NO MORE LIVING PAYCHECK TO PAYCHECK! How to stop living paycheck to paycheck on one income
Вставка
- Опубліковано 21 сер 2024
- Hey loves! In this video I’m breaking down 6 steps to stop living paycheck to paycheck on one income! When I started my debt free journey I knew that I had to break out of the paycheck to paycheck cycle and after a few years I was finally able to by creating a budget, saving money, leveraging refunds, and continuing to pay down debt.
It’s super important to build an emergency fund to keep you from falling deeper into the cycle, as well as work on way to increase your income.
🤑Download my Financial Dashboard spreadsheet!! 8708492926377....
______________________________________________
Sound by: www.zapsplat.com
______________________________________________
.
Related videos to check out:
Why your budget is failing + how to fix it: • THIS IS WHY YOUR BUDGE...
How I paid off over $27k in debt as a single mom: • I PAID OVER $27K IN DE...
How to stop spending money you don’t have: • STOP BLOWING THROUGH Y...
.
.
______________________________________________
Disclaimer: I’m not a financial expert, accountant, or anything related. I am not qualified or certified to give financial advice. This channel’s content is not to be construed as personalized advice. However, I am sharing my personal experience and individual opinions. If you are looking for financial advice, please seek the service of professional advisers. - Навчання та стиль
![Дон ДОН, Алаудинов и СБЕЖАВШИЕ из под Курска ахматовцы 😁 [Пародия]](http://i.ytimg.com/vi/dEfCf5IK26Q/mqdefault.jpg)
🤑Be sure to download my Financial Dashboard spreadsheet to help organize your finances: moneybossmama.mykajabi.com/monthly-budget-spreadsheet
Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated
@@Alexedmartin Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I’ll advise you do get a good Investment advisor for yourself.
@@ugojazzy7812 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@Alexedmartin look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@ugojazzy7812 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
"Failures are your feedback". Amen.
I heard that once and it stuck with me!
100% my new daily quote
Such a healthy and resilience promoting phrase!
I can relate. Any extra money, tax refunds, surprise money always goes to debt now. I still feel gratification though. I’m obsessed with seeing my debt numbers go down!
Me too!! It’s so satisfying.
Stay in it. Being debt free is amazing
You got this, destroy that debt!! 🎉🎉🎉
One thing I've found that helped me with credit cards is paying a small amount every week.
No more living paycheck to paycheck :
1. Master your budget
2. Continue paying off debt
3.Stop increasing your expenses
4.Set financial goals
5.Save for a financial emergency
6.Continue to climb the ladder
Ladder * 😊
@@blackbutterfly233ify thank you for the spell check
Yea I was in the same situation and paid off 70k using the debt snowball. It was HARD!! Alot of focus and living by the budget was my guiding principle. Nice video earned my sub!!
It’s ROUGH but so worth it. Thanks!
First of all .... Let’s talk about her natural beauty 😂😭 Like omg . Love the pretty glowing skin , with the natural looking lashes .
Thank youuuu😭
Thank you for making this video. This was one of the first videos I watched when I searched how to stop living paycheck to paycheck. I'm a single mom. I first watched it about a year ago and used a lot of the tips, especially the job tips: meeting monthly stats and trying to move up to make more money and budgeting. One year later, after following this advice I have stopped living paycheck to paycheck because I got a much higher paying job at the company I already worked for.
Raise your 401 k contributions to 15 or 20%. You will end up a millionaire! Go for it!
I’m on a debt free journey also and I’m here to tell you the snowball method is definitely the way to go !!! Because once I paid off one of my credit cards (I have 3) I was soo excited ! Seeing it at $0.00 motivated me to keep going !!
My wife and I are both educators and knocking on the door of being millionaires. It’s possible!
Just discovered your channel. I agree with all of these things so much. This past year has been the year I finally create and stick to a budget. I went from 14 K in debt and now I have 7K remaining and all of that will be paid off by the end of next year. Most of it will be paid off by this time next year. I am very excited. I have also saved over $1200 in the past 6 months. I'm a paycheck ahead, I have sinking funds for everything and I'm doing well. It's freeing to have a budget. It save and not to spend unnecessarily. Great video and I've watched a few others. New subscriber.
