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Making your salary last till the next payday requires careful planning, disciplined spending, and smart financial habits. Here are some practical steps to help you stretch your paycheck and avoid running out of money before your next one arrives

How to avoid going broke before payday in 4 easy steps | Pulse Nigeria

Stella Takyiwaa Okyere

<h3>1. <strong>Track your spending</strong></h3>

<p>Keep track of every cedi you spend throughout the two weeks. This will help you stay accountable to your budget and give you insight into where you might need to adjust your spending habits.</p>

My total at Trader Joe's, including tax, came to $49.87.That's $9.87 more than I'd typically spend at Aldi, and I opted not to get my usual green grapes because they would've put me too far over budget.Although Trader Joe's offers a variety of unique products and high-quality options, it's just a bit too expensive to meet my weekly needs. If you're on a tight budget, Aldi remains the more economical grocery choice.

Overall, I don't see myself becoming a Trader Joe's regular.

<h3>2. <strong>Limit eating out and entertainment costs</strong></h3>

<p>Eating out and entertainment can quickly add up. Limit dining out to special occasions, and find free or low-cost entertainment options. This might mean having a movie night at home, going for a walk, or attending community events that don’t cost money.</p>

<h3>3. <strong>Avoid debt and pay off existing debts</strong></h3>

<p>If you’re carrying debt, try to pay it off as quickly as possible. Avoid taking on new debt unless absolutely necessary. Interest payments on credit card debt or loans can significantly reduce the money you have available each month.</p>

Without giving away too much, "Squid Game" is about a group of individuals who all have one thing in common: They're each in massive amounts of debt. When a mysterious organization offers them the chance to play playground games to win money, they jump at the chance — without realizing there may be deadly consequences.According to the streamer, "Squid Game" is its most popular show ever, with 142 million households tuning in in the first four weeks. It also has a 95% score on Rotten Tomatoes.It's also spawned a reality show inspired by the game, and season two is set for 2024.

South Korean series "Squid Game" became Netflix's biggest hit of all time when it debuted in 2021.

<h3>4. <strong>Consider additional income streams</strong></h3>

<p>If your salary isn’t enough to cover your expenses, consider finding additional sources of income. This could be a part-time job, freelancing, or selling items you no longer need. Even a small amount of extra income can make a big difference.</p>

Consider additional income streams.doug4537/Getty

Saving at least 20% of your income is a target that many financial planners recommend.doug4537/Getty

<p>When you use cash instead of <a data-link-role-code="open_new_tab" href="https://www.pulse.com.gh/lifestyle/protect-your-mobile-money-wallet-from-the-reversal-theft/8r4gsee">momo</a> or atm, you’re more likely to stick to your budget because you can physically see the money leaving your hands. If you tend to overspend when using an ATM card, try switching to cash for your everyday purchases.</p>

<p>Making your <a data-link-role-code="open_new_tab" href="https://www.pulse.com.gh/lifestyle/how-to-pamper-yourself-with-your-salary-without-going-broke/3s3wf2h">salary</a> last till the next payday is all about planning, prioritising, and being mindful of your spending. By creating a budget, cutting unnecessary expenses, and being disciplined with your money, you can avoid the stress of running out of funds before your next paycheck.</p>

<p>The key is consistency—small changes in your habits can lead to significant financial stability over time.</p>

African countries with the highest average monthly net salary [Deposit Photos]

How to avoid going broke before payday in 4 easy steps

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