The key to escaping living paycheck to paycheck is to not just spend less than you earn, but to save it as well.
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Actually, if you are spending less than you earn, where does the money go if not in savings? Are you going to tell your employer you will take a pay cut so your income matches your expenses?
Is it just me or does this seem like a ridiculous post? Where is the STING story?
Twice a month I would deposit my paycheck, pay my bills, and then look to see how much was left. Whether the surplus was $20 or $200, I made plans for it: comic books, video games, clothes, whatever.
But that's not spending less than what you earn, that's spending exactly what you earn.
Ok, so we should save, but in what form? IRA, Stocks, Savings Account, CDs? There should be more here...