This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Overspending doesn’t have to be a thing you do, too
When you think about it, it makes sense.
If you have a somewhat secure, stable, and consistent paycheck coming in, you can fall into the trap of believing that money will always come in to cover any money you overspent.
Except, people continue believing this philosophy and overspend every paycheck.
The intention of “catching up” never takes place.
Once you start forming one habit, you delete the other, and intentions don’t bring results; actions do.
Overspending Is An Addiction
Once that paycheck hits, many people feel they have access to an unlimited supply of those paychecks.
Common Thoughts:
As long as the paychecks are coming in, I can overspend.
And I’m good as long as I can make the minimum payments on my credit cards.
Nope.
This is incorrect thinking.
Overspending and making minimum payments will only lead to financial catastrophe and enslavement.
Do you really want to spend the rest of your life owing someone or something else money? I sure don’t.
Though most people go to their graves owing money, it doesn’t mean you have to as well.
Most people overspend because they can.
Society has been set up to where most people have access to personal loans and credit cards.
Even if your credit sucks, you can still find a company that will sponsor your unhealthy financial habits – just at a much higher cost and penalty rate.
The Guy That Lives Off 30% Of His Income
One guy on a podcast I was listening to only uses 30% of his income. The rest of his money he invests.
If he continues to do this for years or decades on end, you can imagine the kind of wealth he will build – especially if he consistently increases his income, which he does.
What if you could live off 80% of your income and continue to decrease the amount of money you live on to increase the amount of savings?
If you live on anything less than 100% of your paycheck, you will automatically do one thing: build wealth over time (at least don’t spend anything more than 90%).
The more you keep, the more financial freedom you create and the more security you build for yourself.
Getting a steady paycheck provided by someone else is not secure and should never be equated to security.
4 Things You Should Implement With Your Paychecks
Spend less than you earn.
Build an emergency fund.
Implement self-discipline.
Never need the next couple of paychecks.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.