In the fourth quarter of 2024, increased economic pressures continued to affect households in the United States. With inflation at 2.9% by December, 65%
That was my thought… if you don’t need at least part of a paycheck to pay bills, you must be in great shape… or you aren’t managing your money correctly.
“Nah, nah, I don’t need to set aside any of this check for rent, I’ll just pay it all out of the next check…”
I have enough saved up that I could probably go a couple months without pay before I ran out of money. Honestly, I’m not even that well off: Most months I spend my paycheque ±5%, if I go over I take it from a buffer account where I have about 60% of a paycheque and try to backfill it over the next couple months.
In my situation, I’m regularly low-key stressed that my buffer account is running low, and that I haven’t been able to backfill it for several months in a row. I can’t even begin to imagine how stressful it must be not even have something to fall back on if you suddenly get an extra expense that eats 10 % of your paycheque one month.
That was my thought… if you don’t need at least part of a paycheck to pay bills, you must be in great shape
I suppose it’s all relative, but in many cases being able to survive one missed paycheque could mean simply having $1k in the bank. Surviving several months is another story.
That was my thought… if you don’t need at least part of a paycheck to pay bills, you must be in great shape… or you aren’t managing your money correctly.
“Nah, nah, I don’t need to set aside any of this check for rent, I’ll just pay it all out of the next check…”
I have enough saved up that I could probably go a couple months without pay before I ran out of money. Honestly, I’m not even that well off: Most months I spend my paycheque ±5%, if I go over I take it from a buffer account where I have about 60% of a paycheque and try to backfill it over the next couple months.
In my situation, I’m regularly low-key stressed that my buffer account is running low, and that I haven’t been able to backfill it for several months in a row. I can’t even begin to imagine how stressful it must be not even have something to fall back on if you suddenly get an extra expense that eats 10 % of your paycheque one month.
I suppose it’s all relative, but in many cases being able to survive one missed paycheque could mean simply having $1k in the bank. Surviving several months is another story.