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What do you consider living "Paycheck to Paycheck?"

N

Nutdotnet

Diamond Member
I did some estimates of future bills after my college graduation and it looks like I'll be living pretty much paycheck to paycheck. Well, what I consider "Paycheck to Paycheck"...being conservative I'll have $500/month to spend on food, gas, and "miscellaneous" (at least during part of the summer months, winter will be at least a hundred higher).

I consider this living paycheck to paycheck. $250 per paycheck isn't a heck of a lot to spend on grub and gas, especially in Alaska.

What do you all consider living "paycheck to paycheck".
 
Living paycheck to paycheck means having just enough money to get buy with the basic necessities (food, travel, utilities, housing) and aren't saving any money.
 
Anytime you're paying incoming bills with your next paycheck and not being able to save much for future bills.
 
Living paycheck to paycheck is never having enough money to buy anything outside of bare basics (food and living space).
 
You need your next paycheck to come or you won't be able to sustain your life (ie. no savings to fall back on)...
 
If you have to use your current paycheck to get by for the month, you live paycheck to paycheck. I definitely live paycheck to paycheck.
 
Originally posted by: KLin
How many hours per week are you working?
Click to expand...

This is 40 hours a week (full-time job). I'll start once I graduate in May, and while I'm not 100% certain what my starting wage is I'm assuming it'll be a little higher then what I'm getting now.

For me, it's still an estimate...and a conservative one @ that. I may end up having $600-800 a month for those type of expenses depending on my final wage, my actual student loan payments...whether or not my rents are gonna help with those payments, etc. Plus my vehicle insurance is a little goofy. Winter months it's next to nothing, summer months it around $200 for four months and I don't pay anything the last two. My estimate came from me paying $200 a month in car insurance.

You guys are right...I was hoping, out of college, I wouldn't have to do that...but it looks like I may, at least for a while.

Oh yeah...GO A's!!! 😉
 
To me it means basically not saving any money, whether that's caused by having low income or just spending all of the money you do make.
 
Originally posted by: Nutdotnet
I did some estimates of future bills after my college graduation and it looks like I'll be living pretty much paycheck to paycheck. Well, what I consider "Paycheck to Paycheck"...being conservative I'll have $500/month to spend on food, gas, and "miscellaneous" (at least during part of the summer months, winter will be at least a hundred higher).

I consider this living paycheck to paycheck. $250 per paycheck isn't a heck of a lot to spend on grub and gas, especially in Alaska.

What do you all consider living "paycheck to paycheck".
Click to expand...

Not saving money and being broke before your next paycheck hits the bank.

 
A lot of people at work does this. They have absolutely no money in the bank for rent. If accting makes a mistake and delayed their pay check, they're in shed. And it's not like they're on mexican wages. They make pretty good money compared to the avg. They just don't know how to save money.
 
Originally posted by: jjones
To me it means basically not saving any money, whether that's caused by having low income or just spending all of the money you do make.
Click to expand...
:thumbsup:
 
Originally posted by: Fike
Carrying debt while not saving money.

Payout of money is equal to or greater than income.
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Someone doesn't have to carry a debt to be considered "Paycheck to Paycheck". Living "Paycheck to Paycheck" doesn't even have to do with being able to afford the bare necessities.

Someone who brings home a fat paycheck can be "Paycheck to Paycheck" if he or she spends every single penny of it to sustain his or her lifestyle. If someone makes next to nothing but lives a frugal life and buys the bare essentials but is able to save money each month, that person is not considered someone who is "Paycheck to Paycheck".
 
As long as you live in the US, you will live paycheck to paycheck no matter how much you make. As your income increases, so will your debt.
 
Originally posted by: Dacalo
As long as you live in the US, you will live paycheck to paycheck no matter how much you make. As your income increases, so will your debt.
Click to expand...


Ahmen to that, - but it's just not in the US. I'd say any developed nation.
 
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