Budgeting 101: Steps to Stop Living Paycheck-to-Paycheck

Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET.  This week, we talked about the steps we need to take to stop living paycheck to paycheck. The panel included: Ash Cash: Director of Financial Education at Bank Mobile; Bev O’Shea: Personal Finance writer for NerdWallet; Rod Griffin: Director of Public Education at Experian and Mike Delgado: Director of Social Media at Experian.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: Why is a budget important?
  • Q2: What questions should you ask yourself before you prepare a budget?
  • Q3: Ok, you’re ready to create a budget, but where do you begin?
  • Q4: What items should a budget include?
  • Q5: How do you create a budget for a variable income?
  • Q6: When creating a budget, is it better to plan to save as much as possible or reduce debt?
  • Q7: How can we motivate ourselves to stick to our budget?
  • Q8: What do you do if a significant other is not on the same page or has a harder time sticking to a budget?
  • Q9: How often should you review/adjust your budget?
  • Q10: Any final tips for someone new to budgeting?

View the Complete Discussion on Storify:

If you’ve never heard about #CreditChat, here is a brief overview:


How to Escape the Paycheck to Paycheck Cycle via Wisebread

Infographic: A Crash Course in Budgeting via Ask Experian

7 Secrets to Creating a Successful Budget via Bankrate

Experian Etc: Budgeting Tips From Amanda Abella via Ask Experian

9 Keys to Budgeting for a Fluctuating Income via The Simple Dollar

How to Budget on a Variable or Irregular Income via Money Under 30

These Guidelines Will Help You Decide Whether You Should Pay Down Debt or Save via Bankrate

Relevant chats on YouTube: