Seven in ten Americans are living from paycheck to paycheck, according to new data. If this sounds like you, take comfort in the fact that you’re not alone. It’s quite improbable, though, that you’d want to remain there.

Some options to stop living “paycheck to paycheck” are listed below:

Consider the possibility

In order to make the changes we want in our life, we must first conquer the obstacle of uncertainty. When presented with the idea of ending their reliance on a steady stream of income, if one’s first thought is “That is impossible because of x,” then it’s safe to assume that they will never reach their objective. Furthermore, the value of x is irrelevant. If you believe that you will never be able to get ahead financially because of the way things have unfolded in your life, then you are doomed to fail. Your predicament may be more difficult than average, yet there is no problem that can’t be solved. Have faith that the change you want is possible and that you can bring it about.

Do not expect any further funding at this time

If you are wondering how to stop living paycheck to paycheck then here are the options for you. In the same way that saying to yourself “this is impossible” might keep you from taking action. In addition, it is accurate to say, “I need more money to get ahead.” Some people may need to raise their income before they can afford to climb up the economic ladder. Sadly, this is true. The only way to know for sure whether we need it to succeed is to try, but if we let ourselves be convinced that we can’t make it without it, we’ll never even try.

Please allow me to try to demonstrate this

Seven out of 10 Americans depend on the next salary to make ends meet. Why do so many individuals lack a safety net, though? Is it because most of us (70%) have to scrape by from week to week? Or is it because so many of us are shelling out cash on things we don’t need and services that aren’t really necessary?

This is a major distinction that has to be made. We need to either take more personal responsibility for our wasteful spending habits or we are captives of an unfair economic system that has to be blasted to smithereens. Whatever the case may be, we need to take action. The latter seems to be the case most of the time.

Digging further into the numbers, you find something of great importance

To put that in perspective, the median income in the United States is $67,000 a year for a family of four. More over half of American households earn less than their monthly income, while making twice the national median income. While there are extenuating circumstances, such do not affect the 54% of Americans who have affluent incomes. In conclusion, the thought process of “I just need more money” must be resisted at all costs if we wish to achieve success. On the contrary, people tend to spend a larger percentage of their income as their income rises. Stop waiting for your salary to significantly grow before you take control of your financial situation and stop living paycheck to paycheck.