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How To Stop Living Paycheck To Paycheck

Most people, as Henry David Thoreau said, “Lead lives of quiet desperation.” The fact is many folks earning what looks like a comfortable income still live paycheck to paycheck. They’re one setback away from financial disaster – and they know it. Does this describe you? If so, this e-book may be just what you’re looking for. It lays out a clear plan that puts all the financial information together into a step-by-step path that you can follow to turn your financial life around. This e-book helps you acknowledge your current financial state, encourages you to know figures such as your total income and what you pay out monthly, helps you stop unnecessary spending today, and shows you a savings plan you can start now.

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How To Stop Living Paycheck To Paycheck

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  1. How to Stop Living Paycheck to Paycheck A Step-By-Step Action Plan

  2. Learning Objectives • Recognize the importance of knowing your income, debt and savings. • Increase awareness of frivolous spending and how to decrease/eliminate such spending. • Find sources for money you can start saving now.

  3. Learning Objectives • Understand the necessity of paying off debt. • Discover creative ways to earn extra money. • Learn how to use part of your savings to erase debt. • See how following a budget can benefit you.

  4. Follow these 8 steps to Stop living Paycheck to Paycheck forever

  5. Step One: Acknowledge Your current Financial State

  6. Step TWO: Know Your Income Amount and What You’re Paying for each month

  7. “Many people are in the dark when it comes to money, and I’m going to turn on the lights.” Suze Orman

  8. Step Three: Cut Excess Spending Today

  9. Step Four: Start Saving Money This Week

  10. Step Five: Begin Paying off your debt A secret to stop living paycheck to paycheck is to reduce your debt so you’ll have cash if you need it

  11. Get down to Business and Pay off your debt. Although this step will be tough, it’s an important aspect of liberating yourself.

  12. “It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.” Ron Lewis

  13. Step Six: Earn Extra Income However You can • Examine all your skills and abilities with an open mind. • You’ll be pleasantly surprised to learn that people will pay you to do those services for them. • Read on to follow strategies that will lead you to financial freedom.

  14. How to Earn Extra Cash

  15. “Early to Bed and early to rise, makes a man healthy, wealthy and wise.” Benjamin Franklin

  16. Step seven: Use Half and Save the other Half of your savings Apply Half Toward the debt you’re paying off

  17. How to Manage Savings: • Apply half of your total savings toward the debt you’re paying off, in addition to the payment you’d normally make. • Leave the other half of your savings in the bank to accrue. You’ll be putting this money aside as an emergency fund.

  18. Continue Saving • Save enough for your 6 month emergency fund first. • Next, put aside $500 for a mini-crisis so if something unforeseen occurs, you’ll be ready. • Ensure you replace any money you use for a mini-crisis by continuing to bank your change. • Later, you can start a New Car Fund or a Vacation Fund if you like.

  19. Increase the amount you save whenever you can

  20. Draw up a budget and stick to it

  21. "The art of living easily as to money is to pitch your scale of living one degree below your means." Sir Henry Taylor

  22. summary will you stop living paycheck to paycheck?

  23. 8 Simple Steps • Acknowledge your financial state • Know incoming and outgoing dollars • Cut excess spending • Start saving money now

  24. 8 Simple Steps • Focus on paying off debts one by one • Earn extra income however you can • Use half your savings to pay debt and save the other half • Design a budget and stick to it

  25. “As sure as the spring will follow the winter, prosperity and economic growth will follow recession.” Bo Bennett

  26. We hope you enjoyed your Special Report! Curtis Roese is an experienced professional with extensive experience in personal finance and small business matters. Curtis writes and publishes articles, courses, guides and special reports on his personal finance blog. Common Cents Wisdom is a website with hundreds of informative articles, special reports, resources to assist you with all of your financial concerns and a free monthly newsletter. Sign up to receive your free eBook "Common Cents" and get started today on the road to financial freedom!

  27. This Free Course Includes: • A Complete 80+ Page, 16-Module Home Study Course in PDF format • Companion Worksheets and Cheat Sheets • Budget Helpers, Worksheets, and Trackers • Bonus Audio Interviews with Financial Experts • My Secret Resource List of Helpful Money Sites, Tools, and Calculators • Bonus #1: Boosting Your Value Without a Formal Education • Bonus #2: Building a Wealth and Prosperity Mindset • Bonus #3: 25 Ways To Protect Your Identity • Don’t Delay! Get Your Free Course Now!

  28. Sign Up ~ FREE Personal Finance Newsletter • “Finally… A High-Quality, Content Rich, No BS Newsletter • Written Specifically For Those Interested In Personal Finance” • What you can expect to receive EVERY Month by signing up: • Special Report – 10 to 20 page in-depth report on Personal Finance topics important to you! • Articles to keep you informed on a variety of topics relevant to your financial freedom. • Action Guides, Worksheets, Resources & Buyer Guides! • Monthly Financial Calendar to keep you organized and current with managing your personal finances. • Periodic reviews of Products and Services – Real Financial Solutions ~ Real Fast! • http://www.commoncentswisdom.com/newsletter/

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