It’s funny how a single comment can change your life. At least 15 years ago, a colleague was jokingly talking about how his check goes to bills. He laughed and said, “I’m king of partial payments.” A light bulb went off in my head and I’ve been making biweekly, half payments (and setting aside half of rent in a sinking fund) ever since.
I’ve been doing this for years and it’s a game changer. I get paid weekly so I break my bills by 4 for four weeks and set aside each bill amount. I couldn’t imagine paying my share of the mortgage out of one check. I would be eating air for dinner 😅
i do the same thing for my son, had to show him how now that he an adult. break it down weekly on the credit card, a portion of the paycheck is transferred to the credit card and then the rewards towards the balance before the statement closing date for zero interest.
It makes a huge difference. I have separated by bills in an A and B method for years and i could never go back. I pay all my bills on payday which also helps me never miss a bill. Its def helping everyone that there are more people on youtube having open conversations about money. so many people were never taught.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place...
First profit grew rapidly and that has made me invest without the fear of losing, I got four of my friends that I introduce to him and they are making profits just like me..
I've been doing this for 20 years for expenses, savings (sinking funds including 911 fund) and spending $ (cash envelopes). Immediately when I get paid an auto transfer occurs to bill account for 1/2 expenses; auto transfer for 1/2 savings and what is left in the account is spending and a small buffer of about $100. Everything is the same amount every pay (biweekly). Easier to track for us. I love it.
I completed my goal to get a month ahead. I was able to make funding all the bills I have to pay from one paycheck and all the variable and sinking funds from the second paycheck. That first check is tight but since I’m a month ahead, it doesn’t hurt since it’s funding the next month. It took a few months to get 1 full budget month ahead, but it has been a game changer for my finances.
I did this to pay rent but never considered the other bills. Actually, after watching the full video, I currently do this for all bills. I initially misinterpreted. Thanks so much!
This was super helpful! I been wanting to do this for so long but got easily overwhelmed when trying to create a plan to do so. I did mine a little differently (because my circumstances are different), but this video was so helpful in just getting this started and understanding how to take it one step at a time. So thank you!
Hi Dyana! I have used the half method for my larger bills such as my mortgage.. . I may just try this for more of my bills to see if it is something that will work for my budget. Thanks for sharing this! I love your channel by the way.
I love this! Split payments are a game changer! I love seeing different financial tips! I’ve found these tips helpful: for car notes, reach out to your car loan lender. They can split payments to bi-weekly. It can get an extra payment in during the 5 week months. It’s when you get that extra paycheck (if you get paid bi-weekly). Can help pay off a car quicker. Keeping at least $1,000.00 in the checking account, as a buffer, to prevent overdrafts. Deducting half of the bills from each paycheck (bi-weekly) can help you stay a month ahead.
I use this for all of my major bills. I have been telling this to people for over a decade I'm glad other people are now talking about this. This really helps.
Another thing: at around 12:40 you’re mentioning what sounds like redoing what you’d already planned for September’s paycheck 2 due to the timing of October’s paycheck 1 causing possible late payments. This is very common for me but I’m always hesitant to redo. But I see it comes with this process and will work things out better than being rigid
I do this with our rent and car payments I split them between 4 weeks so when it's due I have the amounts in full and I'm not breaking my paychecks going broke
I usually look at my budget as a list with each bill proceeded by it’s due date, listed chronologically. As I’m watch your demonstration, it feels like the context is more clear to visualize and commit the “payment schedule “ decided on to memory (if that makes sense). Is that a thing? Don’t remember if you mentioned the preference to plot it in the beginning or if that’s your approach in general. Thanks. Great video
i do the same thing for my son, had to show him how now that he an adult. break it down weekly on the credit card, a portion of the paycheck is transferred to the credit card. then use the rewards towards the balance before the statement closing date for zero interest. oh finances, totally not taught in school or our dumb boomer parents
I would love to do this but with what expenses I have it doesn’t make sense. I get paid biweekly and my rent is due on the 1st which is $900 and then I have two personal loans that are $74 a month ones in the middle of the month and the other is at the end then my car payment is $561 at the end of the month so me splitting the bills up on some of them doesn’t really make sense because of the amounts. If I save $37 for each of my personal loans together that’s $74 I might as well just pay one of the loans that’s due the soonest. Idk maybe I’m just not thinking about it the right way 😂💀
Hi Dyana, thank you for the video. One question: can you only do this method when you are a month ahead with your bills? Otherwise I do not understand how this would work…
Strategizing the payment of monthly expenses is a game changer. Some learn how sooner than others but when you do, what a difference planning your budget makes in accomplishing your financial goals.
Maybe I'm not getting it but do you get penalized for only paying half of a bill? Let's say cable. If it's due on the 15th and I only pay $42 would I be considered late payment once I pull from pay check number 2 another $42 to pay off the balance. Next month I don't want to be billed more for late penalty.
