The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Get Help
    • Money Coach University™
    • Books
    • Financial Coaching
    • Speaking
    • The Money Coach Recommends™
  • Contact
  • Building Wealth
  • Investing
  • Credit Scores
  • Student Loans
  • Paying for College
  • Saving Money
  • Real Estate
  • Credit Card Debt
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Get Help
    • Money Coach University™
    • Books
    • Financial Coaching
    • Speaking
    • The Money Coach Recommends™
  • Contact
No Result
View All Result
The Money Coach
No Result
View All Result

For Those Earning a High Income But Still Feeling Broke

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Budgeting
Reading Time: 1 min read
55
SHARES
909
VIEWS
Share on FacebookShare on Twitter

Are you one of those people, or part of one of those couples, who’s making a lot of money, but you still feel broke?

Maybe you’re making $70,000, $80,000, $100,000, maybe $150,000 or more — but you still feel like you’re living paycheck to paycheck?

You need to really think about your lifestyle, and what costs you’re incurring that may be making you feel so cash‑strapped.

If you earn $100,000 or more, you’re doing very well. The average household income in America is about $60,000, so if you feel like you can’t get by on six figures, there’s a problem.

Your lifestyle is likely matching or exceeding your take‑home pay. Are your kids in private school? Are you eating out too often? Are you traveling more?

What about your shopping habits? Are you the person who has to have the latest and the greatest, the designer jeans, the high-end handbags, jewelry?

It can be a bit too easy to slip into a level of luxury you really can’t afford. But it’s important to watch your expenses, no matter what your income.

It’s not easy to do, especially if you live here in the money belt, like New Jersey, and in the greater New York area.

Housing is expensive. Property taxes are expensive. Food, insurance, healthcare, everything seems to cost a small fortune.

But for those costs that you can control, be aware of where your money is going. Do you really need designer clothes, or gourmet food products (when you know you’re really paying extra for the elegant packaging)?

Ask yourself — “What can I keep, and what has to go?” It’s just that simple.

Previous Post

How To Save More Money and Overcome Past Financial Issues

Next Post

10 Things to Stop Buying Now

Related Articles

Financial Truths
Budgeting

7 Painful Financial Truths You Need to Accept in the Age of Coronavirus

by Guest Blogger
talk to your teens about money
Budgeting

How to Talk to Your Teens About Money During the COVID-19 Pandemic

by Guest Blogger
new budget COVID-19
Budgeting

10 New Budget Items to Add Due to COVID-19

by Lynnette Khalfani-Cox, The Money Coach
prioritize your bills
Budgeting

How to Prioritize Your Bills During COVID-19

by Lynnette Khalfani-Cox, The Money Coach
Saving - Lynnette Khalfani-Cox
Budgeting

COVID-19: Why Saving Should Be Your Top Priority

by Lynnette Khalfani-Cox, The Money Coach
budget mistakes
Budgeting

The Truth About Why Your Budget Keeps Failing

by Lynnette Khalfani-Cox, The Money Coach
Financial goals - AskTheMoneyCoach.com
Budgeting

How to Plan for Future Financial Goals and Juggle Today’s Bills

by Lynnette Khalfani-Cox, The Money Coach
Lynnette Khalfani-Cox
Budgeting

Manage Your Budget and Debt With These Free Tools

by Lynnette Khalfani-Cox, The Money Coach
financial fixes lynnette khalfani-cox
Budgeting

Financial Fixes for 3 Sneaky Summer Expenses

by Lynnette Khalfani-Cox, The Money Coach
Next Post
10 Things to Stop Buying Now

10 Things to Stop Buying Now

About

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.

Quick Links

  • Money Coach University
  • Lynnette's Personal Site
  • The Money Coach Corporate Site
  • Video Portfolio
  • Privacy Policy

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2022 TheMoneyCoach.net, LLC. All Rights Reserved.

No Result
View All Result
  • Meet Lynnette
  • Money Coach University™
  • Books
  • Financial Coaching
  • Speaking
  • The Money Coach Recommends™
  • Media Kit
  • Contact

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist