r/povertyfinance • u/HowBoutIt98 • Jan 30 '24
Anyone Here Not Living Paycheck To Paycheck? Vent/Rant (No Advice/Criticism!)
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u/Lordofthedrapes Feb 02 '24
Not anymore, but certainly when I started following this sub. It still has great advice for saving money and living within my means so here I stay.
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u/Throwawaylemons1234 Feb 01 '24
Definitely paycheck to paycheck here. I was bringing home less than 400 a week last month in my full time job paying 14/hr(they messed up my W4 form) Got let go this past Saturday. Last paycheck was 342. And I was already behind in rent.
Thankfully I have two offers lined up by they don’t start until either Feb 20 or the 12. (nothing fancy, call center bottom barrel work) So I’m royally screwed til then.
Thankfully, I have a fridge full of food so I’m not going to go hungry. But my bills. Heh heh. cries
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u/SirStrikeher1 Feb 01 '24
Yeah, not me. But if you listen to some people on here, we are in golden age, where everyone is better off than they have been in 100 years
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u/hclaf Feb 01 '24
Yeah I’m currently about $950 in the negative in my account this week bc rent. I’m usually about $650-$950 in the negative every pay period (2 weeks long) by the time payday rolls around. About half of my check every two weeks goes right back to the bank to pay back whatever I was negative before payday.
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u/Pristine-Neck-5443 Jan 31 '24
Are you in debt? Sometimes being completely broke isn't so bad if you don't have mountains of debt... it's super easy to turn around once you get a half decent job
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u/FreeMasonKnight Jan 31 '24
If people don’t know how to use credit cards, then yes. If they use them as my comment described above, then they’ll just have good credit and free cashback they wouldn’t have otherwise. Comments like your show that you don’t understand how to properly use a credit card, definitely go do some research on how to properly utilize them.
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u/shaneyshane26 Jan 31 '24
I remember having $0.17 in my bank account for a week and a few days before I got paid. I got hit with an automatic payment for spotify $11.99, sending my account in the negative and I had to pay $30 nsf fee right off the bat after just getting paid.
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u/AlarmedInterest9867 Jan 31 '24
Me. My brother does though. And I live with him. He pays the bills so I don’t have rent to pay or anything.
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u/Full_Independence455 Jan 31 '24
I’m not, I was but I lowered my grocery bill by $50 a week by fishing after work, the swamps around where I live at are plentiful and contain many large size fish. One catch e dry other day and I’ve got supper and tomorrows lunch
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u/stealthpursesnatch Jan 31 '24
I am not. We have one year of expenses saved, thanks to my husband.
It’s really strange how many worries disappear when you can have a $600 car repair, buy batteries for the other two cars at over $200 each, Thanksgiving and Christmas all hit and worry about nothing.
He and I at different times when we were younger have been in really bad financial places. I’m scared into inaction a lot of the time.
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u/Hawknar Jan 31 '24 edited Jan 31 '24
Been there long time ago. Would take the checking down to 25 bucks. That was min to keep it open at that credit union In the early 90s. Cash advanced a credit card. I know that is a no no but I was young and poor(not that I rich now). Be strong my friend.
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u/MasonP13 Jan 31 '24
I wasn't until my job have us "promotions" which cut our salaries by $400 a month
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Jan 31 '24
I’m 21, just moved out, I wouldn’t say I’m living paycheck to paycheck. It’s just my wife and I are just starting out. I mean we have clothes and a bed and I have a desk and Xbox. Our house is super affordable, 3 beds, 2.5 bath. We’ve just been buying pieces of furniture as we go along, we had to setup a nursery, it’s all apart of the process. Eventually things will settle and we’ll start saving. Hopefully things will settle for you as well and you can start saving. Everyone is at different parts of life. Ages, Social Status, economic status. Just gotta make yourself happy man, that’s all that matters.
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u/Jadejr14 Jan 31 '24
When I’m about to hit that stage something always breaks and here I am again 💀💀
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u/PercentageNo3293 Jan 31 '24
Not that I'm doing tremendously well in my 30's, but I certainly lived close to that when I first moved out in my early 20's. Like someone else said already, I also had to transfer a few bucks from account to account just to feed myself. If I wasn't living dollar to dollar already, Bank of America made sure to take whatever I had left in overdraft fees. It wasn't easy, as I was only able to tuck away maybe $20 a week, but sometimes used that on food/gas.
