Living paycheck to paycheck is tough, but saving is still possible if you shift your approach from big changes to small, consistent habits. The key is to prioritize saving first, not last. Here’s how:
Pay Yourself First
Even if it’s just $20–$50 per paycheck, set it aside immediately before paying bills. Automate this into a savings account so you don’t rely on willpower.
Track & Trim Hidden Expenses
Review your last 30 days of spending. Identify “leaks” like subscriptions, takeout, or impulse buys. Redirect even half of that money into savings.
Use the 50/30/20 Rule (Modified)
50% needs (rent, utilities, food)
30% wants (entertainment, extras)
20% savings & debt repayment
If 20% feels too high, start with 5–10% savings—consistency matters more than the amount.
Build an Emergency Cushion First
Your first target should be $500–$1,000 for emergencies. Once that’s in place, you can move on to long-term investing and debt reduction.
Remember: Saving while living paycheck to paycheck isn’t about massive sacrifices. It’s about small, automatic, and consistent steps that add up over time. Once you control your money flow, you’ll feel less financial stress and more empowered to grow wealth.
For a complete step-by-step guide on building financial freedom—even with a tight income—read the full article on Wealth Insights Global
https://wealthinsights.co.ke/
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