Tuesday, December 7, 2010

Living paycheck to paycheck

Due to this economy, people are living paycheck to paycheck (and it includes me too). Although many people were living like that before, but this time the devastating recession has forced people to tap into their savings and other investments and just keep themselves afloat. And due to this most of us working class people are living paycheck to paycheck and we don’t have sufficient savings in case we loose our jobs. Is this good or bad. The answer is obvious, it neither and it is worse than the worst. Everybody is scared about their jobs, but they don’t have solutions to how to secure their future or how to save enough for a rainy day which can come anytime.

How to mitigate this solution would ultimately depend on different people, but start with spending less or cutting down on unnecessary expenditures, being patient with what you want to have unless you really have to and again having a second extra income on side on the weekends would at least help in reducing the stress of your work and worrying about what would happen if that dreaded day of a pink slip comes so that you can be prepared in advance.

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