splitting up monthly wage into weekly amounts

gregor1985gregor

Hi does anyone know and online service or how I would go about having my wages split into weekly amounts less monthly bills and have it deposisted into an account I can use for spending ????

please help searched over the internet but there is so much to look through, thought someone would be doing this already.


Thank a lot.

Gregor :T

MPH80

I'm a bit confused what you're after. Are you wanting your wages split into multiple accounts, or just moved over into one account?

Also - do you know already how much is left over after monthly bills or do you want something to work it out?

jamesd

Open a savings account and second spending current account. Put the wages less bills into the savings account and have a standing order set up to pay money into the spending current account each week. Keep a safety margin of a few weeks of money in the savings account so that months where there are five weeks don't make it run out of money.

Svenena

I do this. I have two current accounts. My pay goes into account A, and all bills go out of that account by direct debit. I then set up a weekly standing order into account B, which is for my spending money. I don't know the pin for the card for account A, so I can't use it whilst I'm out and about (although I can transfer money by internet banking if necessary).

Remember with a weekly SO some months will have four and some five, so make sure you have enough money for five. The amount I put into my spending account is the maximum I want to spend, rather than my pay minus bills divided by five, so anything left in account A at the end of the month gets put into a savings account. I really like this system, as it means it never matters to me that it's nearing the end of the month (pay day), because I have the same amount of money to spend every week.

(This is actually a simplified version of my banking, which involves four current accounts and around 12 savings accounts, lol. I'm a big fan of piggy-banking!)

Mikeyorks

bendix wrote: »

In a related query, I need a pee. Can someone give me some advice on how to best go about it?

Would that be into separate toilets or all in the same one?

If separate - are they in different towns?

Venusflytrap

Hilarious! :T

jamesd

bendix wrote: »

In a related query, I need a pee. Can someone give me some advice on how to best go about it?

Sorry, minimum is to get through the turnstile is 10p so you'll have to save until you have nine more.

u704446

Unbelievable . . truly unbelievable... someone mocking a newbie.

Mikeyorks

Nah. It's Bendix's potty training we're helping with.

Derivative

All a bit too complicated for my liking.
Each week, generally Sunday, I withdraw some cash from an ATM.

That's my weekly budget.

Spending cash is harder than spending digits, so it has the side-effect of helping me save too.

Kittenkirst

I like the idea of this but never been sure how to do it, thanks for asking the question Gregor :0)

Ignore people being unpleasant, there is nothing wrong with asking questions, its how we all learn!