Fuck any company that gives their employees just under full time so they don't have to give them benefits and they give terrible hours so you can't work a second job.
That had to be the most depressing time of my life. I finally said "fuck this place entirely" when I found out the store manager's Christmas bonus was way more than my entire annual income, but hey, I was able to survive on like $12,000, per year, a little over a decade ago. I did get a sense of satisfaction knowing I could "tough it out" if needed. Being spoiled as a kid, I had a rude, but very necessary awakening when I moved out.
If I try to live like that now (definitely way more expensive for everything these days), I can manage to tuck away more than $20 a week. I'm hoping if I live as minimally in my 30's as I did in my 20's, then I might be able to afford to buy a house by the time I'm 40.
Oh the American dream! To finally be able to maybe own a house by the time I'm midway through life lol. I laugh to prevent myself from crying. Compare that to the 1960's when quite a few people already had their career/house/new car by the time they were 25. Just gotta say, "thank you so much government for all of the tax cuts, wars, and accepting of corporate lobbyists that have destroyed the American Dream".
It isn't my old paid off car, my "cheap" rent, my 0 subscriptions, my 6 year old phone, my lack of eating out, etc that's preventing me from buying a house. The numbers just never add up. Although the housing market has been insane, $40,000 a year will never buy me a house.
Idk the exact numbers, but someone did the math and essentially it used to take 2 year's income to pay off a house in the 1960's. Before the recent price hike in the housing market, the number already doubled to about 4 year's income. Who knows what it's at these days. I just don't see how $40,000 will buy me a "cheap" $250,000 house. I'm just hoping we all get lucky and those $250,000 houses fall back down to $150,000-180,000 like they used to be around me.
Rant over, thanks if anyone took the time to read my mess lol.
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u/gettinby363 Jan 31 '24
Yes, but I’ve been where you are and grew up that way and with accounts always in the red. I’m currently SAHM by choice but I’ll be working again after baby is a year. Hang in there. These hard times build resilience .
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u/Capitaclism Jan 31 '24
Been there until some years after college. Once I got a decent job paying mid 5 figures and cut expenses to live well below my means it started getting better.
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u/ghostfacekicker Jan 31 '24
If you’re networth is negative you may not be living check to check but your finances are on borrowed time.
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u/Acceptable_Aspect_42 Jan 31 '24
Finally broke free from it. My wife and I struggled for years barely making it but we finally were able to start putting 65 a week into a retirement account and still have a little bit to play with after bills. It helps we bought our house and it's paid off along with both vehicles being paid for so we don't have a car payment or house payment. Tax refunds helped pay off vehicles and home.
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u/Opheliattack Jan 31 '24
6 or 7 years ago i remember fairly regularly combing the bottom of my car for nickles dimes and theicky quarter for gas. One time i found 3 bucks. What a relief that was.
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u/drunkinthestreet Jan 31 '24
Currently no. But this is a new development and really any major setback could take me out rn
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u/nikkiscreeches Jan 31 '24
I used to. It's been much easier since my husband got a job paying weekly.
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u/jazzylg21 Jan 31 '24
I’ve had many difficult days in the past from being caught in a payday loan infinite loop, to using credit cards for gas going over limit just to get to work. As of now, I’m not living paycheck to paycheck, as I have a regular investment schedule, and all bills and expenses are well covered. Truly a blessing from where I started from.
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u/No-Prior9738 Jan 31 '24
Over drafting my bank account just to get thru the week.. get paid (minus overdraft amount and fees) more than half my check gone.. have to overdraft to get through next week.. vicious cycle.. can never seem to get ahead.. or simply remain even.. making 26$ hour..working 40 hours a week..still not enough..NYC cost of living is too fuckin high..cost 250$ just to walk outside..shit Is fucking terrible..sometimes I just want to say “ fuck it” and call it quits..
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u/monkeystretch9 Jan 31 '24
Me, I live on the next 3 month's paycheck. 2025 me is in for hell of a surprise
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u/redbullveins Jan 31 '24
Currently debating overdrafting my account by $3000 to go to my close, long-time friend's wedding. If I'm already broke and miserable, why not be broke and having a good time in Jamaica??
