If you didn’t get a paycheck one day, would you be able to survive? And what about 2 or 3 paychecks down the line? Scary to think about. I’ve been fortunate enough to realize this 2 years ago, but if you’d asked me then I probably would have $hit in my pants before I could even give you an answer ;) Okay, well I wasn’t that bad, but I certainly wasn’t as aware as I am now.
According to a recent Consumerist post, 50% Of Americans Are 2 Paychecks Away From Having Big Financial Problemos! That is a lot. And it really makes me wonder how long we, as in The United States, can keep this up before it screws over everyone in the process. Here’s a quote from a place they quoted (MetLife):
“Without a steady paycheck, 50% of Americans say they could not meet their financial obligations for more than a month – and, of that, a disturbing 28% couldn’t support themselves for more than two weeks of unemployment.”
Everyone has their reasons for not being secure money-wise, but I’d bet saving an extra $50 a month is more than possible in 99% of these situations. Do that for just a year and you’ve already gotten yourself $600 (not including interest)! That alone is an entire paycheck for some people, and it’s really not that hard to get started.
Do you know what I’m gonna advise now? Of course you do cuz it’s one of my favorites: Make sure you’re building up your Emergency Fund! I don’t really need to go into WHY they’re important here (you can put 2 and 2 together) but you do have to make sure you’re on it. I can’t think of a single reason why anyone can’t put aside even $20 a month. You don’t have to have $3,000 or $10,000 in there right now, just do yourself a favor and be WORKING on it.
That’s the moral of the story today – getting into the habit of xfering over little chunks of money to cover your a$$ when times are rough. You certainly don’t have to listen to me, but it would be a shame to hear that my lovely readers are part of that 50% who are 2 paychecks away from poop-ville! Don’t be a statistic, be a rock star.