Paycheck to Paycheck

This means that you rely on your next paycheck from your job for basic financial expenses like paying bills or buying food

It’s important to avoid unnecessary spending

It’s very easy to think something along the lines of: Now that I have a job, I can afford to up my lifestyle, and purchase more things etc

Unfortunately, this leads to a higher lifestyle of spending money, which leads to less money being invested/saved which in turn can be financially hurtful

Moreover, some of the people who live “paycheck to paycheck” do so because they end up spending a lot of money on their lifestyle

Keep a track of your personal finance budget! If you’re aware of how much money you are spending on groceries, rent, miscellaneous things, then you will be less likely to spend it on unnecessary items

Budgeting lets you understand how much money you’re saving & investing in the future