Living Paycheck to Paycheck on a Six Figure Salary (My Response)

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[hollywoodundeadandpinkguyf]

You aren't living paycheck to paycheck if you can afford to put 12% in your 401k. Paycheck to paycheck means you don't have enough left to save/invest at all. He just has lifestyle inflation. He could save quite a bit more to.

[schuylergutting]

Honestly I made $138k last year, and I buried myself in debt. I sat down at the beginning of the year and figured out why I had nothing left over after every paycheck. Well, $1, 600 a month just in vehicle and motorcycle payments not including insurance was definitely a big thing. Sold one car which cleared up $776/mo plus $80 for insurance. Starting to move in the right direction

[mariadanielasegura]

Paycheck to paycheck is literally having to wait for your next paycheck to finish paying you bills, food, and to have a roof on top of your head. Being able to save a good amount of money isn’t paycheck to paycheck.

[droidDCP]

Ugh "spending all of my disposable income" is not the same as "living paycheck to paycheck" 🙄🙄

[RandyVincent]

First money mistake to avoid is feeling the need to solve everything and be there for everyone, you have to invest in yourself before investing in others

[amandaw]

Saving to your 401k though is not paycheck to paycheck, plus he mentions he has a savings built up from previous jobs. To me, paycheck to paycheck means you dont have a savings and nothing gets saved. His situation does shed light on how hard it is financially nowadays, but he's truly not paycheck to paycheck

[carpelunam]

these type of people dont understand what being poor really feels like... and too be honest I have a feeling Graham doesnt either

[stickysteph]

Is it really livings "paycheck to paycheck" when you're able to save that much money in retirement? When I hear "paycheck to paycheck", I'm thinking literally not even having enough left at the end of the week to save anything at all....

[chelseybazzle]

Eating out is soo pricey. I deleted my UberEats account and started making my favorite dishes at home. I'm eating healthier and my savings account is growing.

[nickgarcia]

Used to live paycheck to paycheck and had about $800 in savings at most. Then looking through what I could control I decided to put a budget on eating out and groceries to see if it would be enough. After a month of eating out once at Taco Bell and spending only the budget in groceries I brought my savings up by $700!!! Almost doubled in one month. Eating out is our generations biggest financial curse!!!

[samanthawright]

Lifestyle inflation is a real problem. My husband and I were in the loop and living "paycheck to paycheck" until about a year ago. I was recently discussing finances with one of my friends and she said her household bills are over $6000/month and I felt sick to my stomach for her

[colingreen]

Growing up lower middle class and seeing my family struggle with money actually living paycheck to paycheck I hate seeing videos like these the disconnect is so huge. If I ever make this much one day I am going to live the same way as I am now because I know just how easy living that extravagant lifestyle can be ripped away from you. I just need a little apartment and car to get me A to B.

[finleythegolden]

I spend about 400 a month on food delivery. A woman cooks all the food about $80 for all my meals and $20 delivery fee she drops the food off Sunday and I have meals for the entire week. I work a lot and despise cooking but like the taste of good food. She is a really good chef and it’s not a lot at all for the amount of good quality food I get each week.

[BobbyMucka]

Graham, I'm an Enrolled Agent and yes, qualifying expenses provided by a babysitter or childcare center allow many people to qualify for the child and dependent care credit.

[agonyofthenearmiss]

Life is choices, and they are relentless.

I make 130k and I’m living pretty large while saving 20% of my income. I left a HCOL area and choose to eat at home most of the time, shopping the sales at the grocery store.

Mortgage is 1249/mo for 2800 sqft. Not a fancy house but big enough for a family with two kids.

[avennoronha]

Props to this guy for literally walking everyone thru his monthly expenses. That's a lot of transparency that a lot of people wouldn't do.

[MrA]

Saving 12% of your paycheque and telling that you live paycheque to paycheque is just disrespectful to everyone who cannot even afford to save a dollar and are always in overdraft while living paycheque to paycheque.

[johanacaba]

As they say, more money, more problems. But, your channel is very helpful to realizing that you don’t have to live above your means, you can spend less and be happy. For me, I realized I don’t need that expensive designer item, a dupe does just the thing.

[IrisP]

This is not an income problem. This is a spending problem.
$782 a month on eating out is insane. We were horrified when we saw that we spend between $200 to $250 a month (my husband and I).
$40 to $60 a week on babysitting is an unnecessary expense (you can have a date night at home after the kids go to bed).
We also have two small kids and live in a HCOL area.

[JamesQNineTwo]

We were able to just now get off of living pay check to pay check as a two income home w/ a child. The weight off of your shoulders is immeasurable. I feel like it is a constant struggle sometimes to just not slip back into the bad money habits, watching your channel has been inspiring and grounding.