Tuesday, January 15, 2013

A VERY Easy Way to Save Money this Year

Here is a VERY easy way to save a good chunk of money this year that you can put in savings, put towards a vacation, pay off bills, etc. 

Do you or your spouse get paid every other week?  If you do, you get paid 2 times in most months.  In all of those months, you make your budget off of 2 paychecks and it covers the bills (we'll be talking budgeting soon if it doesn't :)).  With 12 months in a year, and 2 paychecks a month, that's 24 paychecks.  But if you're paid every other week, you actually get 26 paychecks in a year. 

This means that 2 months out of the year, you get an extra paycheck! 

Since you're able to live off of just 2 paychecks a month for 10 months out of the year, you should be able to do the same in the 2 months that you get 3 paychecks.  Having said that, you should be able to put those 2 extra paychecks in to savings, towards bills, etc without ever missing the money!

We do this each year and it's a very nice addition to our savings - and it's so easy to do! 

No comments:

Post a Comment