New position, new paycheck and the money is already spent. I've done that. I'm getting better with birthday checks and other windfalls. My Strategy: I stash away or carry the check in my purse until I have time to make the deposit in my savings account. It's a new system and it's working.
(My birthday was in July and I still haven't touched the check from my Aunt.)
On the topice of pay raises: MSN Columunist MP Dunleavey has a good piece today about getting more mileage from pay increases. Her suggestions are helpful: set priorities, avoid upgrades, tinker with the budget.
2 comments:
It's so true- This is why you can have people who make hundred of thousands of dollars a year- even millions- who still live pay check to paycheck! For me, if I don't give myself access to it, I don't spend it.
Thanks for your comment.
You'r right. I once interviewed a banker who told me that I would be surprised at the number of allegedly high-net worth individuals who live from paycheck to paycheck.
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