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In retirement, regular and steady revenue is a better metric than net worth or the size of a stock portfolio.  The reason is net worth inclu...

Sunday, December 07, 2025

Spent All My Paycheck Before Next Payday

I ran out of money my first month of working, a few days before my first paycheck. 

When I started working, I was given a one month advance to cover living expenses, which I think was paid back with future paycheck deductions.   Back then, I spent on a cash basis since I didn't have a credit card yet.

I was paid at the end of the month.  With three days left in the month, I ran out of money.  No cash in my pocket.  Fortunately, I didn't have to pay any bills nor buy any essentials such as food or gas.  I was concerned but not worried yet. 

Although nothing bad happened,  I decided that I would manage my money better and never overspend my paycheck again.  One of my better personal finance decisions.

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This is not financial advice. Please consult a professional advisor.

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