pay day

many of you are rubbishing Fox's reply, but I pose the same question..

the only 'unexpected bills' I can think of would be car repair or a new washing machine etc..

it's easy to put all other bills on monthly DD's and it really makes sense to do this. then put say £75 a month aside into the 'just incase' fund. and you're set
 
I rarely come into money problems because I plan my expenses. A spreadsheet listing monthly direct debits, how much me and missus have been paid, then savings and what's left for day to day money.
 
bledd. said:
many of you are rubbishing Fox's reply, but I pose the same question..
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Me too, never understood why people get so excited about "pay day".
Its all money in and money out, why does it matter when this money comes in and out as long as it happens at the same frequency?
 
I don't worry about pay day, It comes on the 28th of each month, then monies goes out for bills, mortgage etc and I am left with the same each month to play with. But this month is good as I got a pay rise :)

Borich
 
msm722 said:
I rarely come into money problems because I plan my expenses. A spreadsheet listing monthly direct debits, how much me and missus have been paid, then savings and what's left for day to day money.
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This is what i do. It works a treat :D Untill you go on a mad spending spreee. LOL

Andy
 
All mad spending happens just before pay day with what ever money is left over.
 
Get paid 25th so should be brought forward to the 24th, have a little money for day to day stuff but nothing to actually "spend" :(

GFX card just died on me as well...
 
I agree with Fox.

But there will always be two types of people... those who instinctively budget and those that can't or don't.
 
It's been an expensive month for me. Bought a car, insurance+breakdown cover for said car (costing nearly twice as much as the car itself did), new shiny shoes and archery kit. On top of rent+food+beer. Still, I should have enough to see me to payday on the 28th.
 
I always have more than half my paycheck left over when the new one arrives. I should probably start spending it.
 
Jez said:
Me too, never understood why people get so excited about "pay day".
Its all money in and money out, why does it matter when this money comes in and out as long as it happens at the same frequency?
Click to expand...

Well it get's more difficult with the less money you have.

Every month I usually take off all my expenses & bills that I know I'm going to have (rent, ctax etc), then with whatever's left I divide it by how many weeks are in that month and I try to stick to using that amount weekly.

Sometimes things can crop up though and not everyone can afford to save at the moment. For me I was trying to get the ex back so I've spent quite abit of cash earlier on this month taking her on days out or meals etc. This has actually left me with about £30-40 a week rather than the £90+ a week I had originally planned. It was worth spending though because I think I'm sorting things out with her. But I am going to be a little skint for the rest of the month. But next pay day I should see my wage increase and overtime, but any extra I get ontop of my normal wage is going in my savings!

I also had my car broken last week so I've had to spend money getting that sorted :/.

I used to be really bad with my money though, sometimes you have to learn the hard way I guess!
 
I used to be paid on the 15th of each month but a couple of months ago the company announced that they are moving payday and it will be the last day of the month.

I last got paid on March 15th and won't get paid again until April 30th - it's starting to hurt a little.
 
I have 6 months savings in a account, so if I lost my job I could pay for my rent for the flat in london, and mortgage in Cornwall for 6 months, which would give me time to hunt for a job and no worry about bills. Its surprising how many people have little or no savings behind them so if they lost their job they would be screwed (watched Panorama last night).

Borich
 
borich_planner said:
I have 6 months savings in a account, so if I lost my job I could pay for my rent for the flat in london, and mortgage in Cornwall for 6 months, which would give me time to hunt for a job and no worry about bills. Its surprising how many people have little or no savings behind them so if they lost their job they would be screwed (watched Panorama last night).

Borich
Click to expand...

Most people don't have the choice to save.
 
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