Last Updated on Mar 5, 2020 by James W


Most people all over the world are huge spenders; the introduction of credit cards has even made it worse. As a result of this, most people are finding it quite hard to save a good amount of money that can be used for various purposes like starting a business and e.t.c.

Due to this, banks have sprung up almost everywhere to provide poor savers with loans at some very high interest rates. Financial institutions are becoming super rich by giving short term loans to people who cannot properly organize themselves financially. Living on paycheck to paycheck is a habit that everybody can stop, therefore the following are the 5 tips that can help you manage your finances properly;

Accepting Responsibility
Actually the fast step towards becoming rich in future is by accepting the fact that being poor or living from payday to payday is your own fault. Whether you are surviving on paycheck to paycheck because of your poor education or any other reason should not be points to justify your situation. Blaming your current situation on the above reasons will not help you in fact you will only be avoiding the act of taking responsibility. Taking responsibility will enable you to take control of your life and do whatever is necessary to change your current poor financial situation to something better.

Reduce Your Expenses Wisely
Unnecessary expenses can really make you broke, regardless of the size of your remuneration. This is the main reason as to why most spendthrifts earning huge salaries do always go broke. Reducing your expense does not now mean that you should even deny yourself food and starve. In order for you to do this wisely make sure that you only use your money to take care of the necessary expenses. Try not to go out clubbing and drinking every other weekend. By doing this you shall be saving some substantial amounts of cash every month and thereby avoiding the situation of living on paycheck to paycheck.

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Decide That You Are More Worthy
The moment you determine your worth, trust me you will not be satisfied with what you make every month. Instead you will feel like you deserve more than what you are currently earning.

However, this does not now mean that you should go to your boss and demand an instant
pay rise; never try this if you love your job. The best way through which you can get more value for yourself is by working extra ordinarily hard to get more achievements and we all know what this means right? Well getting more achievements means getting more pay and this rule applies everywhere. Once you begin getting more pay, train yourself on how to spend wisely and before you know it, you will be having a few extra coins at the end of every month.

Change your Mindset
Changing from a poor mindset to a proper mindset can really take you far especially when it comes to financial management. Doing this will really save you from living on paycheck to paycheck which is indeed a major embarrassment. In fact Mark Twain even said,’ if you do what you’ve always done you’ll get what you always got “. Therefore, if you want to see a good financial progress in your life and avoid depending solely on your peanut salary, start thinking, talking and even sleeping like a rich man and before you know it you shall be hitting headlines all across the globe financially.

Avoid Associating with Hopeless People
The people you associate with can really influence who you will be in the next coming years. To support this there is a saying that says,’ you are who you associate with”. Therefore, if you hang around friends who are not determined to become wealthy in the next few years, you will automatically jeopardize your chances of getting rich even if you had the potential to do so. Always hang around the right people i.e. those who have succeeded or those who are aspiring to succeed in life as this will make you to yearn being like them and in the long run you will be like them, financially independent.

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written by: Christopher

image source: flickr


Founder and chief editor of Blogger, Affiliate Marketer, Tech and SEO geek. Started this blog in 2011 to help others learn how to work from home, make money online or anything related to business and finances. You can contact me at