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Financial guruGeorge Kamelexplained that 78% of Americans feel like they live paycheck to paycheck.
Its reported that half of people earning over $100,000 annually areliving paycheck to paychecktoo.
The reality is that these Americans will stay broke unless they make some changes.
Luckily, there are several things you might do now that can make a positive financial difference.
Consider getting on a zero-based budget, meaning that your income minus expenses equals zero.
Take Care of Your Four Walls First
Your four walls are food, utilities, housing, and transportation.
Its crucial to dedicate your take-home pay to these four expenses before anything else.
Review your bank statements to identify the expenses that may not be totally necessary.
Reduce and Eliminate Debt
Debt eats away at your finances and creates a financial drain.
Be sure to prioritize debt reduction and elimination above all else.
Start with paying off the highest-interest debt first and then tackle other debts.
Parking your cash in ahigh-yield savings accountallows your money to grow and compound along the way.
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