Budgeting question, how to live on one paycheck a month

Budget101 Discussion List Archives Budget101 Discussion List Budgeting question, how to live on one paycheck a month

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      Ahhh drafting the feast or famine field. lol! i would recommend that

      any bill you are paying interest on you pay immediately, no matter when

      it is due, unless you have already made this month’s payment, then do so

      immediately after the close off date for this month.

      bills like utilities and others that don’t charge interest i would

      write out, put in their mailing envelope with the date it should be

      mailed by written where the stamp goes. then mail it just before or no

      later than that date.

      the reason i say do it this way is because most interest is figured on

      an average daily basis balance. so the sooner you pay the lower your

      interest will be. and if you find you absolutely must float a bill the

      late fees on these is usually much less than those on charge cards and

      other loans.

      however, if you don’t mail the utilities and such immediately you could

      be earning interest in your checking account if yours is one that pays

      interest.

      if you have some bills you can’t meet before the first paycheck contact

      the creditors and explain the situation perhaps they will work with you.

      jan whose draftsman is now the autocadd co-ordinator for a world wide

      business in ok

      stantonpa wrote:

      >

      >

      > hi

      > this is a strange question to ask and i need some advice.

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Budget101 Discussion List Archives Budget101 Discussion List Budgeting question, how to live on one paycheck a month