Comment on Just the essentials

FlexibleToast@lemmy.world ⁨20⁩ ⁨hours⁩ ago

• fishpen0@lemmy.world ⁨19⁩ ⁨hours⁩ ago

  I miss being paid this way. It’s actually incredibly convenient to always have all bills and automatic transfers tied to exact dates you know you are being paid. I could keep my checking account at nearly zero with no float and have all my money earning interest

  Being paid biweekly sucks because one month it’s the 8th and the 22 and then another month it’s the 12th and 26th and then for some reason there are two months where I get paid three times, etc… and I have to keep basically a whole paycheck sitting in checking to absorb bills and whatnot because the day I get paid is constantly changing.

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  • FlexibleToast@lemmy.world ⁨18⁩ ⁨hours⁩ ago

    A long time ago, I learned a way to do something that had a similar effect. Most places I’ve worked allow you to have a split deposit. So, I have two checking accounts at my bank. Add up all your monthly recurring expenses, then have a split deposit so that enough money goes to one of the checking accounts for the recurring expenses, anything leftover goes to your other checking account. You can spend all the money in the “spending” account because your bills are covered by the “bills” account.

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    • fishpen0@lemmy.world ⁨18⁩ ⁨hours⁩ ago

      I also do this. The account I can’t leave at zero is the one that gets automated bills. It’s an unfortunate side effect of being paid on a random day of the month instead of consistently on the 1st and 15th.

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