Home » Home & Garden » Money » How To Break The Pay-To-Pay Cycle
Surprise someone you care about today with a gift subscription to Reader's Digest at 72% OFF!

How To Break The Pay-To-Pay Cycle

Did you know that the majority of North Americans live paycheque-to-paycheque? And that this type of spending behaviour crosses all salary brackets? Chances are, you’re one of them. According to the Canadian Payroll Association, 60 percent of Canadians live the pay-to-pay cycle and cannot put money away for their retirement.

By Mary Montserrat-Howlett

Even a raise or a bonus doesn’t seem to make up for our spending patterns. Our immediate inclination to upgrade when we “have the money”—whether it’s a new car, better phone, or faster computer—proves that having more money often only diversifies our spending. Whether you’re struggling to make ends meet or living frivolously beyond your means, here are some tips to shatter the pay-to-pay cycle—for good.

Tags: pay check

1 of 9 Next


Published in : Home & Garden » Money
Average: 2.5 (2 votes)
  • slide0
  • slide1
  • slide2
  • slide3
  • slide4
  • slide5
  • slide6
  • slide7
  • slide8

Post a comment

  • Digg
  • Delicious
  • Heart
  • Mail
  • Print
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

Magazine

Special Features

Recent Features

  • 9 Secrets to Solving Problems

    Whether at work, home or in your personal life, coming up with creative problem solutions can be a difficult task. Try these simple ideas the next time you’re posed with a tough problem.

    Published in : Home & Garden » Money

    0 comments

  • 4 Back to School Budget Tips

    School can be expensive, and tuition is only a fraction of the overall cost. Learn to plan a student budget and manage the finacial risks of post-secondary education by following these simple tips.

    Published in : Home & Garden » Money

    0 comments

  • 3 Ways to Plan Your Child's Education Savings

    It's the beginning of a new school year, and now  is the time to consider your child's education savings plan. Take some tips, and learn how to plan an education saving strategy that works for you.

    Published in : Home & Garden » Money

    0 comments

  • 6 Ways to Save for Your Child's Education

    With scholarships and student aid only going so far, figuring out a way to save for your child's education is essential. Check out these steps to calculating the costs of university and college, and the best way to repay debt once your student is out of school.

    Published in : Home & Garden » Money

    0 comments

  • 4 Ways to Teach Your Teen About Money

    Managing money is hard for many adults, so it's no surprise teens struggle to make smart financial decisions. Try these tips, and talk to your teens about money before it becomes a problem.

    Published in : Home & Garden » Money

    0 comments

Advertisement

Subscribe Now!

With Our Partners

  • Colgate Testimonial

    Reader's Digest Product Tester program

    Our testers share their experience with Colgate* Sensitive Pro-Relief™ toothpaste!

    • Reader's Digest Services

    Stay in touch with Reader's Digest

    Contests

    View all contests

    Advertisement