It's not Delivery, It's De'Struggle

What comes to mind when you remember it’s payday?

People on Twitter sure have plenty to say about #payday.

Ya'll know I stayed up till 2am to watch that money fall in my account #payday

When the #payday is in 48 hours - celebrate

The general consensus seems to be that it brings a sense of joy and relief that no other day in your life brings. Because hey, you’re rich again!

Now let’s see what people say about #almostpayday.

You know you're not doing so hot when you start carrying around your credit card instead of your dbeit card. #overdraftdays #almostpayday

 #almostpayday #broke #creativepofolk - I'ts not delivery, it's de'struggle

There’s no doubt that broke jokes are pretty funny. It’s not uncommon to see jokes like these, laugh, and keep scrolling without putting much thought into it. Maybe you see one and think “I can relate”. A lot of times, though, they’re the kind of funny that makes you laugh and also feel a strong sense of “ouch.”

So let me ask you this… if payday feels like a holiday, what does every other day of your life feel like? I totally get that it’s exciting to have a decent account balance after eating whatever-I-can-find-in-the-pantry meals for the last six days, but there might be other ways to go about it.

Don’t panic – I’m not going to tell you to get rid of Netflix or the things you love. When it comes down to it, you’ve got a few options: cut down your fixed expenses (bills), decrease spending (save), or increase cash flow. Most of us jump to the bills part right away, but there’s usually a whole lot that happens between getting your paycheck and paying your bills, things that you could possibly spend less on;  things like food, drinks with friends, new clothes, haircuts, Target dollar spot, etc. If you could cut back on one of those things, you’re one step closer to having savings built up. Even $10 a month is a start!

Keep track of what you’re spending as often as you can. This can help give you an idea of where you may be spending unnecessarily and could cut back. Many financials have tools built into their online banking service that can help you with that, and if yours doesn’t, you can always check out places like Mint.com.  For some, it’s good to see where your money is going so you can adjust. For others, it’s a serious wake up call. For me, it was my food spending…and it was the easiest way for me to start saving. Instead of hitting the grocery store every night on my way home from work based off of what I “felt like” that day, I started finding meals that had overlapping ingredients and changing how and where I shopped. I was able to cut my grocery/food spending in half. Half! That gave enough to start saving, and once I had my “paycheck” amount saved, I didn’t have to feel like I was waiting for the next one to come in – I had a backup plan.

Long story short, you don’t have to feel stuck in the #almostpayday life. There may be options out there that don’t require you to give up the things that bring you joy, and payday can go back to being a normal day instead of a holiday. (Or you can keep celebrating – that’s cool too!)

If you’re still in where-do-I-start limbo, our team would be happy to talk through things with you. Give us a call, stop in, set up a video appointment – whatever works best for you.

 

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Written by: Michaela Barribeau
I'll get the title thing out of the way, because why else do people read bios? I'm a Marketing Specialist at Capital, but I don't really think that's important. These blogs come from real conversations with members and employees or my own experiences (and opinions...let's be honest.) So, I'm not an "expert" at everything at the credit union, and I'm not trying to be. I'm just a person, like you, who wants to share what I've learned along the way...and hopefully make you laugh a little, too.

P.S. - My dog, Clutch, is the cutest in the world (don't even try to convince me otherwise), Luke's Diner will always have the best coffee, ewoks are cuter than porgs, and always remember to take some time to treat yo' self.