splitting up monthly wage into weekly amounts

Kittenkirst

Re my earlier post; the bit I was unsure of was whether you could hold more than one current account (without having to transfer a 1000 across each month to cover the minimum funding clause). I've called my bank and have set up some side accounts to help with budgeting weekly spends.

knightstyle

I also find this confusing, made more so by some bills being every 4 weeks, not monthly! Then Council tax stops for a couple of months, not easy to work out a regular amount to transfer. To answer the original question why not multiply monthly salary by 12 and then divide by 52?

heloid

As simpler way would be to move your budgeted money weekly to a spending account. Hopefully you'll always have enough in the account your wages go in to to pay for mortgage/rent/bills.

talana

knightstyle wrote: »

I also find this confusing, made more so by some bills being every 4 weeks, not monthly! Then Council tax stops for a couple of months, not easy to work out a regular amount to transfer. To answer the original question why not multiply monthly salary by 12 and then divide by 52?

You can ask to be billed over 12 months rather than 10 for ease of budgeting. All you need do is phone up and request it.
Don't know why the default is always for 10 monthly payments, would seem perverse.