Reply to What does living pay check to pay check mean to you?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It means there are no savings and every paycheck goes toward immediate living expenses. If a paycheck doesn't come, then the rent/mortgage doesn't get paid and the groceries run out.[/quote]

+1[/quote]

This. This is what paycheck to paycheck means in real life. It also means that if the fridge breaks or the car, you don't know what you're going to do and you may have to put it on credit card and pay 20% interest on it.

Of course this is DCUM, so stay tuned for folks chiming in to say they are SO paycheck to paycheck bc they ONLY put 15k/yr into a 401k instead of 18k or don't fully fund a 529 or can only afford public school for their kids instead of private.[/quote]

I think it includes having no savings and no available credit. Potentially using payday loans, robbing Peter to pay Paul, or sending out checks a day or two before your check comes in. Not having enough money before payday for gas, Metro, lunch, etc. I used to work at a place that gave Metro checks for a benefit, and people would stand outside of Metro Center and sell them for cash. [/quote]

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