end the cycle and allow you to escape that paycheck to paycheck lifestyle.
During this episode we each enjoyed a Roast Beast by Modern Methods which you can find on Untappd. A huge thanks to Krista for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts, Castbox, or wherever you get your podcasts- we’d love to hear from you.
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Transcript
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| 0:00.0 | Welcome to How To Money. |
| 0:01.5 | I'm Joel, and I'm Matt. |
| 0:03.3 | And today we're discussing how to escape living paycheck to paycheck. |
| 0:07.2 | Alright Joel, I am excited to talk about living paycheck to paycheck. |
| 0:29.7 | You know, we've gotten a lot of emails recently of folks writing in, talking about how that's |
| 0:34.2 | something they struggle with. |
| 0:35.2 | And oftentimes the topics we cover start from the assumption that you do have a little |
| 0:39.0 | bit of cash, you know, to start investing, to start putting towards those goals that |
| 0:42.4 | you have set. |
| 0:44.1 | And so today, yeah, I'm excited that we're going to be able to step back a little bit more |
| 0:47.9 | to talk through how to take those steps to get a little bit of financial margin in your |
| 0:51.6 | life. |
| 0:52.6 | Yeah, Matt, I know there are a lot of people living in a scenario where they're living |
| 0:56.0 | paycheck to paycheck. |
| 0:57.0 | It hurts my heart to hear about that. |
| 0:58.3 | And I'm looking forward to hopefully providing some of those practical solutions. |
| 1:02.3 | So I'll click though I wanted to mention there was an article posted in our Facebook |
| 1:05.4 | group by Heather and the article she posted was called, is it an expensive bike or inexpensive |
| 1:11.0 | transportation? |
| 1:12.0 | And I thought it was super helpful in kind of reframing the conversation around riding |
| 1:16.5 | bikes. |
| 1:17.5 | And we've talked about this before on the show, but that article in particular was just |
... |
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