More than have of Americans live paycheck to paycheck. A good friend of mine coined this paycheck to paycheck lifestyle “Broke-i$m!” Not having enough money to meet ones needs for the entire month is disheartening, trust me I know the feeling. However, millions of Americans live this way.
Why do we have numerous educational institutions, millions of people with college degrees and vocational certificates, but unable to make their paychecks last an entire month?
The cycle of financial problems have followed me ALL of my adult life! I struggled to maintain a good credit score, pay bills on time, save money, and get out of debt.
I would receive a lump sum of money, pay off bills, but then fall back into the same financial rut months later. I would develop a great budget and then never follow it. I would begin the month with the cash envelope system, and then use gas money to cover the grocery bill because I overspent at the grocery store.