Most people, as Henry David Thoreau said, “Lead lives of quiet desperation.” The fact is many folks earning what looks like a comfortable income still live paycheck to paycheck. They’re one setback away from financial disaster – and they know it. Does this describe you? If so, this e-book may be just what you’re looking for. It lays out a clear plan that puts all the financial information together into a step-by-step path that you can follow to turn your financial life around. This e-book helps you acknowledge your current financial state, encourages you to know figures such as your total income and what you pay out monthly, helps you stop unnecessary spending today, and shows you a savings plan you can start now.

1. A STEP-BY-STEP ACTION PLAN
HOW TO STOP LIVING
PAYCHECK TO PAYCHECK

2. LEARNING OBJECTIVES
• Recognize the importance of knowing your
income, debt and savings.
• Increase awareness of frivolous spending and how
to decrease/eliminate such spending.
• Find sources for money you can start saving now.

3. LEARNING OBJECTIVES
• Understand the necessity of paying off debt.
• Discover creative ways to earn extra money.
• Learn how to use part of your savings to erase debt.
• See how following a budget can benefit you.

4. FOLLOW THESE 8 STEPS TO STOP LIVING
PAYCHECK TO PAYCHECK FOREVER
1. Acknowledge your current financial state.
2. Know your monthly income and debt totals.
3. Cut excess spending today.
4. Start saving money this week.
5. Begin paying off your debt.
6. Earn extra income however you can.
7. Use half of your savings to pay off debt.
8. Have a budget and stick to it.

5. STEP ONE: ACKNOWLEDGE YOUR
CURRENT FINANCIAL STATE
You Can Have A Better Financial Life Even With Your Current Income
Change how you handle your dollars now to alter your financial existence.
Are You Living Paycheck To Paycheck?
What would happen if, the next time you expected a paycheck, you didn’t get it?
What Is Your Total Debt?
How Much Money Do You Have Right Now?
Total all your accounts. Savings, stocks, CDs, and cash.

6. STEP TWO: KNOW YOUR INCOME AMOUNT AND
WHAT YOU’RE PAYING FOR EACH MONTH
Subtract your
total outgoing
dollars from
your incoming
dollars.
If the result is a
negative
number, you’re
spending more
than you make!
Now—
Subtract!
Now, list
everything you
pay in a month
— household
bills, gas/car
bills, haircuts, ent
ertainment, mea
ls out, and
medical/dental.
Outgoing
dollars
List all the
money that
comes into
your
household
in a month.
Incoming
dollars

7. “MANY PEOPLE ARE IN THE DARK WHEN IT
COMES TO MONEY, AND I’M GOING TO TURN ON
THE LIGHTS.”
SUZE ORMAN

8. STEP THREE:
CUT EXCESS SPENDING TODAY
Record all
expenses
for 7
days.
Discover
where your
frivolous
spending
is, then
stop it.
Which
expenses
can you
cut from
monthly
outgoing
dollars?
Get rid of 1
monthly
expense
and
reduce two
others.
Keep in
your wallet
the credit
card with
lowest
interest.

9. STEP FOUR:
START SAVING MONEY THIS WEEK
•Each
day, place
your left-over
change in
the jar.
•If you didn’t
get change
that
day, place a
$1 bill in the
jar.
Save change in a jar or
piggy bank
•Make your
deposit
toward
month’s end.
•No matter
how much
you
have, put it
in the bank
every month.
Deposit the change monthly into
your bank or credit union
•Save the $5
from grocery
money or
what you
spend
eating out.
•You’re
establishing
the habit of
paying
yourself, no
matter what.
•Place this $5
in the
bank, along
with your
change
every month.
Pick a weekday to pay
yourself $5.

10. STEP FIVE: BEGIN PAYING
OFF YOUR DEBT
A SECRET TO STOP LIVING PAYCHECK TO PAYCHECK IS TO
REDUCE YOUR DEBT SO YOU’LL HAVE CASH IF YOU NEED IT

11. List your
debts and
decide
which
you’ll pay
off first.
Use half of your
savings account
money along
with the amount
you normally
pay toward the
debt to apply
toward the
targeted debt.
This process
will go
quicker than
you think!
Although this step
will be tough, it’s
an important
aspect of
liberating yourself.
GET DOWN TO
BUSINESS AND PAY
OFF YOUR DEBT.

12. “IT IS INCUMBENT UPON EACH OF US TO IMPROVE SPENDING
AND SAVINGS PRACTICES TO ENSURE OUR OWN INDIVIDUAL
FINANCIAL SECURITY AND PRESERVE THE COLLECTIVE
ECONOMIC WELL-BEING OF OUR GREAT SOCIETY.”
RON LEWIS

13. STEP SIX: EARN EXTRA INCOME
HOWEVER YOU CAN
• Examine all your skills and abilities with an
open mind.
• You’ll be pleasantly surprised to learn that
people will pay you to do those services for
them.
• Read on to follow strategies that will lead
you to financial freedom.

14. HOW TO EARN EXTRA CASH
Advertise your skills in
local newspapers.
Use talents/skills to help
the elderly for pay.
Connect with your
network to seek work.

15. “EARLY TO BED AND EARLY TO RISE, MAKES
A MAN HEALTHY, WEALTHY AND WISE.”
BENJAMIN FRANKLIN

16. STEP SEVEN: USE HALF AND SAVE
THE OTHER HALF OF YOUR SAVINGS
APPLY HALF TOWARD THE DEBT YOU’RE PAYING OFF

17. HOW TO MANAGE SAVINGS:
• Apply half of your
total savings toward
the debt you’re
paying off, in
addition to the
payment you’d
normally make.
• Leave the other half
of your savings in
the bank to accrue.
You’ll be putting this
money aside as an
emergency fund.

18. CONTINUE SAVING
• Save enough for your 6 month emergency
fund first.
• Next, put aside $500 for a mini-crisis so if
something unforeseen occurs, you’ll be
ready.
• Ensure you replace any money you use for a
mini-crisis by continuing to bank your
change.
• Later, you can start a New Car Fund or a
Vacation Fund if you like.

19. INCREASE THE AMOUNT YOU SAVE
WHENEVER YOU CAN
When you get a raise:
•Boost your savings amount weekly by at least
50% of the amount of the raise.
When you pay a bill off:
•Continue to pay your savings account at least
half of the payment.
•Pay your savings account the whole payment if
you have other debts to pay off so the money
can be applied toward your remaining debt.

20. DRAW UP A BUDGET AND STICK TO IT
Find a budget you like
Use realistic figures when drawing up
your budget
Review your budget and expenditures often

21. "THE ART OF LIVING EASILY AS TO MONEY IS TO
PITCH YOUR SCALE OF LIVING ONE DEGREE
BELOW YOUR MEANS."
SIR HENRY TAYLOR

22. SUMMARY
WILL YOU STOP LIVING PAYCHECK TO PAYCHECK?

23. 8 SIMPLE STEPS
Acknowledge your financial state
Know incoming and outgoing dollars
Cut excess spending
Start saving money now

24. 8 SIMPLE STEPS
Focus on paying off debts one by one
Earn extra income however you can
Use half your savings to pay debt and save
the other half
Design a budget and stick to it

25. “AS SURE AS THE SPRING WILL FOLLOW THE
WINTER, PROSPERITY AND ECONOMIC GROWTH
WILL FOLLOW RECESSION.”
BO BENNETT

26. We hope you enjoyed your Special Report!
Curtis Roese is an experienced professional with extensive experience in
personal finance and small business matters. Curtis writes and
publishes articles, courses, guides and special reports on his personal
finance blog.
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