I bet paycheck to paycheck like most things has a range of meanings circling around the same essential thing, which is that if you do not get paid next month you cannot afford to live the same next month as you did this one.

You might be able to make ends meet by cutting the 401K and yoga classes, but if that's what you need to cut to eat the next month, what do you cut to eat the month after that?

This guy was obviously not living anywhere near paycheck to paycheck.