Break the Paycheck to Paycheck Cycle - Deepstash

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Warren Buffett’s Best Money Advice

Break the Paycheck to Paycheck Cycle

Trying to patch up financial issues that are causing you to live from paycheck to paycheck can keep the cycle going, such as payday loans, and hardship withdrawals from your retirement account. It may get you out of immediate trouble but will set you up for eventual failure.

  • Instead, consider looking for regular expenses you can trim.
  • Reevaluate your needs vs. wants.
  • Downgrade.
  • Learn some basic skills to deal with emergencies yourself.

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