Quote:
Originally Posted by sweeps
Paycheck to paycheck: Could you pay all your expenses next month if your income suddenly stopped.
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To me, it means that you are spending everything that you earn at the time that you earn it. In other words, you are not saving any of your income. Forget paying all of next month's expenses. Many people living paycheck to paycheck couldn't pay Saturday's expenses if they didn't get their check on Friday.
My wife used to work with folks who would rush out at lunchtime on payday to cash their checks so that they had money to buy lunch that day. That's paycheck to paycheck.