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Living paycheck-to-paycheck is a stress many Americans face.
For those thinking they cant cut any more from theirbudgets, it can be trying to make ends meet.
Here are three things Sethi recommended considering in that situation.
Next, learn more about theuseless expenses you should cut from your budget.
Analyze your budget to identify fixed expenses.
These are bills you know you have to pay each month.
This might seem insignificant, but it claws back some savings.
Comparison shop your auto insurance and phone plan rates, as you may be overpaying.
Americans can often find savings on auto insurance by paying semi-annually vs. monthly.
Some fixed costs will no longer be an expense in the next year or two.
The average monthly payment for a used car was $533.
Avoid replacing your car once its paid off, Sethi wrote.
A growing number of Americans are taking on second jobs.
About 5.3% of the workforce over age 20 had second jobs in 2024, according to theU.S.
Bureau of Labor Statistics.
For Americans struggling to make ends meet, increasing income is an excellent consideration when in need.
If thats not an option, a side hustle can be a good alternative.
However, its best to have a goal in mind with these additional funds.
you might divert the earnings towards debt, build savings or pay for needs.
While additional work is tiring, increasing income is a great way to reach goals.
Budgets can be fraught with problems when your income doesnt keep up.
Get a budget back on track by looking for small wins that can snowball into big changes.
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