You know I learned how to stop living from pay check to paycheck back I’m 2019 20 and 21. Now I’m here with my envelopes set up and for months I have been adding the envelope totals to my budget. I am working a part time job with 4 bills and I am tired and ready to get back to saving .
i've tried to encourage some single mom friends, but their response has pretty much been "i don't have enough money to save/budget/xyz." i'm single but not a mother and i learned quickly to back off, because i don't want them resenting me even talking about it, since i'm not in the same position. i suggested to one of them to put aside at least 10% of upcoming stimulus check(s) to start her emergency savings fund. she told me that her son (graduates h.s. this year) is her emergency and that she's living check to check right now. i didn't say anything. i just thought, girl we're talking about "free" money. you can't put aside 10% of it for an emergency fund, that's $0 right now?! sigh...that was the last straw for me. just like okay, girl.
Would've loved to have a friend in my corner like tht
She could of put something away most of them just wanna waste their money on stupid stuff
You should back off. You have no idea what being a mom is like and you aren’t at all qualified to talk about budgeting to someone who actually has responsibilities
The money probably went to pay debts.
it went towards bills. i learned afterwards that she was basically under water because she opted for a medical coverage that cost her. . . $400 per pay! we talked about the reality of her using that company's coverage. so i hope she changed with this year's open enrollment, just to give herself room to get & stay current in regular bills.
This young lady is wise and on her way to being a millionaire. She has made SACRIFICES. This is what it takes to create WEALTH. She can also run any BUSINESS.
Great Advice.. girl I’m all over the place With my budget, I’m a compulsive person and that’s not good for being frugal with your finances.. I’m working though it though, one day at a time.. thanks again for this video it makes a lot of since ❤️
You've got it! One day at a time. It's all about mindset.
Yes I have money leaks and very compulsive, but I am getting better at it
The last 5 mins were the best part/advice. Something unique and helpful.
This video is Spectacular! I pray whoever comes across this video sees there are choices and you get to choose how u live your life.
Positive reinforcement and being
Real Selective about who u hang around will also make it fun and exciting to
get Out of debt, have a healthy emergency fund, have A Financial Cushion to brainstorm,to envision, to take a chance and go for your dream....
Sometimes living paycheck to check
sucks the light and joy out of life.... hearing this great message and passing it on is how positive shifts reverberate and u might see that sharing and inspiring someone else will be so amazing!
I want to add that we don’t realize that one of the worst things ( even worse than living paycheck to paycheck) is a sudden loss of work....
Ladies, please go by a local homeless shelter, spend some time and Listen to how many women end up in such dire situations....( bring a nice item to give if u can)
Even when we assume we can fall back on family or friends, it’s not always true or a comfortable environment, not to mention Super Scary to lose your home....
Thank you so much .... this video made my day
Ana Sophia
Thank you!
@@DyanaMariie Hi
Loved when you said lifestyle creep is like robbing yourself of a raise
Today, the new payment company made a mistake on inputting my account number. I woke up to so many payments defaulting because I'd counted ok exactly that amount. I realized I don't make a lot but I have to make a change. Thank you. This morning I was like erratic at work! I realized I can't continue living on the adrenaline of maybe not having anything tomorrow. Thank you.
You are down to earth and your budget videos and story to get out of debt are realistic. Your not just on here waving hundreds of dollars around pretending you had it all together
Spot on with lifestyle creep!! Ive done it too many times in my life😩
Sameeee!
Thank you so much..this video really help me be more normal..I make 100k take home and feel tired and stressed out..fancy things don't make me feel any better..watching my kids smile brings more joy to me.
What type of job do you do ? If you don’t mind me asking
"You stole your raise from yourself" excellent point!
