That sparked a few more questions from a few more viewers. On in particular caugh my interest.
We put our bills first, we know they're coming and we prepare for them. Whatever is left from our income after bills is split between things we need, our own allowance and savings. All our bills, except electricity and water, we know exactly how much it'll be at the end of the month. So instead of waiting for the bill to come in we pay half of it every two weeks (aka fortnightly). So then it's not as big a bill at the end of the month. It also allows us to put a little extra on the bill and then every now and then we get a free month from that bill. For example, our phones are $63 each a month, so we put $40 on each every fortnight and at the end of the month we are $7 ahead. That also goes for loans. Our car loan was supposed to be for 3 years, 2 years later we had paid it off.
We're so good at the paying of bills and we SUCK at the savings. Since having our daughter (who will be 2 soon) we never seem to keep our savings long.
We need all the tips and tricks to saving money as we can get. Before Hubby and I met he was good at paying his bills but the left over money was free money to blow on anything he was interested in that week. That has influenced me to do the same. Help?
Quick disclaimer: I am not a financial advisor. I am just a lady who lives on a budget. But Jason and I did answer her question: