LogFAQs > #983093261

gamepimp12 posted...

actually not necessarily, were both wrong

I just looked it up.

it appears to be 3 months of cost of living is 95% of a quarters year earnings

so while its not as strict as youre saying because I can save 25-20% of my month earnings Im not pay check to paycheck

...What. No, it's not that complicated.

Living paycheck to paycheck literally just means that you have either nothing, or incredibly little, left to spend as disposable income and/or to put into savings, from every paycheck.

Bank of America Institute defines living paycheck to paycheck as a households "where necessity spending is more than 95% of their household income, leaving them relatively little left over for 'nice to have' discretionary spending or saving."

It has nothing to do with quarters or anything.