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Biweekly Pay

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  • Biweekly Pay

    This 52-week Savings Challenge looks like a great and hopefully painless way to save! For those of you who are paid every other week, do you see what you have left after paying bills and then pick 2 numbers to cross out that equal that amount? Or each week do you see how much cash on hand (or in your account) you have and cross out a number from that? I think I will probably choose the first one.

  • #2
    Hey Chris. Nice to see you might start the challenge. Everyone's situation is different, but I like to pay myself first into savings. I often find that I don't have much money left after paying all the bills, so by saving first (within reason of course) I force myself to save and then live with less so I can still pay the bills.

    It's a common problem I think that people claim they don't have any money left to save at the end of the month, so several experts write that you should pay yourself first. It seems to work well for me.

    Good luck!

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    • #3
      Thanks for your reply Steve! That is a very good point about not having enough to save if you don't pay yourself first. I am such a list-maker, and I have a calendar set up with pay dates and bills due during each pay period. I've been focused on crossing off those bills as quick as I can with each payday. Perhaps it would be wise to include a payment to savings as a line item.

      Good luck with your savings also!

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      • #4
        I act like my savings is a bill so I add it to my bill spreadsheet each month and then mark it off once I complete it. I put my savings in an envelope.
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