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acorns.com - 3 Tips to Avoid Living Paycheck to Paycheck - Acorns

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It may be a moment of great opportunity for those seeking work, but many of those currently working are still struggling. Half of working Americans say they’re living paycheck to paycheck, according to a January MagnifyMoney survey. That includes 76% of those making less than $35,000 per year, and 31% of those making $100,000 or more. When a person lives paycheck to paycheck, expenses consume most of their salary, leaving little to no spare cash for saving or investing. That can mean they have trouble covering costs if something disrupts that regular income, like job loss or an emergency expense. “Unfortunately, it’s quite common,” says Anthony Santoro, a wealth management advisor at Arista Wealth Advisors in Albany, New York. “The average American tends to spend more than they make.”

Luckily, there are ways to help break the cycle.

Assess and adjust your budget

Santoro suggests starting by getting a detailed look at your spending, including big bills and smaller purchases. “A lot of the major credit card [issuers] out there, they’ll actually give you a pie chart of where your spending was allocated,” he says. Then see how those expenses compare with a budget framework like the 50-30-20 rule, which recommends that you earmark 50% of your income for essential expenses, 20% for savings and investments, and 30% for discretionary expenses. “Starting out, it might take a little sacrifice,” says Travis Tracy, a certified financial planner at Fortitude Financial Planning in Durham, North Carolina. But by determining where your money is going, you can figure out what kind of changes you need to make to help get ahead.

Pay yourself first

Building up your emergency savings is key to breaking the paycheck-to-paycheck cycle: When you have a cash cushion, you have more of a buffer against any disruptions to your pay. Santoro recommends setting up automatic contributions so that part of your paycheck automatically goes into a savings account. “If you know there’s no money in there at the end of the month, you’re not going to spend it,” he says.

Earn Extra Income via Side Hustles

If your essential bills are high, looking for ways to earn more money may be more fruitful than making cuts to your expenses. There are side hustles for every type of skill ― including proofreading, dog walking, renting out your stuff, and more. Sometimes all it takes to get started is a phone, an internet connection, and 30 minutes of your time here and there. “If you can put in a couple hours and do the hard work,” says Santoro, “the opportunity is there if you want to take it.”

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thespruce.com - The Meanings of Major Colors in Feng Shui - The Spruce

Color is an extremely important aspect of feng shui, and it’s connected to many feng shui principles and Taoist cosmological schools of thought. It’s one of the many tools that feng shui practitioners use when adjusting the energy of a space. Color has a big impact on how we feel, and it’s also one of the simplest elements of a room to change. Whether you’re painting a wall, adding a new piece of artwork, or switching out a throw pillow, playing with color can be an easy, fun, and non-permanent way to shift the energy in your home. There are a few ways to approach color from a feng shui perspective. There are different feng shui color systems, including the five elements. Different colors also have different cultural associations and personal meanings, and it’s important to consider those things, as well, when you’re choosing colors for your home. If you’re interested in learning more about how to think about color from a feng shui perspective, here are some of the major colors in feng shui and their significance.

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