Pays Yourself First, Budget?

Started by Nolan R.
Followed by: @Tia @Taylor @JessaLynn @Michelle @Shannon @Elena @Amanda @Edward @Chrissy @Stephanie @Shalanda @Marquita @Misty @Ashley @Patricia @Donna @Ronald @Erica @Eva @Angela @KIMBERLY @Juliann @Yvonne @Edwina @Ninna @This @Rosa @"Sherrie D" @Yajaira @Lisa @Latoya @Monica @Crystal @Paula @Donald @Jessica @Denise @Thomasina @Chrystal @Destiny @william @andrea @Esequiel @Summer @Samanthia @Christine @Lorie @Kristina @MichaelJohn @Ashly @Alicia @Mindy @Lashonda @Tracy @Felisha @Charlene @Deborah @Neosha @Timneshia @Angela @ALEXIS @Autumn @Ohsha @Alicia @Destiny @angel @Travis @April @Ericka @Ashley @Tim @Angel @Veronica @Carmen @Tori @April @Celeste @Luz @Lisette @JOHN @Christy @Roberta @Kirsten @Lanna @Melissa @Melody @Katie @Christy @Shalanda @Yshaunda @Brittany @Denishia @Antonella @Luis @Brittany @Nicole @Elizabeth @Lakisha @Ashley @Takeshia @Amy @Michael @Jennifer @SABRINA @Angela @Aaron @Shamika @Felicia @Sabrina @Shaira @Armonie @Megan @"Lisa AKA Smallz" @Joanne @Heather @krystal @Lashanda @Melora @Jeremy @Brian @Kiara @Willie @Amonte @Joshua @Tabitha @Gobby @Kristen @Elaine @Suzanna @Arendena @Jessica @Nikita @Lashonda @Dawn @Kevin @Leonel @"Kimberly Dee" @Katie @Maria @Priscilla @Amber @Jaymar @Tina @Theresa @Karen @Daisia @Lisa @Adriana @Cherrie @Scott @Crystal @Kimie @Jessica
K

Kristen O.

Warning: The method I use is perhaps a bit risky for some; especially those who are tempted to spend.

For me, I find it helps to have my paycheck go directly into my savings account. This way, I really have to debate whether I want to purchase something that is not in my budget because the money is "not there" [in my checking account]. (A set amount is transferred to my checking 1-2 weeks before my credit card payment is due, and I pay in full each month).

It takes quite a bit of discipline and planning this way, but I find that I can save about 13%-20% of my paycheck each month this way. I'll set intermittent savings goals to give me an idea on when I "have enough" to splurge [a set amount] on the purchases that I have been debating, and different savings accounts to make sure I do not dip into savings that have already been assigned to other goals.

T

Tishyra A.

Even with this stimulus check. I am still paying myself first. It's important.

S

Shana G.

It is hard and simple. You have to know your monthly expenses and then in a direct deposit the goal amount into another account for yourself. But be reasonable.

Add a post