We live each day. But some live day to day. This means they can't really move around in financial terms and are probably stuck in some kind of routine. Some are stuck in this routine more than others. But no matter how stuck you are there is probably the slightest possibility that you can turn this around. And it all starts with aiming for a financial backup. If you want to change things in your life you need to be able to move around freely to a certain extent. For this you need a financial buffer. Something that can sustain your lifestyle while you temporarily jump out of that routine you're stuck in.
There are many different theories around a financial security fund and how much you should save. Or how you should save. But it all depends on your situation and what you're comfortable with. Some feel good with 3 months worth of normal expenses. Others feel better when it's a years worth. Some save 10% of there income, some more. I know it's easier said then done if you're in a a bad situation and money is tight. But even then you can probably identify some thing that you spend money on which you don't really have to. That would be a possible thing to eliminate in order to start saving.
The definition of insanity is trying the same thing over and over again and expecting a different result. So if you live day to day and need change, you need to initiate that change, but before you do, be prepared. Prepare your self for that gap period where you need something to fall back on while you move around. A financial back up plan, economic security. Whether that be savings in the bank, a pile of cash under your bed or even the value of your Hive account, if you really need it.
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