One Paycheck at a Time

By Kimberly A. Griffiths

ONE PAYCHECK AT A TIME reveals a new strategy for becoming debt free while living paycheck to paycheck. You customize the journal based on your pay schedule and learn the necessary tools for making... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1591133327
• ISBN13: 9781591133322
• Release Date: January 2003
• Publisher: Booklocker.Com Inc
• Length: 196 Pages
• Weight: 0.65 lbs.
• Dimensions: 8.5" x 0.5" x 5.5"

Customer Reviews

A Hands-on Approach to Debt Reduction

Almost all personal finance books tell you to eliminate your credit card debt . . . and to start by paying off the amount with the largest interest rate. Then, they almost all tell you to switch balances to take advantage of 6 month low, "teaser" rates from new card companies. Others go on to encourage you to save money in other ways, such as by refinancing your house, cutting up your credit cards, holding yard sales and carrying your lunch. One Paycheck at a Time has all of that advice, too. What makes this book different is that the advice is structured around a process for measuring, tracking and reducing your expenses. The center point of this material is a form that is applied to each paycheck that the reader receives each year. In the beginning, you have to do a lot of work to get started. But if you hired a financial advisor, you would have to do the same work (or pay a lot of money to have the financial advisor do it for you). So the work is necessary. You set up a budget for each item you have to regularly spend money on, and then keep the remainder of each paycheck in cash to meet other routine expenses and to generate savings for rainy day items. The system is one remarkably like the one that my parents used successfully for many years. For most of those years, they did not have a checking account. They would go to the supermarket to cash Dad's paycheck, buy some groceries, and keep the rest in cash which they allocated to different envelopes for different purposes. They kept track of what occasional expenses were likely to be (such as the annual car insurance premium) and saved the amounts needed in advance, one paycheck at a time. If you keep that concept in mind, you'll have the essence of this book.The book assumes that you get paid twice a month (although you can calculate the amounts easily for a monthly paycheck), and takes you through 24 pay periods. In each pay period, there are extra little lessons on how to save or earn more. Unlike most of these books where the author is a multimillionaire financial planner who has an accountant to do all of this nitty-gritty for them, Ms. Griffiths is a woman whose divorce left her at age 22 with $25,000 in credit card debt piled up by a gambling husband. It took her 15 years to eliminate that debt . . . and she has created this system to help you get faster results than she did. So she's been there . . . and done that. Despite that experience she doesn't personalize the story very much. This is a personal finance book rather than an autobiography. If you are terrible with numbers, you will probably have to get someone to help you. Be sure to get a calculator to help you add up lots of numbers and later divide them. After you've been using this system for 3 or 4 months, it shouldn't take long to apply it. One of the strengths of the approach is that it encourages you to see what you are spending. Seeing the details will probably help you identify lots of ways to sav

What a unique and logical approach to money management.

While the world is stuck on paying bills by the month, "One Paycheck at a Time" is providing an effective alternative, managing your money paycheck to paycheck.Kimberly Griffiths, the author, is challenging you to look at your money differently and not be sucked in to allowing your creditors to dictate the terms of how you pay your bills. She shows you in great detail how this method can and will provide you with a better understanding of your complete financial picture with debt reduction and eventual elimination as the goal.What really caught my eye was the enormous amount of money saving strategies found in this book. Each section provides you with tips, tricks and ideas on how to make managing your money a lot simpler and much more organized."One Paycheck at a Time" is not just for those experiencing money problems. I would highly recommend it to anyone that is looking for a better way to reduce their debt and get a handle on their finances.Terry RiggBudget Stretcher

a good teaching book about your wages!

ONE PAYCHECK AT A TIME covers all the usual culprits: lack of organization; impulse buying; too costly gift giving; out-of-control wardrobe.It teaches about getting & paying for insurance; education; banking; investments; smart shopping; maintaining your automobile; making more money, & much, much more. Rebeccasreads recommends ONE PAYCHECK AT A TIME for anyone in debt, especially those new to the workforce or parents whose youngsters are heading into the workforce.Get a copy & start learning how to handle your hard-earned money, & check out Rebecca's interview with this author.

Fearless Book Review

Fearless Book Reviewhttp://www.fearlessbooks.com"In spite of the cost of living, it's still popular." - Kathleen NorrisKimberly Griffiths truly knows our pain. She's been there herself - riddled with overwhelming debt and struggling to scrape by, paycheck by paycheck. In this book she shares her hard-earned knowledge and her handy system of paying bills, including the reduction of credit card balances paycheck by paycheck instead of monthly, as most of us are used to doing. Her theory is this: By concentrating precious financial resources to pay off our "target" debt (while simultaneously budgeting for ongoing bills like utilities and rent) we will get out of debt that much faster and grow that much wiser about money use in general. Griffiths' book is not only about "number-crunching" our way out of debt. It gives pointers on how to cut back on some of our more extravagant lifestyles choices, such as eating out frequently and buying overpriced clothing. Taking a simple measure like bringing a sack lunch to work three times a week or shopping sales can resolve many of our cash flow problems. Of course, with all this extra money in our pockets we'd be smart to continue paying down our target debts and start up a fund for a rainy day cost such as a major car repair bill. Better yet, once we have enough money saved up for contingencies we can start saving in good faith toward a once in a lifetime splurge such as a trip abroad. Who says money has to be saved for something dull?Packed with numerous Internet resources and budgeting charts, One Paycheck at a Time is a slim volume fat with helpful information on how to pull yourself out of debt and, once there, continue to experience a debt-free existence.- C.APPEL * 12/03-2/04

Debt Steps

Debt Steps Writes: http://www.debtsteps.com/personal-finances.htmlPractical Get Out Of Debt WorkbookKimberly wrote this ebook to help others through the same thing she went through when she found herself saddled with $25,000 of debt from her ex-husband. This ebook is not a "what she did" book, but a step-by-step guide, set out on a paycheck-by-paycheck basis to help you understand your money, your debt, and how it affects your personal finances. Kimberly offers great tips to help stretch your budget, as well as practical advice to get you to your next paycheck. Featuring worksheets you can use to track your money and debts, and a simplified envelope system to help you get your debts paid off. I do recommend this personal finances ebook, and at only $9.95 [www.onepaycheckatatime.com] it is a good investment in your financial future.