How to Make Sure Your Money Doesn’t Run Out Before Pay Day

How to Make Sure Your Money Doesn’t Run Out Before Pay Day

In the week before pay day, many people start praying for their next cheque to clear, as finances start to get dangerously low. Living from one pay cheque to the next can be dangerous, and before you know it, you’ve borrowed yourself into debt. 61% of people admit that they live from pay cheque to pay cheque. So how can you avoid this trend?


With a budget, you’ll have a clearer idea of how much disposable income you have, and this will hopefully stop you from overspending. It may become clear that you are living above your means and that it is time for you to cut down on expenditures; particularly luxuries.

Be a Tracker

Tracking your spending means you have a better idea of where your money is going. Save your receipts and organise them into categories so they are easy to manage. Tallying up the total will give you an overview of total spending. Using Excel can help you analyse the data and make decisions on where you need to cut down.

Maximise Your Income

If you can get a raise, flutter your eyelashes at your boss, but a higher salary isn’t the only way to increase your income. Consider working part-time on a Saturday or turn your hobby into a cash cow. However, making more money doesn’t necessarily mean you will cure your tendency to spend all of it before pay day. 30% of workers earning six figure salaries also admit to living from pay cheque to pay cheque.

A Financial Paradigm Shift

If you are in this overspending position, it’s likely that you aren’t the most responsible person with your money. You may spend more than you really make by overestimating your income. You may just have few organisational skills when it comes to money and you have no idea where it is all going. In this case, hopefully your budget will do all the hard work and get you back into a good financial position.

Set yourself goals and visualise yourself as master of your bank account – the days of borrowing from family and banks are over. Keep that in mind and stick to your budget, rewarding yourself every now and then with a treat. Try to focus on only spending what you need to for 99% of the time: bills, rent, and travel to work.


In an uncertain climate, who knows when you will need disposable money to prop you up? You may lose your job or get into an accident. In these situations it always helps to have an emergency savings fund, but how are you going to protect yourself if you can’t even make it to pay day, let alone put money aside? Guard yourself and your loved ones through responsible financial practices and cut down on all the luxuries which are putting you further into debt. It’s time to stop worrying.

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