A common financial trap most people fall into, especially during economic uncertainty, is living paycheck to paycheck. Living paycheck to paycheck can make it difficult to afford anything outside of your basic living needs (i.e. food, housing, transportation, etc.). Even the thought of switching jobs or affording the basics if you are terminated may be a scary thought when you are living hand- to-mouth. A diverse range of emotional and financial consequences can result when your finances are tight.
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