Pay check to pay check
April 27, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan and we’re here to talk about money.
M How would you answer this question: With my next paycheck I will . . . . Even though our economy is thriving compared to many past years, 74% of Americans say they are living pay check to pay check. Why are so many feeling this pressure that they can’t look further with confidence?
V Over the past 20 years, median household incomes have barely budged. Looking closer, the answer varies by stage of life. Many millennials are struggling under student loan debt. Many, in later seasons have home equity loans for home renovations, vacations, and funding children’s activities as well as schooling.
M Proverbs repeatedly advises us to plan. Revise the spending plan, give expenses a hair cut and save.