I used to take pay days for granted. It was exciting to finally get paid after working so hard for two weeks. We didn’t do anything extravagant with our paychecks, but we definitely spent them without a plan in place on both necessary and unnecessary expenses.
© iQoncept / Dollar Photo Club
My biggest mistake? I wasn’t sitting down on pay day to get the most out of each paycheck, and we paid for it over the long term.
We could have had more in savings, we could have spent less on unnecessary expenses, and we could have done smarter things with anything that was left.
I am willing to bet that you, too, can do more with your take-home pay than you think. It just takes 4 steps each and every pay day to come out ahead and stop living a paycheck to paycheck lifestyle. Maybe it will take some sacrifice or some dedication to budgeting, but you will be so amazed at all the things it will allow you to do over time.
Are you in the same situation as I was? Head over to The Budget Mama to read my guest post, How to Handle Your Money on Pay Day. It is part of the 21 Days to a Better Budget Series!