I'm tired like many others out ther of working paycheck to paycheck. Arn't you? What can I do to change it!

Question

I work for a large retail store. My wife makes about 9.50 an hour. I do computer technical support on the side to make ends meet. What else is out there that can help someone get out of debts and make descent money. Nothing illegal of course. Well!

Answer 1

if haven't already done so... make sure you open up an IRA (ROTH or TRADITIONAL) in order to start saving for your retirement in the future. you should also open a 401k through your job and have them put the minimum that they match up to up to the 100%.

another thing you might want to consider is opening a savings acct (somewhere other than were you have you checking acct) and have your job direct deposit $50 each paycheck... or you yourself walk into the bank and deposit it. you need to NOT obtain an ATM card because this will alleviate any temptation of taking money out through ATM machines.

these have all worked for me and now i have extra money on the side...

as for your bills... you want to pay the HIGHER interest debt first, while making minimum payments on all others. THEN... continue paying the higher interest debt you have. make sure you cut your cards so you won't be tempted to use them anymore... then you'll slowly see that debt disappear. good luck (:

Answer 2

Heres what you need to do to get yourself out of debt and change your habits.

First start carrying a piece of paper with you and track everytime you buy something. Even if it's just a .50 or $1 item write it down. Don't cheat and do this for a few weeks.

Now sit down with all your bills, paycheck and that list. Figure out with paying the miniums on all your bills how much extra you have each month. You will then want to figure out which debt is accuring the most interest and pay all the extra money you have to it first. Keep doing this and when that debt is paid take that amount of money you where paying and add it to your next debt and keep doing that until it gone.

Also, keep in mind that you should be saving 10% for a emergancy fund. You should have 3-6month of living expenses saved up incase of a emergancy. This isn't money to go out with or on a shopping spree with, remember it's emergancy money.

Now, you will want to see what bills you can cut down on or get rid of. First look at that list and see how all those little items add up. Some ways to save would be to take coffee to work, take lunch and drinks to work, eat alot of soups, vegatables and pastas, cut your cell phone or home phone plan down, cut cable out or down, get rid of the internet, etc.. You see there are all kinds of ways to cut expenses.

Next, you might think of getting a second job or both of you getting a 2nd job. Take all that extra money and pay it towards the debt. Or maybe you have a extra room you could get a roommate for a year or so to help get back on your feet. Learn to live frugal and don't buy things unless its a need not a want.

This will help better you future if you can stick to this plan. But you might want to think of going back to school, get a certificate or join a trades union to better your income for the future. Also, you should get Dave Ramseys book "the complete money makeover" It will really help. Best of luck to you and happy holidays

Answer 3

If you are serious, visit http://www.team-approach.biz
Its not a get rich quick scam, it's not a pyramid.

If you are doing the same thing day in and day out, you're going to continue having the same results. Quick money my friend is always temporary. Not saying you do, but if you are always trying to make a quick buck....you'll always be chasing money.

That is what a job does for you. You exchange your time for $...but you can't have both. Right?

Email me if you are serious. This business will change your life, but you'll have to work at it. The results will be financial freedom, control of your time, and an incredible life for your family and you'll make incredible friendships.

Answer 4

Discipline yourself to save $50 a month every month and don't touch it. That is your money not anyone elses. Save that $50 a month for one year and you will have learned all you need to be good at personal finance. Then get a better job and save more. Trust me the better job and saving more will be easy after that year. You must decide that you will have money. Take no prisoners it is your future and no one cares about it more than you do.

Answer 5

My suggestion is to go back to school and get a degree or certificate to get a higher paying job and you will make more money. Alot of tech schools are short term and can be done while working. I have done this and I make decent money with my certification, and will soon go back to get a degree to make even more. Good Luck!