My dh just got a new job and he is paid weekly. What is the easiest way to pay bills when you get paid this way? I guess it is kind of scary because our mortgage is obviously more than that one weeks check.

Make a budget and save out of each check what you will need for bills. My dh has always gotten paid weekly and we have never had problems. We know how much we can spend out of each check and how much we have to save.

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"It's time to move from what we can do, to what we must do, to what we will do." ~Hillary Clinton

That sounds like a good plan. Thank you!

When I was in school and my SO had a different job, we got paid once a month on the last day of the month. Our budget then was to simply take the total bills off the top, then put some in savings, then split the rest by the number of weeks in the month. Once I got used to that, it was really hard to go back to bi-weekly, so I know how you feel. I think if you can get a month ahead in your budget, the easiest thing to do would be to add up all the bills and split the number by 4, saving that much out of each check for your bills. If you can't magically get a month ahead (how many of us can just DO that?) I would sit down and make a standard budget based on 4 weeks, having so much come from each check for your big bills and paying the smaller ones with what's left. Our budget works well that way, but we get paid bi-weekly now, so it's a little easier than weekly.

We are a weekly paycheck people and what I do is assign the checks.
You get 4-5 a months
Week 1 Pays autoloans and insurance and utilities
Week 2 Pays Student loan, Lowes card, Gas bill, Phone Bill
Week 3 - 4 needs to be saved to pay the morgage
week 5 goes toward the CC Debts
So that it.

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Kimberly Proud Mommy to Bethany Rose April 2006

This would be ideal, for sure. That's a great idea.

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"It's time to move from what we can do, to what we must do, to what we will do." ~Hillary Clinton

Great idea! I can't seem to things of these thinigs on my own. It does help to get advice from people that have been through it!

Thanks so much for taking the time to do this!

I remember when we used to get paid weekly and I did something similar to Kimberly -- we would designate a purpose for each weeks check (including savings) then move the "extra" to a second discretionary checking account. Then we would "spend" from that account on things that might change or fluctuate like groceries and entertainment.

We never had a problem and because some months the "budgeted" amount for say electricity and water may be more or less it was good to just leave the cushion in the bills account and not move it to the spending account.

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Grace

Wife to Stoney

Mommy of Sarah (8.5), Hannah (7), and John(5)

Do you pay your mortgage online? If so, it might be easier to simply pay part of your mortgage every week (if allowed by your mortgage company, of course). It could even save you a few dollars in interest by not waiting until the due date to make the payment in full.

Just an idea.