Quote:
Originally Posted by kenchan
i am amazed when i hear about folks making well over 6 figures living paycheck to paycheck.... 
how do you manage to get yourself into that position?
earnspend!  |
Yeah, that is just ridiculous. I was paycheck to paycheck when I was making $25K/yr with both rent and car payments. That was almost 15 years ago though. We try to keep 6 months of living expenses in our savings account at any given time. When an emergency arises (like the cat needing major surgery), we just dip in there as needed. It replenishes fairly quickly since I put a full 25% of my salary into savings every paycheck.
Unfortunately, we have very few investments, and I have almost no retirement. The investments are something that I plan to correct in this decade; the retirement will start this year once I get an IRA set up through our company.