- This topic has 18 replies, 1 voice, and was last updated October 15, 2007 at 4:13 pm by .
- October 15, 2007 at 4:13 pm #253818
I am disabled and so is my special needs daughter. We get our
checks the first of every month.
I pay for necessities first, then the rest
Whatever I have left I budget the least amount I can on groceries,
I plan my menus for 2-3 weeks and shop for that
Then I freeze a lot of leftovers and make casseroles
Anyway, I pay all my bills at the first of the month.
In the past when I got some back child support I paid some of my
bills a month in advance, so that I was a month ahead and could just
pay all of my bills when my checks came in.
It sounds as if your salary will allow you to do that.
If you could double pay a bill or bills and get a month ahead, then
you could write out all of your bills when your paycheck comes in
and be done with it, and not have to worry about what dates they
are all due.
I don’t have any credit card debt, as I screwed up my credit so
royally when I was younger that I could never even get a credit card
( thank God they turned me down!) My debts are old hospital and
medical bills when my children and I did not have insurance or the
part that insurance did not pay, like my hysterectomy.
Also some really dumb ones like fingerhut and hickory farms where my
ex and I ordered stuff for Christmas one year and just could never
pay it back.
I don’t even know how to get a free credit report to see what all is
on there does anyone know?
I do owe student loans. I took out $5,000 and became disabled and
now I never repaid them, so the balance has gone up to over $8,000
and they have added interest and sold my loan to other companies
over and over.
This was 10 years ago. I have applied many times for the debt to be
forgiven as I am disabled and they were supposed to be, but, they
are still calling me and the amount keeps rising.
I am the mother of 3 teenagers and 2 are special needs. I just
cannot bring myself to make a payment on them every month.
I guess I really need to do that, I feel so overwhelmed, like I
will never pay off that amount with interest being tacked on with a
$20 or $50 a month payment, you know?
— In Budget101_@yahoogroups.com, Herlean
> I have never had to deal with being paid just once a month. I am
quite fond of the every two week system. 🙂
> I am not a big fan of letting the company have free will to
remove funds from my bank account, even though I recently did it
with my mortgage. There were some hiccups, but it is fine now. It
was so frustrating at the beginning. Some companies get “happy”
and take as much as they want, not just the “scheduled” payment.
For example, if your payment due is $15, but you are past due or
something, the company takes it upon themselves to just help
themselves to $75. If you had not accounted for $75 and they take
it, you are going to have a problem there.
> If you can pay the bills as they come in, I think that would be
best. Nothing will be late. You will pay less interest (credit
> In our household, we have been working on paying debts (1) as
they come in, (2) so they are mailed at least 5 days before they are
due, (3) more than the minimum, and (4) in line with payroll dates
(both my spouse and I work outside the home). Doing it this way, we
have paid some bills off in full, incurred far fewer late fees and
charges, feel much more in control of our situation and more hopeful
at getting out of debt.
> This is a strange question to ask and I need some advice.
> Recently I changed jobs after 21 years in the drafting field I
> changed jobs and companies. My new job is cost estimator. I have
> never done anything like this before so I am excited to be doing
> something new. My background in engineering will be helpful with
> quoting for my new job. The pay scale was also a factor in my
> My question really is about living on a once a month payday and
> budgeting bills.
> For 21 years I was paid every weekly but the new company I am
> for only pays its salary employees once a month (Last Thursday of
> every month is now my payday.) I started work on September 24 so my
> first check will not be until October 25 according to the personal
> manager. This just took me off guard and has already put a strain
> my savings. The other kicker to this is after years and years of
> letting my debt get out of hand, I started a “debit diet budget” to
> get my money under control. However, I was only two months into
> budget when I started this new job. My budget right now is
> on my saving to get me through this month to my fist paycheck.
> Is there anyone else out there working at a job that pays like
> Can you give me advice on the best way to pay bills?
> Examples of random thought I have had.
> -I could pay the bills as they come in one by one. (Quick turn
> around / in and out thinking)
> -I could continue pay the bills as I have been by sorting them out
> by what week the due date and sending out at the appropriated time?
> (This would be a controlled and calculated budgeting as I have been
> -The other option is to set up direct payments from my account to
> bill company’s so they can just take the money when due. (Don’t
> worry and let them do as they will attitude)
> I have thought of pro’s and con’s to all of the above options.
> I am just looking for some advice from others in my situation.
> Living on this month to month will take some time to adjust I know
> already. I now have a running joke with my family that this is just
> my first step into living on fixed income and retirement.
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