Comments on: HOW TO AVOID LIVING PAYCHECK TO PAYCHECK http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/ Educate, Inspire, Motivate for Wealth in Money & Life Sat, 04 Feb 2012 05:40:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Best of BarbaraFriedbergPersonalFinance; 6 Month Anniversary Edition | Barbara Friedberg Personal Finance http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/comment-page-1/#comment-3265 The Best of BarbaraFriedbergPersonalFinance; 6 Month Anniversary Edition | Barbara Friedberg Personal Finance Tue, 24 Aug 2010 17:59:29 +0000 http://barbarafriedbergpersonalfinance.com/?p=251#comment-3265 [...] here to read [...] [...] here to read [...]

]]> By: Personal Finance Links – Give Away Edition http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/comment-page-1/#comment-1206 Personal Finance Links – Give Away Edition Sun, 13 Jun 2010 17:48:37 +0000 http://barbarafriedbergpersonalfinance.com/?p=251#comment-1206 [...] “How to avoid living paycheck to paycheck” by Barbara Friedberg Personal Finance. [...] [...] “How to avoid living paycheck to paycheck” by Barbara Friedberg Personal Finance. [...]

]]> By: Barb http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/comment-page-1/#comment-419 Barb Sun, 16 May 2010 17:50:22 +0000 http://barbarafriedbergpersonalfinance.com/?p=251#comment-419 @Everyday-Keep up the financial literacy advocacy- it really does make a difference. @Kevin-DEFINITELY-saving 10% of pay is step 1!! (I'm working on the spam, thanks) @Timothy-I agree, the psychological tricks of saving are REALLY helpful. "Nudge" by Richard Thaler wrote a whole book on it! Thanks to all commenters for taking the time to visit and add to the community! Barb @Everyday-Keep up the financial literacy advocacy- it really does make a difference.
@Kevin-DEFINITELY-saving 10% of pay is step 1!! (I’m working on the spam, thanks)
@Timothy-I agree, the psychological tricks of saving are REALLY helpful. “Nudge” by Richard Thaler wrote a whole book on it!
Thanks to all commenters for taking the time to visit and add to the community! Barb

]]> By: The Wealth Artisan http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/comment-page-1/#comment-355 The Wealth Artisan Thu, 13 May 2010 15:56:02 +0000 http://barbarafriedbergpersonalfinance.com/?p=251#comment-355 Hi Barb, Absolutely heartbreaking to hear this because I know that those people are being taken advantage of. Some people can justify it by "they should know better," but if you haven't been taught then you won't know. One thing I suggest to people with a checking account that live paycheck to paycheck is kind of a psychological trick. I tell them "if $0.00 is the bottom of your checking account and you don't go past that, then why not give yourself a new bottom to the account? Make $1,000.00 your new $0.00. Don't go below $1,000.00, or you're overdrafting (per se)!" It gives a much different perspective to some people. If you can manage to draw your account down to $0.00 without overdrafting, then why can't you draw it down to a new imaginary $0.00 of $1,000.00? This has helped a few people I know. Thanks, Timothy Wealth Artisan Team Member http://WealthArtisan.com Hi Barb,

Absolutely heartbreaking to hear this because I know that those people are being taken advantage of. Some people can justify it by “they should know better,” but if you haven’t been taught then you won’t know. One thing I suggest to people with a checking account that live paycheck to paycheck is kind of a psychological trick.

I tell them “if $0.00 is the bottom of your checking account and you don’t go past that, then why not give yourself a new bottom to the account? Make $1,000.00 your new $0.00. Don’t go below $1,000.00, or you’re overdrafting (per se)!” It gives a much different perspective to some people. If you can manage to draw your account down to $0.00 without overdrafting, then why can’t you draw it down to a new imaginary $0.00 of $1,000.00? This has helped a few people I know.

Thanks,
Timothy
Wealth Artisan Team Member
http://WealthArtisan.com

]]> By: Kevin@InvestItWisely http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/comment-page-1/#comment-330 Kevin@InvestItWisely Tue, 11 May 2010 15:39:37 +0000 http://barbarafriedbergpersonalfinance.com/?p=251#comment-330 I never knew of people who didn't have a bank account... even when I was a dirt poor student and worked part-time I had a bank account, simply because you needed one if you wanted to get paid. Definitely, if you can help these people out, for sure the first step is to get them to start setting aside at least 10% of their income in a savings account and go from there. P.S. You should look into anti-spam ([Askimet and/or Spam Karma] + Bad Behavior). You have a few spam links on this post; they will kill your site if you don't control them. I never knew of people who didn’t have a bank account… even when I was a dirt poor student and worked part-time I had a bank account, simply because you needed one if you wanted to get paid.

Definitely, if you can help these people out, for sure the first step is to get them to start setting aside at least 10% of their income in a savings account and go from there.

P.S. You should look into anti-spam ([Askimet and/or Spam Karma] + Bad Behavior). You have a few spam links on this post; they will kill your site if you don’t control them.

]]> By: Everyday Tips http://barbarafriedbergpersonalfinance.com/how-to-avoid-living-paycheck-to-paycheck/comment-page-1/#comment-329 Everyday Tips Tue, 11 May 2010 15:16:15 +0000 http://barbarafriedbergpersonalfinance.com/?p=251#comment-329 It always breaks my heart when I see things like the long line you spoke of at Wal-Mart. I think saving is something that just isn't an option for some people. Not because they don't have the money, but because they just don't know how. Living week-to-week is the only way they have ever lived. I have shared PF tips with many people. But, some people just don't want to change. I will keep trying, but some habits can be very hard to break. It always breaks my heart when I see things like the long line you spoke of at Wal-Mart. I think saving is something that just isn’t an option for some people. Not because they don’t have the money, but because they just don’t know how. Living week-to-week is the only way they have ever lived.

I have shared PF tips with many people. But, some people just don’t want to change. I will keep trying, but some habits can be very hard to break.

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