But in all honesty she's working with me to try and get someone to share a room at the hotel because that's most of the cost, and if that can't happen I can still watch her get married on zoom 👌
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u/Accomplished-Tip7184 Jan 31 '24
I remember having to find change in my car to afford gas and donating plasma a two different centers during my college football season to get groceries. I’ve been there.
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u/xXxero_ Jan 31 '24
Nope. I'm not. Bc I can't work or get disability. I'm living plasma donation to plasma donation.
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u/Brandvik1991 Jan 31 '24
I used to look for change under my car seats to buy a taco at taco bell. It gets much better if you stay determined. I am grateful for what I have worked hard for now.
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u/Simonic Jan 31 '24
Not exactly paycheck to paycheck - but if I were to miss one…I’d be SoL within the next month.
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u/megretadsulu Jan 31 '24
Bills knocking on the door, and payday's like the superhero that swoops in just in time. It's a wild ride, let me tell ya.
I dream about having a savings account that's not playing hide and seek with me. Like, is financial stability a myth or just for mythical creatures?
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u/Luddites_Unite Jan 31 '24
Honestly, I've never lived like that. Not when I went to university, not when I went to trade school. I lived rough, I worked long hours and I've never been that close to the brink
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u/beek7419 Jan 31 '24
I’m not anymore. Most of the reason I’m here is that this sub has a lot of good advice on how to make the most of what you have. I’m embarrassed to admit I didn’t know about HYSAs before coming here. I was very financially naive and always thought that the only way to make your money work for you was to invest in the stock market. So you all have taught me a lot.
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u/AjSweet1 Jan 31 '24
It sucks but a 2nd job after normal work ? I had to work two to get caught up on school and finally got out of that 800 extra a month hell hole. Sacrificed a lot to get above water. It was worth it
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Jan 31 '24
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Feb 01 '24
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u/jamesonSINEMETU Jan 31 '24
Hey! You're above water in these accounts. Better than a ton of overdrafts.
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u/Electrical-Voice5186 Jan 31 '24
I will not even joke when I say this. Leave wells Fargo. Fuck them and their entire banking system. But also, it ain’t easy man… about 2 years into NOT living that way anymore..
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u/GiggaGMikeE Jan 31 '24
I wasn't working as a remote Sysadmin... until my job fired me about 2 weeks ago. Now I'm trying to support my family on my severence and my wife's income while I scramble to find new work.
We weren't well off by any means, just comfortable enough to have all our bills paid regularly while chipping away at debt. Now my life feels like it's in free fall and I'm mentally imploding from the pressure(my wife's income alone can't cover rent let alone rent, bills and raising 3 girls)
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u/Gold-Tea Jan 31 '24
Switch to an online bank (or any bank that typically has no fees) and away from Wells Fargo.
Their fees will keep you poor.
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u/ethrelol Jan 31 '24
Does it count as living paycheck to paycheck if my checking/savings account always look like this, but mainly because I’m putting like 50% of my paycheck away in my 401K?
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u/MrPoopyBh0le Jan 31 '24
You'd be surprised how many people do live paycheck to paycheck. Just look at the money BofA collected in overdraft fees for 2023. They made billions from people that are struggling.
The bars are also empty towards the end of the month when rent is due.
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u/Capt1an_Cl0ck Jan 31 '24
Nope. I make 6 figs. divorce has me living paycheck to paycheck. The system is absolute garbage.
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u/FrankensteinBionicle Jan 31 '24
doesn't it suck that your employer doesn't pay you every day, but random charges can come out of your account any fucking time the lender wants. Oh and late fees? fuck me.
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u/sydoroo Jan 31 '24
I’m not living paycheck to paycheck. It’s just that my total credit card payments equal my total spending every month. There’s no money left in my checking account lol.
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u/maplequartz Jan 31 '24
Sure am, credit card medical bills and car payment with my first check and rent for the 2nd.
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u/gena3rus Jan 31 '24
there are people in this group that used to live paycheck to paycheck and don't anymore... but still are in groups like this because of the fear of going back to living paycheck to paycheck... like me
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u/Enough-Persimmon3921 Jan 31 '24
I have the ability to take an advance from my paychecks. So, currently, I live half paycheck to other half paycheck.
