How do you pay your bills? Do you pay towards the balance each week or the total balance once due date comes?

Question

My husband and I are in our twenties. We have three children and we just want to be smarter and do better when it comes to our finances. We make a decent living. We have two cars, able to take vacations, and our kids are in extracurriculars. I am in the process of rearranging our budget & I was thinking it would maybe be smarter to pay towards or bills weekly instead of waiting for the due date. How do you handle your budget? I want to allow a way to save a little more and have a little better control over everything.

Answer

I pay twice a month because that’s when we get paid. I have a spreadsheet with which bills are paid with each paycheck. For example, the energy bills and a different paycheck than the cell phone bill because of when they’re due. I pay the credit card off with each paycheck. I also consider savings as a bill and put X amount into savings each month.

Answer

We have everything on autopay so we don’t have to worry about anything.  Too many bills🤪

Answer

I get paid twice a month. I pay the bills that fall in that first pay period with the first check. then I do the same with a second any bill that falls in between that two week window will get paid with that check. Left over goes towards necessities and savings.

Answer

I get paid twice a month and pay half of my car payment and half of my rent with each one.

Answer

If you are talking about credit cards then yes I pay in full every time before the bill is due. If you pay it off right away you won’t pay any interest but if you pay a little bit then your next bill will be remaining balance + interest. 
If it’s a house payment or a car payment then yea there is no way around not paying interest

Answer

We have everything on auto debit so we don’t have to see or worry about it.

Answer

I have all my bills set up on auto pay. I also pay my car payment twice a month instead of all in one so that way more goes towards principal. We are going to start paying extra towards our mortgage to get it paid off faster. I have an automatic transfer set up each Friday to put money into savings.

Answer

It seems like too much work to pay every week. I just pay every month. But if you have loans, paying more than you owe is good. Definitely recommend that! 
I've done that and if I hit hard times I've had months I didn't have to pay because I had already paid ahead so much.

Answer

Every pay check I take out 50% of my bills and move it to my savings account then I move it back to my checking account when it’s due

Answer

My husband and I both get paid once a month, so we pay our bills at the beginning of each month. Most utilities are on autopay. Everything else gets paid by the 6th.

How do you pay your bills? Do you pay towards the balance each week or the total balance once due date comes?

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