Men are listening also,this is good stuff Thanks
So helpful! Thank you! I just graduated college and have 33,000 in student loan debt. I feel like I have a huge weight on my shoulders and it’s stressful but I know I can do this
Sarah thank you so much ❤️
You've got this!!! I wish I could scream this and you could hear me! I felt the same way when I graduated. You don't really know "how" you'll do it but you do it anyway and then you look back after some time and think, "dang I really did that!"
Money. Boss. Mama thank you so much!!! Your videos have really been encouraging me! You’re the best! Keep up the good work!
Based on this election and strife going on .. if you are broke , unemployed or currently in a dire need of some kind of stimulus
Feel free to message me I’ll be sharing 10 grand between the few people that message me on IG tony_feeney1
I’m just tryna help 🇱🇷
Hope you get that forgiven, and just will have to only pay taxes on what you had forgiven
You are so effective in putting the message across.
Agree and emergency account should be at least $1k to $1500 I needed a new car battery(AAA) ..$200, dog health emergency xrays alone $500. It takes me about 2 yrs to swing the money where i want it on a single income to really get on track. I started savings sub accounts fill them up set goals on each then end of yr pull the money out start again. When goals are met close that goal and start another. Now focused on being at min. 1 mth ahead. Also any credits from Amazon, WM+ membership ( rewards), ibotta, fetch go into a envelope of gift cards. Hope to use when we move for meals, gas and incidentals along the way..sorta backup to move savings.
Oooooo you went DEEP with this one! Thank you for the great vid and motivation to level-up.
Welcome! I try to be thorough!!
No such thing as failure, it's just disguised as a lesson learned! So proud of you! ❤️🙏❤️
Thank you!💕
You are wise beyond your years. A+++++++++++++++ Keep up the good work!
I watched this before, but today I kept seeing it. Now God was telling me to rewatch to stay on the grind.
Very helpful working on paying down our car debt right now!
That’ll free up a good chunk of money!
I hope and pray things change for me and my children…..Im literally sick and tired of being sick and tired……I’ve been in survival mode for so long 37 years old and I finally have a better job now maybe with consistency I can see change……Louisiana is so racist smh…..I watched ur video in entirety ❤
One pay check at a time, I WILL MASTER MY BUDGET, thank you !
In order to tackle debt , you need to make more & spend less...live below your means. We are a consumer debt free family. We don't use credit cards unless we have the money in the bank to pay for it such as online purchases. We use our debit cards. My Costco executive membership is free because I've chosen to buy in bulk & use my cash back reward check for the membership fee. Once you pay your bills, save what's left. Take a side gig. Or extra shifts. This is how we got out of debt. Stop using credit cards or you will never get out of debt !!!
Thank you for the tip on "lifestyle creep." I'm definitely going to have to apply this advice in my life. 😩
Starting from 0 so this is what I needed.
SUBSCRIBED! Because of this video.
Totally agree about what you say.
And you are so right. Woman especially don't know their worth.
Don't settle for poverty wages $11and under... Did you know $22 to $24/hr would just take you barely above that. Invest in yourself. Learn all you can.
Hopefully someday soon, our government will catch up with other countries that see the value of free education college and allow people to gain skills to better Americans
Agreed! We've got to see ourselves as worthy!
No doubts , a good way of growing and saving your money is through investing . You don't need to have much before you can invest.That little money you have now can make you millions if you invest it wisely. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
I wish I found your content earlier in life. End of March 2021 I got a new job which paid 11.65% more than my previous job and I began to fall into spending that increase. I'm now reevaluating my spending habits and am quickly realizing where I made my mistakes. Thank you for making these amazing videos, they are truly helpful!
Thanks for putting this video out! It was really useful advice! 💖
Glad it was helpful!
thankyou for doing this for us i appreciate it i’m trying to learn how to manage money before college
No problem! Let me know what you’re struggling with!
What advice can you give if your rent is basically taking 70% of your pay. Like you need a roof over your head, and after paying rent, I don’t have much left to save like literally none left.
Either extra job/side hustles if possible for more income or try and find a cheaper place to stay if not both of these things.