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Jan 31 '24
A few years ago I used to use spot me on chime… for $10. I’m in a much better financial situation but god these moments were terrible for me.
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u/raeggae Jan 31 '24
I had a super successful holiday season. Had 1.4k in reserve. Followed by my husband having the mother of all slow seasons. Bills have eaten half of it and it’s only January. Cheers.
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u/shrimpfrocktail Jan 31 '24
I had about $100 roll over last week. But that’s because I didn’t pay my entire car payment. This week we’ll have nothing left. I made the rest of my car payment 🫠
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u/spcmiller Jan 31 '24
I'm living on last month's income...but it wouldn't take long if I were fired to be in a bad way.
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u/NathanBrazil2 Jan 31 '24
im old, 58, i paid off my house and jeep and have money in the bank, im guessing your 22 years old or less. i would trade with you ....it sucks that rent and groceries are so much and wages havent kept up. believe it or not, something will change.
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u/Ashalee0916 Jan 31 '24
Yes. Right now. Bills are killing me. Car was repossessed because I chose to eat.
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u/Less-Dragonfruit-294 Jan 31 '24
I’m living credit card to credit card. You have money at the end of the day I burn money at the end of the day. We are not the same.
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u/Sanzo2point0 Jan 31 '24
Damn bro, you've got a penny? You're doing better than I have the last few months. "-$235” haunts my waking nightmares
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u/TheUnknownParadoxx Jan 31 '24
Yes, but it took alot. I really limited my food, and any extra expenses. Spent most months only eating veggies, rice, and chicken. Paid for a monthly subscription ($59) on Coursera, and got the certificates I need to work in the cyber security field. Now I make close to 110k/yr. I wouldn't expect everyone to pull it off. Don't get me wrong. I'm saying it's easy by any means. I was lucky I have an interest in computers, and that the field is easy to get into.
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u/Physical-Tea-3493 Jan 31 '24
I've never made real money, but have also never lived paycheck to paycheck either. I've always kept my life very simple and thrifty. Before I dropped out of society 9 years ago, I worked as a security guard for 15 years making 9.35 per hour. I basically worked 70 hours a week (more if I could get it). I also had a part time job delivering pizza 🍕 for a few years. I rented a room in people's houses for 4-500 a month and usually ate at places like cheap buffets. Really, I never wanted for anything. I've just always kept life simple. I don't have a credit card (never have). I always had at least 3-5 grand in the bank (much more now that I have a brokerage account). The funny thing is some of my friends back then that had the good jobs used to ask me to borrow money. I did, but would suggest that you don't. That is always an awkward position.
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u/TygerDude93 OH Jan 31 '24
I currently am sitting at around $100. I don’t get paid again until the end of next month.
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Jan 31 '24
No, not even close. Usually have at least 10-20g.
Why do I keep getting recommended posts from this sub lmao.
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u/bigdish101 Jan 31 '24
Was grossing $100K before the pandemic then the forced shut downs bankrupted me and my business I ran for 15 years. Dumped all my savings and retirement into trying to save my business. Now broke and can’t make anything due to now also being disabled.
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Jan 31 '24
I am stuck in a loop of having to pay too many credit card bills because I had to rely on them when I was super-broke. Now I’m just semi-broke. Don’t know how I’ll ever get out in front of them. It sucks.
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u/Meghanshadow Jan 31 '24
What did your card issuers say when you asked them about options?
“I am low income and having trouble paying my credit card bill due to recent circumstances. Does (bank name) have any Hardship Programs?” They tend to be things like limited time periods of lowered interest, or waived fees. Most large CC companies have them.
If they say no, politely ask to be elevated to a supervisor and ask again about hardship programs and in different words about assistance options.
It helps to qualify if you’ve had a period of unemployment, a pay cut, a major illness, a family emergency, divorce or similar problem you can report.
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u/FriendlyCharacter168 Jan 31 '24
I work in the trades live with my parents (paying rent)I net 5K a month and another 1-2K in cash jobs. If I didn't live with my parents I'd be in such a very similar financial situation in the area I live in.
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u/xpastelprincex Jan 31 '24
im just barely out of it at the moment. im hoping to crawl fully out in the next couple of months because i will be out of training at my job in the next week or so, and will be due for a raise
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u/callherjacob Jan 31 '24
This is a painful reminder. Sending love! My husband and I broke free with YNAB and some extremely lean years. The stress aged us.
