Only 5.4% of Americans make $100k or more. Yet, according to Why Upper-Middle Earners Are Living Paycheck to Paycheck, almost 1/5 of them are living paycheck to paycheck. Why? I think it’s more than just the high cost of housing and education; I think many of us are lacking some basic financial skills that, if we develop, will get us out of this hole.
When we began looking at finances from a daily, weekly and monthly standpoint, instead of just a bi-weekly or annual view, we began to see a shift in our understanding of how finances work. For example, did you know that if you have a $100k annual income you make $274 every day of the year? That’s a lot of money.
We wanted to afford our ‘Top 3 Dreams’, but didn’t know how much money we could responsibly allocate for them. We needed to be very clear about our actual expenses – not just the expenses we wrote in our optimal budget. To help us, we created a ‘Find More $‘ tool. It helped us create a better budget. Perhaps it will help you too? This tool is password protected. To get access, contact me at firstname.lastname@example.org or make a comment below.