There is no advice. You see, privileged people who have salaries in the realms of 70k and up, are not socially aware of what it’s like to never ever have access to that type of pay. I’ve had quite enough of salaried employees thinking that they can spread their bullshit on to everyone. Those of us who will NEVER see a salary like that don’t have the ability to budget. My checks are around 600 and that’s bi-weekly. Between me and my friend, we still cannot afford rent. There are days we can’t even buy food so when I see people who are salaried trying to give US advice? It’s hilarious. We can’t budget what we don’t have and they don’t understand that
@@MB-xv7er if your income is low, then you qualify for public assistance.
@@MB-xv7er the advice would be to increase your income. You will get there. Don’t settle for $600 no biweekly start applying. If you don’t have any experience, go to school or get a certificate so you can increase your income
Checks when I got in wrecks lol I enjoyed your sincere advice and will be watching more
Gotta keep it honest 🤣
“Failures are your feedback.” I love that! Thanks
hi do you have any videos about how to save AND pay off debt at the same time
I can definitely make one!
Hi hon
I was doing so good… but I don’t know why I let myself overspend this month…
My weakness is clothes, shoes and handbags…
Isolation due to covid has affected me in a very bad way. I chose not to wear a mask and this kept me home for more than a year. I tried reading and calling family, but I distracted myself too often by online shopping. To be honest , I love following several people on You Tube that do fashion and purse hauls. I have bought things I had never even knew about. ( vintage Chanel handbag that I am still trying to think where I can wear it…. It was a purchase I could of thought about in a year or so) .
The last few weeks have been much better is South Florida and I have gone to stores and enjoyed talking and buying with salespeople.( I was so happy having social interaction)
I am listening to all your UA-cam videos to get on track.
I am also looking for xtra work to be busier.
Even though I did major damage to my savings, I did also pay off a $2000 balance and close a store account.
Thanks for your clear , direct conversations on money. I am going to get back on track starting today.
Wow! Hope you are doing ok. I just started after months of unemployment and I immediately wanted to pay new stuff, new phone,... 🤦🏾♀️then I stopped and started watching videos about being debt free. I am even thinking about selling items that I never use to make extra cash. You can do the same🤷🏾♀️❤
@@danielen359 I am trying…
I posted clothes on Poshmark
and I took a job I was offered to sell insurance… I can work part time … I am committed to growing and doing events again for Curvygirlzrock…and auditioning for acting
@@curvygirlzrock8836 oh great👏🏽👏🏽👏🏽 I am sure you will work it out. I am rooting for you🙏🏽
@@danielen359
Hi hon
Was thinking of u this morning
Hope your kids are happy and enjoying a new school year…
I am better…
Even enjoying getting dressed and putting on my makeup….
Hope u have a very nice day
Ana Sophia
@@curvygirlzrock8836 thanks, Ana Sophia. I am doing well but still trying to diversify my sources of income and get rid of debts. I don't have any kids but I am a proud auntie of nephews and nieces happy to be back to school. So happy to read that you are doing better. Make up and dressing up are great to improve confidence. Great things are coming your way!😊
Great video Queen🎉❤
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way.
👍💯
@Christiana Rawich personally i think 1M is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal
@Valice Mark yeah. When looking for financial advisors, fees and commissions are important considerations. There are financial experts out there who, regardless of how little you wish to start
@Monica Dawin I work with Rachel Blanc her services are cost effective and very efficient. I recommend her to anyone, anytime any day. She's competent you can do your own due diligence.
@Monica Dawin Growwealthywithrachel
Neeeed those lashes!! 😍😍 WHATS the name?
Right now I’m working on changing career fields by teaching myself. It’ll take time but I believe it’s going to happen!!!
Claim it! I got my foot in the door at my company by working a low paying job for 3 years so I could learn the ropes. Check out @rosegoldxolash on Instagram! My old high school classmate runs a lash company now and they’re amazing!
Girl you are incredibly helpful! I am now subscribed to you and am hoping to watch and rewatch your content to help drill things into my head when it comes to finances.