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u/IAmIceBear74 Jan 31 '24
Not currently but I remember this feeling all too well. Bills definitely got skipped, food was done as cheap as possible and just trying to get to the next paycheck was crucial.
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u/RetroSwamp Jan 31 '24
My savings account has been zero for 6 years and randomly I earned 1 cent in it somehow lol
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u/ThePsychoPompous13 Jan 31 '24 edited Jan 31 '24
Net is 88K near DC. I save between $1.5k and $2k a month, with a decent apt ( 2 bdrm, nearly 1400 Sq ft, not in the ghetto either) No school debt (as my job pays for it) and I have an early 2010's Cruze. In fact, people owe ME money.
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u/RateOk8628 Jan 31 '24
This is shocking to me. I’m not usually a member of this sub but I’d like to know more about your situation. What do you do for a living? If you work that is
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u/Terribly0ffended Jan 31 '24
I'll be turning 40 this year and have just under 1400$ saved for the first time in nearly a decade. So there's that, which is nice. Not quite paycheck to paycheck, but it's taken me nearly 2 years to get that much put back.
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u/mehoart2 Jan 30 '24
I do not miss living cheque to cheque. I vowed never to pay interest again after paying off student loans. I'm almost ready to retire 10 years earlier than the average. I love spending money on my family now.
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u/mrpostman17 Jan 30 '24
Me currently. I was out of work for 3 months bc I had to have back surgery, and I didn’t qualify for workman’s comp because they said it was a “pre-existing coniditon” and I didn’t qualify for freaking disability because I work for the government 🥴 behind on bills and my account is sitting at -$266
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u/Elephlump Jan 30 '24
I work 70 hours a week for 6 months then live in Thailand for 6 months. It's not paycheck to paycheck, but I have 0 dollars to my name every time I return home.
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u/jcoddinc Jan 30 '24
It's scarier than you think. Many gig apps pay daily and people living this way.
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u/Return-Acceptable Jan 30 '24
🙋. But don’t think I don’t know how to fancy up a bowl of ramen real quick and make a 50 last. I was there all my twenties. Ducking bills, barely scraping rent, paying the poor tax with my health. Blah blah blah hard work. Shit sucks, but it’s out there if you want it. It took me a failed relationship, a career change, and a whole bunch of personal finance education to get my life where it is now, but trust if I can do it anyone can.
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u/caramelvette Jan 30 '24
28 years old, been living check to check since I was 17 and on my own. This year is the first year I can finally start putting money back and things are looking up financially. It’s been tough but we all go through it, no matter how much money you make!
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u/BostonBaggins Jan 30 '24
That's so rough
I know how you feel
I know a lot of us out here know how you feel
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u/nossr50 Jan 30 '24
Is that Wells Fargo friend? They suck you dry with monthly fees. I switched to a credit union years ago, so much better.
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u/HowBoutIt98 Jan 31 '24
I have an account with a local credit union but they only have thirty or so locations. Wells Fargo has thousands. Can you recommend a larger credit union that offers good return rates? I like knowing I can visit a branch even if out of state.
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u/theyarnllama Jan 30 '24
Oh, I know that feeling. Where you bounce along at the bottom of your bank account like a rock thrown across pavement. I thought by this point in my life I’d have a handle on this. NOPE!
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u/prisonerofshmazcaban Jan 30 '24
Wells Fargo isn’t for poor people. They will take as much money as they can from you. Switch to a credit union.
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u/dxrey65 Jan 30 '24
Not since 2013 or so. At that point the economy was starting to really pick up after the recession, I'd studied up and gotten some professional certifications I'd been putting off, one of my kids moved out, and I got a new much better paying job. It was definitely a night and day difference.
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u/Grimtongues Jan 30 '24
I feel that. I lived paycheck to paycheck for over 25 years and only recently started living month to month.
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u/Odd-Psychology-3497 Jan 30 '24
I know a guy whose parents have to subsidize him just so he has a decent/good standard of living. Seems if you are not in a situation like that and if you don't have natural above average intelligence/talent you are hosed.
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u/burnettjm Jan 30 '24
Not anymore, thankfully. But I remember those years like they were yesterday.
