Many North Americans have a big problem. Its a problem that keeps them up at night; its one that can put pressure on families and can cause conflict.
That problem is the inability to make ends meet.
Living paycheck to paycheck is a big deal in itself. Not even being able to pay the bills and not having any room left over for spending and saving is no way to live.
I have compiled a list of things that you can do if you find yourself in this situation.
Get Another Job to Make Ends Meet
If you cant save any money or find any room in your current income to do anything fun for yourself or your family, it may be time to look at either yourself or a spouse getting another job. It doesn’t have to be full-time, and it does not have to be doing the same thing that you are doing in your day job.
Working even just a few hours more every week in a different job if your regular job doesn’t allow over-time pay can help a lot with your ability to meet the bills.
Cut Some Things Out to Help Pay the Important Bills
If you are looking at a choice between keeping your cable television or saving up an emergency fund, it may be time to cut the umbilical cord on your cable.
Nobody wants to give up cable, but it is a luxury, and if you cant afford to save money, then it should be seriously considered by your family.
If you’ve already cut that out, look for other things in your budget to cut out.
Ask for a Raise to Stop Living Paycheck to Paycheck
So say there is something in your life preventing you from getting another job, and your job that brings in your primary income is all you can work with. Asking for a raise (and getting it) can help make things more comfortable for you.
Look in to some tips to help you get that raise and approach your boss.
Downsize for Some Breathing Room
Its not just housing that should be downsized, but also vehicles If you cant make your payments, swapping your gas guzzler for a smaller, more fuel efficient car will help your budget.
If you are house poor, look in to down sizing your living space.
These things can help you make ends meet financially, so you don’t have to live paycheck to paycheck. What do you do to help yourself along?