Stop Living Paycheck to Paycheck
Are you living paycheck to paycheck? More than half of all Americans do.
One study shows that 60% of millennials who make over $100,000 a year live that way. ¾ of American workers are in debt and a third of all consumers have less than $1,000 in savings. Get off the paycheck-to-paycheck roller coaster by never spending more than you make. It’ll reduce your stress and free up money to use as God intended. Use a budget to help you track your income and expenses. Stop buying things you don’t need. Have you ever seen an adult with a pacifier? Buying nonessentials is like using a pacifier. Millennials, baby boomers and GenXers spend hundreds of dollars monthly on eating out, luxury items and excessive entertainment. Other pacifiers might be smoking, alcohol, sugar, or processed food – they’re costly, harm your body, and increase your future medical expenses. Confess and repent of misusing the money God entrusted to you. Ask Him to give you self-discipline so that you can embrace good habits. Then, resolve to stop using credit cards, payday loans, friends or family to bail you out. Can you increase your income? Seek a promotion or a part-time job. Just remember, it’s not what you make, but what you keep that provides real financial margin. Also: Never spend more than you make. Trust God and give generously. Pay down your debt. Build an emergency savings account.
And if you’re living on the edge because of credit card debt contact Christian Credit Counselors. They’ll create a debt management plan just for you. For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.