This is a sponsored post. All opinions are my own
As soon as you pay one bill the other magically appear in your mailbox. It’s tough when you live paycheck to paycheck. Many people have asked me how my family and I survive when I make less than $50,000 a year. (we are a family of 3) We do live paycheck to paycheck but what helps us is the fact that we use the half payment method. Let me break down what the half payment method is.
The half payment is when you take a bill that you regularly pay every month and divide it in half. It’s best to start this a month in advance so that you can stay ahead. Also, check with your creditors because some of them may even have a program that actually does the half payment method. Let’s break it down. Let’s say you get paid every two weeks. Your check is $1,000 and you have the following bills
Light – $150
Rent – $800
Car Note – $200
Car Insurance – $150
Cable (we bundle so it includes the house phone and internet) – $200
Now instead of paying all the bills up front half each bill but remember to start a paycheck early. My Light and Rent are due at the beginning of the month so I started this method on the last paycheck of the month on a month that I was able to bring in extra income and pay my bills earlier so let’s pretend all of the bills are on time and paid and nothing is due.
Now you just got paid your 1,000 from your job…..
Pay the light ($75)
Put money aside for the Rent ($400)
Pay half of your car note ($100)
Pay half of your car insurance ($75)
Pay half of your cable bill ($100)
Total = $750 – $1000 = $250
You now have $250 left over for the water bill (which is normally very cheap so I didn’t add that in) groceries, and gas. You have this every two weeks so you can stay on budget. Anything extra that you get from a side business, friends, or gifts should be used to pay off student loans or use it to invest. This is the method that I have used to get by on less every month. It’s tough when you first start trust me …it takes a minute to get your footing but once you start it works.
A great way to give you a boost to start this off is to get a loan. There is a great spot in Atlanta that doesn’t do credit checks or job verifications. Make sure you check out Chapes-JPL to get the loan that you need to boost help you start your half payment method.
Why go to a typical pawnshop with high-interest rates, questionable surroundings, and other predatory practices when you can deal with experienced professionals in a comfortable private office setting?
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