It is, in fact, entirely possible that a tenured person in her forties should not still be living paycheck to paycheck. But hell, I've never known anything else, so it's not like I'm feeling the lack. Besides, think of that monthly rush of joy I'd be missing!
Now, if you'll excuse me, I'm headed out to the bank...
7 comments:
Payday still has a special thrill and I'm closing in on 50!
Do you ever NOT live paycheck-to-paycheck unless you're filthy rich? Since I paid off my mortgage I put more into my retirement where I suppose I lose it less quickly than if I spent it but I still run short of cash toward the end of each month.
um some of us manage to leave enough money in checking instead of moving it over to savings that our checking accounts never go below $3,000 - to me that would qualify as NOT living paycheck to paycheck, but doesn't qualify as filthy rich either... Unless that doesn't qualify as that.
Octobercheck is an academic holiday at my school. /nod
Anon: If I had a $3,000 cushion in my bank account, I'd probably feel filthy rich. But Curt's comment and your reaction, taken together, are interesting: How many of us full-time folk can't imagine living any other way than from one paycheck to the next, with no safety net except the credit cards? What sort of security do we imagine that extra one-month reserve provides? How does living from one month to the next alter how we see the world?
(And don't the financial guides suggest a six-month reserve? Ha!)
I've had a job where I could reliably expect to put away one or two hundred pounds every month into the savings... but that was not the current job. As it is, a summer of conferences drove me well into my overdraft and every time it looks as if I'm climbing out a new bill arrives. But because I have the overdraft, it still doesn't feel like paycheck-to-paycheck, which is dangerous. (Aside: they actually pay you with a cheque, not bank transfer? Wow.)
On the other hand if I had £1,500 in my current account (= checking account, right?), I wouldn't have, because £1,000 of it would be leaving for my savings accounts straight away...
Really @Bardiac , Its the first time i heard.
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