Reply to Half of six-figure earners live paycheck to paycheck

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’ve never completely understand what paycheck to paycheck means. Does it mean I can’t skip a paycheck without going in the red? Then yes. But I also put money into a TSP and 529 each month (before I ever see it), so it’s not like I’m not saving. I make $176k.[/quote]

I've often wondered the same. I technically live paycheck to paycheck, because all my money is predetermined--every penny has a destination. However, I have a decent savings I can pull from if needed and could survive off of it for several months if needed. [/quote]
That is the definition of not living paycheck to paycheck. I don’t understand why this needs to be explained.[/quote]

+1, I really don’t understand why people do not understand that. The PP is exactly NOT living paycheck to paycheck if you can survive several months with one.

Public service announcement, work towards having 12 to 18 months of necessary expenses saved as it could take that long to get a new job. Necessary expenses are food, shelter, utilities maybe healthcare if you have health issues.  It does NOT include Netflix,  Amazon, the latest iPhone, dance and karate for the kids, gym membership, stocks and bonds, gambling, drugs and alcohol.  However if you want to include those in the amount you save in your emergency fund, that just means you have to save a larger amount, so good for you.[/quote]

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