Loved this! So many good ideas that I haven’t seen a hundred times. It is hard to save that tax refund, but it’s so important! New sub here excited to binge your other videos now :)
Needed this motivator
As long as I have a mortgage, car payment, Home Depot card I’m leaving paychecks to paycheck. Just my opinion, when those things are paid off, then I get to keep my money 💰, no more paycheck to paycheck.
@Msdee Natural...that's a great comment. Are you able to live off less than you make? I ask because that's one way to save 💰 money. 🙂
@@Prd64twl At the moment no. I do budget and live a frugal lifestyle. Every month it’s always an expense. I only spend money on necessities. On occasions I will treat myself, kids ect... I did read that verse, I love that whole chapter.
I LOVE this video!
Your voice is one making moves ✔️❤️✔️
This was exactly what I need today 🙏🏼. Thank you for sharing 🙌🏼
I just found your page. I love you already girl!! But I needed this. Thank you! I’m on the right path, I just get scared and sabotage myself and I hate it bc I’d be doing so good. But I want to have my second bby soon so it’s time to get it together. Thank you babe!
Thanks for helping people.
omg! so many 💡 moments! one of the simplest but make sense videos I have watched. Her mentality seem to be coming from a “ bountiful” mimdset. Ty!
Lifestyle creep is called Parkinson’s Law. The need will expand to the means. Some really great insight. Thank you for the video! ❤
You are inspiring 😊 greetings from Germany
I so feel this! I am so glad I found this video!
I’m glad it was helpful!
These are impactful tips. Living pay check to pay check is not a good lifestyle. One can also use a meal plan and have side hustles. Thanks Mama
Thank you. New subbie.
This video is literally the best advice! I have watched tons of videos and this one was by far the best! Thanks so much!
You have to act poor to stay rich like some people say ❤
This is the best video I've seen thus far.
That’s still better than a negative balance. I need to move from Hawaii?
Your nose is so pretty and I love your big eyes
Thank you!
Awesome! Video
Thanks!
I know u said u help women. But this has been a great video to help me out as well. Thank u for helping ppl out. Especially women...I know they tend not to get financial advice/help from peers or family. Nor know where to start. Keep bein dope.
I'm so glad!
Great video!!!
You are amazing and thank you for what you do and who you are. Blessing us with information
Thanks for the tips. Learning to save!
Very inspiring thank you
Thank You.
This was so helpful 💙 thank you for sharing
I think your videos are awesome!👍🏾
Thank you!
Amazing video ♡ Thank you for sharing you knowledge and experiences 🙏
Anyone reading this, if you haven't repented yet, please REPENT, FOR THE KINGDOM OF HEAVEN IS AT HAND.
Lord Jesus✝️have mercy on you🙏
I LOVE YOU JESUS✝️
I'm obsessed with that candle holder🎯 another great video❤
Very good advice Ian on it I always pay myself 1st 🥇
I really needed this video!!!
Money boss!! Great video!! I just subscribed
Your videos are so helpful and so encouraging! I really appreciate all of your advice and I am loving all of your videos. Thank you!!
This was so helpful. Thank you. Exactly what I was looking for
Thank you so much 😊 for this video sister. I appreciate it so much.
Thank you!
Very good tips. It sucks living p2p I can't wait to get out of it. Jamaica doesn't make it easy to do that😕🙄
Is the cost of living high there?
Thanks for sharing New Subbie❤️
Super helpful! Thank you
Great knowledge! Thank you for sharing 😊
I really love your content!
That lifestyle creep is real. I recently had to go back over my budget because my job stopped letting us work overtime. I was spending more when I was able to work overtime but had to cut out all that extra stuff out. Good thing UA-cam is free lol Will have to get a part time job or some other way to make extra money though.
Great video! Really learned a lot
Love your channel. You should look into becoming a professional broadcaster. You have a certain flair.
Great tips sis! God bless you.
New here, this video was very helpful.
Glad it helped!