canada goose 7 tips to get the most out of every paycheck Paul Sisolak, GOBankingRates Oct. 19, 2015, 1:01 PM Wring out every cent. Shutterstock It’s a great feeling, having a paycheck burning a hole in your pocket. But that sensation can quickly turn to anxiety when you’re unsure what to do with the money or you aren’t wise with your financial decisions. A solid income stream and decent financial IQ might not be enough without a good financial plan in motion; you could still be living paycheck to paycheck, a problem that 38 million Americans struggle with every day, according to research from the Brookings Institution. Whether you just started your first job or you’re a veteran in the field, there’s no better time than now to start being productive with your paycheck. Learn: 10 Ways You’re Blowing Your Paycheck 1/ Get your money organized. See-ming Lee/Flickr 1. Create a budget. If your paycheck is used to randomly pay for various expenses, bills and purchases, but you’re not keeping track of what’s spent where, you definitely need to create a budget. This first step can be as easy as writing down your monthly expenses in descending order of cost and determining how much of your net pay should go to each. You can use a flowchart, budgeting calculator or one of several money budgeting sites, tools and apps