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Planning and Plotting with the Six Week Budget Cycle

July 2nd, 2017 at 09:06 pm

I was able to pay some of the medical bills this month, but our next payday isn't until July 21st. I ended up putting some of it on my Citi card which isn't due until August 3rd. That will give me two paydays, the 21st and 28th, in which to pay that card off before it is due and I should be able to do that.

The bill for my daughter's hospital visit has not been paid yet. It is due on July 6th and is $2,333.48. So on July 6th I will go online and pay it using the American Express card, which is not due until the 14th of August. That gives me the full payday on August 4th and the four day payday on the 11th to pay that card off before it is due.

I will still have to borrow about $1500 from the Emergency Fund, but hopefully I will get that put back by the end of the coming pay cycle or at least most of it. I should be getting a paycheck from Google/Youtube this month, too. A small one. It'll go into savings.

After the August 11th paycheck DH won't get paid again until September 1st. I am not a big fan of the 3 weeks on/3 weeks off work hitch. It makes it really hard to budget for six weeks. The 2 weeks on/2 weeks off fell much more nicely into a monthly budget.

One of the things we did to make it easier is we changed our storage payment from an auto withdrawal from checking to an auto charge to our credit card. That way I don't have to worry that the money is in the account on the right day, just that it is there for the due date on the credit card. I am considering finding out if we can have the life insurance put on the card as well so we'd no longer have any auto payments coming directly out of checking. Might do that with internet as well. We still get a paper bill on that, but I think we can set it up to go to a card.

If everything is on cards, then I don't have to worry about it so much. And the only bills I will expect to see in the mail are medical bills and the garbage bill. The garbage company does not allow for credit card billing. It comes once every 2 months, so not a big deal with a six week pay cycle instead of a 4 week pay cycle.

I know I'll adjust to this way of budgeting eventually, but until I do, I'll have to keep doing mental gymnastics to make sure everything gets paid on time and that I don't have to pay interest on anything.

7 Responses to “Planning and Plotting with the Six Week Budget Cycle”

  1. rob62521 Says:

    It sounds like you have a good plan on this budget way. I don't think I'd like the way your DH gets paid either.

  2. ThriftoRama Says:

    Boy, that does sound complicated! But, it also sounds like you are on top of it.

  3. LivingAlmostLarge Says:

    Really complicated. What about budgeting on a month? I used to get paid once a month and got used to paying bills on the first! Just got into the habit from years ago and it does make life easier.

  4. LuckyRobin Says:

    LAL--I would if it hadn't been for all the medical due right now. I'd normally just save the amount I needed over, but that's not possible right now.

  5. FrugalTexan75 Says:

    What if you took from your EF what you need for one months bills and used it as a buffer, and then when you get the next paycheck, budget for the next month and put the remainder (minus a buffer amount) back into the EF? That way you don't have to worry about timing of payments, etc. (You still would have the EF money, just using it as a buffer.

  6. LuckyRobin Says:

    Laura--I was working on building a buffer when the $6000 in medical bills came in. It basically threw it out the window.

  7. FrugalTexan75 Says:

    ok.

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