Paid every 4 weeks

finnigan

We have the same situation. I use the microsoft outlook calendar on my 'puter. I enter my income and outgoings as appointments, I label the out as red and the in as green. The appointment repeat function allows me to schedule 'appointments' either 4 weekly or monthly and as neverending so I always know where I am. It takes a bit of setting up but once its done I only have to ammend an existing note if ammounts change.

Abbafan1972

Well hubby gets paid weekly, on a Thursday, but on a bank holiday week it's always a friday.

I get paid the last Thursday of the month, so some months end up being a 5 weeker.

We keep track of everything using Microsoft Money, it's the 2005 version but still works fine.

kamperkat

Hi Randomer - I started getting paid every 4 weeks last year - the way I deal with making sure I have enough in the right place at the right time is to put everything into a v simple excel spreadsheet - one for each account.
With the dates in order down the first column, incomings and outgoings in the second column and a running total in the third column - mine runs for the whole year so can see what I spend and how it affects the total even a month or six down the line... ie: I know that although this month it looks like I am currently £50 in credit in my joint account I know that on 2nd October I need to pay the phone line rental which is £46.50 so i know that the £50 spare can not be spent elsewhere...
I realise this is quite simplistic, most of my outgoing are direct debits so i know exactly what dates things go out and I do only have two accounts; one personal which my wages go into and a few billd come out of and one joint, which is for the rest of the bills, but i do it for both these accounts so I can tell exactly how much (or in fact how little ) money I will have in both at the end of December....i just wish it looked healthier than it does...:rotfl:

Penelope_Penguin

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randomer

thanks everybody.Kamperkat that sounds great exept I'm sadly lacking in the IT department!

foxy-roxy

stressed.mum wrote: »

Hiya I have 2 banks accounts - 1 for the bills and 1 for the rest. If you work out the months DD and just leave that money in it and transfer everything into your spending account there will always be enough money for the bills which ever day payday is. That would also give you 1 "bill free" payday a year.
HTH
Stressed xxx

This is an excellent idea, might give that a go myself.

Thanks stressed.mum :beer:

lauriepops

I do the same as stressed mum but because my wage can vary what I do is have a set amount transferred to an account every month, which is my spending money. This means that all my bills etccome out of the other account and any additional money is left in that account to go towards paying off the overdraft or in case of emergencies.

Dabooka

Two accounts, same bank. You can eaisly switch money between them and have one for bills and DDs another "living account" for shopping, withdrawing cash etc.

getmore4less

You have to decouple the income from the spends.

In the absence of a propper budget and cashflow analysis one option is to make 4 weeks pay last a month.

Use the extra months pay to cover annual bills.

There are many variations but nothing is a real substitute for a proper budget.