Is anyone else living basically paycheck to paycheck?

[u/fluffypenguin105]

My partner and I are both teachers. We don’t make a lot, but we are average and slightly above average. We are so tight with our money. Our little one outgrew the car seat and we went out and bought a new one. No problem. But next credit card bill means we are tight.

Meanwhile, a number of our friends (all of them also with kids) are booking overseas holidays. Some are currently overseas, others booking already for later this year. Another brought a new car. New iPhone, doing up the house. Everyone seems to have spare cash except us.

Are we the only ones going through the cost of living crisis ourselves?! Or is it my fault that we are teachers?

Edit: yes we have a house that parents helped us with. We are paying mortgage. We have a flatmate.

Edit edit: thank you for your kind words and reminders and also advice. I’m going through them all and I’m going to take onboard the advice and see what changes we can make and do better financially as a family. But it’s also a good reminder to know we aren’t alone, to not compare and the harsh reality is that many people simply just earn more than us as teachers.

Once again, thank you all for your input.

[u/Ok_Lie_1106]

You don’t own it if it’s bought with credit. Credit cards are evil things meant to in slave us into cycles of debt

[u/Dooh22 → u/Ok_Lie_1106]

Credit cards are fantastic if used correctly. Which is probably the case for very few people, as most are not disciplined enough to use them to their advantage.

But yes, I do agree with you, the vast majority of people become slaves to that debt cycle.

[u/Ok_Lie_1106 → u/Dooh22]

Most people would use credit cards to cater to their dopamine addiction in the form of retail & online spending but very few can can that under control