- 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 #253750
If you have access to a library, look up work book and reading book on Dave Ramsey. He is an excellant financial advisor. We are taking 13 week classes on budgeting, saving, getting out of debt etc.
He will tell you that it takes time. When you start the budget it will take at least 3 months to adjust and to see it work. He also tells you to sell what you don’t need and get another part time job if you need to.
My husband and I will be downsizing when our youngest goes off to collage (which will be in a few years). We have made changes in our choices, but we have to stick to it. It is not a quick fix it is a lifetime change.
original message —-
Sent: Monday, October 15, 2007 11:13:05 AM
Subject: Budget101.com : Budgeting question, how to live on one paycheck a month
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
My background in engineering will be helpful with
quoting for my new job. The pay scale was also a factor in my career
My question really is about living on a once a month payday and
For 21 years I was paid every weekly but the new company I am working
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 on
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 this
budget when I started this new job. My budget right now is surviving
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 this?
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
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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