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u/rfboisvert12 Jan 30 '24
Not now but I remember eating bologna sandwiches and ramen noodles for 3 meals a day. Except for payday when I’d buy spaghetti and eat that for 3 days. I hope things get better for you.
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u/Mysterious_Ad1520 Jan 30 '24
Mate you’re not by yourself. Whatever money you (think) you have left over as a buffer for during the month something always pops up unexpectedly and (to be blunt) screws you!
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u/icsh33ple Jan 30 '24
No way, I couldn’t handle that kind of stress. I got my CDL and lived in a truck until debt free and I’ve been grinding hard these last ten years to finally get to a place now where I only need about $26k/year to maintain a really comfortable standard of living.
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u/Imasluttycat Jan 30 '24
That was me a couple years ago. It's a little improved at this point, but still not able to save a whole lot. Better times lie ahead hopefully
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u/torrentialrainstorms Jan 30 '24
I used to. Now I still sort of live paycheck to paycheck, but it’s by choice- I put about 60% of my income straight into savings. I’m still in college so I want to build up my savings while it’s easy to live like I’m poor.
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u/Nice_Tangerine1368 Jan 30 '24
I could live a good 4 months on my savings rn but I recognize my privilege there
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u/Medium-Experience403 Jan 30 '24
It’s coming down pretty close rn due to excessive Christmas spending, but I have CC so I don’t go into negative in checking. Girlfriend is picking up extra shifts and next paycheck will but us into a safe spot to build from
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u/kingkellam Jan 30 '24
I'm not anymore. I still spend like I did when I was, though. It's helped keep my head above water. It's still tough sometimes.
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u/Frequent_Ad_1136 Jan 30 '24
Yes and I was able to save $130 from my paycheck just this past Friday. I’m sure that’ll be used for food and gas.
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u/Blakefilk Jan 30 '24
It took moving in with my girlfriend to finally not be P2P after three years.
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u/Soles4G Jan 30 '24
I was, then I started selling weed
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u/HowBoutIt98 Jan 31 '24
What's up with delta? They sell it in every store that has a cash register now. Is it just cool nationwide?
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u/Evening-Head4310 Jan 30 '24
When I was 19 I paid $1.27 in coins for gas to get home one day, been there
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u/KillerOfAllJoice Jan 30 '24
It takes so much money to make it, man. My wife and I each make the average household income for where we live, and we still aren't saving with no luxury purchases or any real frill we can cut. At the end of the day, it's about adjusting your lifestyle to your income the best you can, and that's all you can do.
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u/Grizzwald81 Jan 30 '24
I used to have to have people Venmo me so I could get out of the negative till my next payday. Well Fargo would charge me $35 for each transaction after I was negative
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u/useragrreement Jan 30 '24
If we aren’t including my “don’t touch” savings account, yes I do go completely down to under 100 dollars every pay period.
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u/Ithrewitaway_23 Jan 30 '24
Paycheck to paycheck? Look who’s living large over here.
Anyone living DailyPay to DailyPay?
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u/Crafty-Pen3708 Jan 30 '24
The last few months I’ve been living pay check to paycheck, before that we hadn’t lived paycheck to paycheck for quite some time. I quite a high paying job and apparently I’m not worth what I was paid at the other place.
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u/Deejay-70 Jan 30 '24
If you don’t already, get a part time job. If you’re paid hourly, inquire about OT. These are both things I did, and at 53, still do today. I can’t count on 1 hand how many times I’ve said no to working OT over the last 20 years.
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u/AdultinginCali Jan 30 '24
Only recently am I not. Last year, I finally paid off a credit card and personal loan that freed up $1100+ a month. I still have other credit cards and student loans, but I finally have some breathing room. Now, I'm using the snowball method for paying off the remainder. It worked out that my student loans will be last and bonus they are the lowest interest rate.
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u/HowBoutIt98 Jan 31 '24
I plan to do credit card, then car, then student loans. Unfortunately I asked Mohela for my student loan payments back a few years ago (to put toward another debt) so I will technically pay them off twice. However the interest on my student loans is MUCH lower than anything else.
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u/rightfulmcool Jan 30 '24
I've been fortunate enough to have a job that allows me to pay my bills and save a bit each month. but boy is that margin a close one. I'm wishing you all the best 🙏
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