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I've heard this phrase...I guess I know what it means...But what exactly is the alternative? (For those who are not independently wealthy, but rather must earn their income...)
So where does splitting your check into spending money and a savings account fall into?
it doesn't...whatever money you have, is being spent on something...it may go in the bank at first, but it's basically spent before it gets there
Posted by BMD'sPeanut
So where does splitting your check into spending money and a savings account fall into?
I don't know if there's a term for that...but it's my understanding that if you are saving anything, you aren't living paycheck to paycheck. Right now we're trying to save as much as we can so that when we buy a house on LI and are so poor that we can't even afford to 'live' period even WITH our paychecks, we can tap into that savings for a while!
What if you have some $$ in the bank but you are not adding to it each payday. Is that considered living paycheck to paycheck?
6-12 months of income saved to cover your bills without a lifestyle change, plus socking $$ away on a weekly basis towards a retirement account = not living paycheck to paycheck for me.
Posted by heidla
Posted by BMD'sPeanut
So where does splitting your check into spending money and a savings account fall into?
If you are able to put some of your money towards bills and some of it into savings you are not living 'paycheck to paycheck'.
Posted by september2004
6-12 months of income saved to cover your bills without a lifestyle change, plus socking $$ away on a weekly basis towards a retirement account = not living paycheck to paycheck for me.
Posted by september2004
6-12 months of income saved to cover your bills without a lifestyle change, plus socking $$ away on a weekly basis towards a retirement account = not living paycheck to paycheck for me.
right now we have about 2 months of rent socked away without our paychecks....but we will be able to put away some $$ after all the bills get paid each month which is what we wanted
Posted by MrsTC
Posted by heidla
Posted by BMD'sPeanut
So where does splitting your check into spending money and a savings account fall into?
If you are able to put some of your money towards bills and some of it into savings you are not living 'paycheck to paycheck'.
Yes...this is called the American Dream! LOL![]()
Posted by kpny622
Posted by september2004
6-12 months of income saved to cover your bills without a lifestyle change, plus socking $$ away on a weekly basis towards a retirement account = not living paycheck to paycheck for me.
OMG, if someone is actually able to do this, please tell me how!!!
Posted by kpny622
Posted by september2004
6-12 months of income saved to cover your bills without a lifestyle change, plus socking $$ away on a weekly basis towards a retirement account = not living paycheck to paycheck for me.
OMG, if someone is actually able to do this, please tell me how!!!
Posted by heidla
Posted by kpny622
Posted by september2004
6-12 months of income saved to cover your bills without a lifestyle change, plus socking $$ away on a weekly basis towards a retirement account = not living paycheck to paycheck for me.
OMG, if someone is actually able to do this, please tell me how!!!
There are several ways.
1. Rob a bank
2. Rob a bank
3. Rob a bank
Posted by kpny622
5. Become a famous actress demanding $10million per movie
Posted by BMD'sPeanut
Posted by kpny622
5. Become a famous actress demanding $10million per movie
I see this happening for Heidi one day!![]()
