Living Paycheck to Paycheck

So how many of you have spent your whole pay before your next one came in? C’mon be honest here?

I have and I have for a very long time. Once I managed to get myself into debt I was using one pay to pay off the debts and bills that were due in the previous one. And if I was able to spend any money in the mean time I would. I had no compunctions about spending what I made and the money I had made in the upcoming pay. Very quickly I found my credit limit going up. Let me tell you when you’re debt ridden and making decent money credit card companies want to give you more credit.

Why do they do this? Well because if you make a certain amount and can keep paying your minimums they’re sitting on gravy for as long as you’re that far in the hole. A lot of people end up where I did and to some extent still am, living from one pay to the next with absolutely nothing to show for it other than debt.

Living from paycheck to paycheck is fine and dandy if you’re just starting out but I’ve been in the workforce for close to a decade and I’ve got nothing but debt to show for it. The stress this has caused me is considerable and still causes me stress. Then why live paycheck to paycheck? Well once you’re there getting out is a lot harder than it seems. It takes time to get out of that hole you’ve dug yourself. And yes somewhere along the line you learn the tricks of the trade that is know as using debt to pay debt and keeping afloat but that is a post for another day.

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