Comments on: 9 Days of Financial Idling Ahead http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/ A Personal Finance Blog with a Silly Name Fri, 10 Feb 2012 11:02:13 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Brainy Smurf http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-31114 Brainy Smurf Thu, 31 Jul 2008 17:03:54 +0000 http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-31114 Hi Karla! Funny you should post on this thread today -- another 3 paycheck month -- and again, I almost find myself in the same situation... Actually, today's paycheck (the third in July) hasn't been tabbed for anything yet, so I'm riding high. For now. ;0) Hi Karla!
Funny you should post on this thread today — another 3 paycheck month — and again, I almost find myself in the same situation…

Actually, today’s paycheck (the third in July) hasn’t been tabbed for anything yet, so I’m riding high. For now. ;0)

]]> By: Karla (threadbndr) http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-31111 Karla (threadbndr) Thu, 31 Jul 2008 15:52:03 +0000 http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-31111 My late husband was on that payment schedule, and you're right, it can really throw you off. What we did was use a couple of those "extra" checks to get to the point where we were using funds from "one month back". We changed our direct deposit to go to savings instead of checking; then set up auto transfers on the first and fifteenth to move 1/2 of expenses to checking. So essentially, you are paying the mortgage and first of the month bills out of the LAST check last month and saving the first check THIS month to pay the mid month bills. After a couple of those 'stutter step' checks, you have a full month's pay in savings - which is also a 'baby' or 'immediate' emergency fund, too! Would this work for you? My late husband was on that payment schedule, and you’re right, it can really throw you off.

What we did was use a couple of those “extra” checks to get to the point where we were using funds from “one month back”. We changed our direct deposit to go to savings instead of checking; then set up auto transfers on the first and fifteenth to move 1/2 of expenses to checking.

So essentially, you are paying the mortgage and first of the month bills out of the LAST check last month and saving the first check THIS month to pay the mid month bills.

After a couple of those ‘stutter step’ checks, you have a full month’s pay in savings – which is also a ‘baby’ or ‘immediate’ emergency fund, too!

Would this work for you?

]]> By: Moment of Clarity: When I Figured Out How to Fix my Finances » pantsinacan.com http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-1965 Moment of Clarity: When I Figured Out How to Fix my Finances » pantsinacan.com Wed, 12 Mar 2008 17:08:53 +0000 http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-1965 [...] tomorrow being a payday, the lull in my debt repayment plan is finally coming to a close. I’m pretty excited as it will give me the funds to be able to [...] [...] tomorrow being a payday, the lull in my debt repayment plan is finally coming to a close. I’m pretty excited as it will give me the funds to be able to [...]

]]> By: Live like Most Won’t to Live like Most Can’t » pantsinacan.com http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-1702 Live like Most Won’t to Live like Most Can’t » pantsinacan.com Wed, 05 Mar 2008 15:15:12 +0000 http://pantsinacan.com/2008/03/04/9-days-on-financial-idling-ahead/#comment-1702 [...] « 9 Days of Financial Idling Ahead [...] [...] « 9 Days of Financial Idling Ahead [...]

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