My rent wifi and phone bill is due on the 1st i will be getting paid this Friday i have auto transfer for half of those in a separate account next payday is the 20th another auto transfer for the other half will be transferred my bills are on auto pay so when November 1st comes bills are paid in full no late payments then you repeat hope that helps
I've been doing this for YEARS. Never knew it was a real budgeting technique. LOL I just thought it made sense for me and my money. I even break it down even more with my mortgage. There's no way I'm using one check to pay it, so I split it in half between my two bi-weekly checks I get per month, and just pay it at the end of the month, before the first of the upcoming month. 🙂
It’s funny how a single comment can change your life. At least 15 years ago, a colleague was jokingly talking about how his check goes to bills. He laughed and said, “I’m king of partial payments.” A light bulb went off in my head and I’ve been making biweekly, half payments (and setting aside half of rent in a sinking fund) ever since.
🔥🔥🔥 wow. That’s so inspiring!
I pay half my rent and car note each check! Such a life saver
I’ve been doing this for years and it’s a game changer. I get paid weekly so I break my bills by 4 for four weeks and set aside each bill amount. I couldn’t imagine paying my share of the mortgage out of one check. I would be eating air for dinner 😅
Me!!! I get paid once a month 😢
i do the same thing for my son, had to show him how now that he an adult. break it down weekly on the credit card, a portion of the paycheck is transferred to the credit card and then the rewards towards the balance before the statement closing date for zero interest.
It makes a huge difference. I have separated by bills in an A and B method for years and i could never go back. I pay all my bills on payday which also helps me never miss a bill. Its def helping everyone that there are more people on youtube having open conversations about money. so many people were never taught.
I started doing this with my rent about 6 months ago - GAME CHANGER - and this is my sign to start with my other fixed expenses 😊
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place...
Even with the current dip in the market I'm still glad I can smile back at my portfolio of $12,500 built from my weekly trade.
First profit grew rapidly and that has made me invest without the fear of losing, I got four of my friends that I introduce to him and they are making profits just like me..
Expert Jeff Clark never seems to surprise me 😄 i also trade with him, his strategies are top notch and i don't joke with him.
Is there any way to contact him
His on te legram
I've used this method for years!!! This is a great method for those who are paid in cash.
I've been doing this for 20 years for expenses, savings (sinking funds including 911 fund) and spending $ (cash envelopes). Immediately when I get paid an auto transfer occurs to bill account for 1/2 expenses; auto transfer for 1/2 savings and what is left in the account is spending and a small buffer of about $100. Everything is the same amount every pay (biweekly). Easier to track for us. I love it.
I love your videos
I completed my goal to get a month ahead. I was able to make funding all the bills I have to pay from one paycheck and all the variable and sinking funds from the second paycheck. That first check is tight but since I’m a month ahead, it doesn’t hurt since it’s funding the next month. It took a few months to get 1 full budget month ahead, but it has been a game changer for my finances.
This method saved my life when I was in grad school. Love your content. ❤
I loved the half payment method for some time
I did this to pay rent but never considered the other bills. Actually, after watching the full video, I currently do this for all bills. I initially misinterpreted. Thanks so much!
This was super helpful! I been wanting to do this for so long but got easily overwhelmed when trying to create a plan to do so. I did mine a little differently (because my circumstances are different), but this video was so helpful in just getting this started and understanding how to take it one step at a time. So thank you!
I do this as well. It has been helpful to me. I use my phone calendar to keep track of my expenses when they come up.
Hi Dyana! I have used the half method for my larger bills such as my mortgage.. . I may just try this for more of my bills to see if it is something that will work for my budget. Thanks for sharing this! I love your channel by the way.
I love this! Split payments are a game changer! I love seeing different financial tips!
I’ve found these tips helpful: for car notes, reach out to your car loan lender. They can split payments to bi-weekly. It can get an extra payment in during the 5 week months. It’s when you get that extra paycheck (if you get paid bi-weekly). Can help pay off a car quicker.
Keeping at least $1,000.00 in the checking account, as a buffer, to prevent overdrafts.
Deducting half of the bills from each paycheck (bi-weekly) can help you stay a month ahead.
I use this for all of my major bills. I have been telling this to people for over a decade I'm glad other people are now talking about this. This really helps.
Thank you for going more in-depth on this method. I was contemplating starting this process after watching one of your last budgeting videos!
I started that method in January when I knew rent would increase by $200. Best method.
Your videos are giving me life. Thank you ❤
I been doing this since 2016 works wonders never had a problem
I am on a monthly pension, but get paid on various dates from side hustles. Basically, every week during school semesters.
Another thing: at around 12:40 you’re mentioning what sounds like redoing what you’d already planned for September’s paycheck 2 due to the timing of October’s paycheck 1 causing possible late payments. This is very common for me but I’m always hesitant to redo. But I see it comes with this process and will work things out better than being rigid
I do this with our rent and car payments I split them between 4 weeks so when it's due I have the amounts in full and I'm not breaking my paychecks going broke
You go girl.
This is what i do! And it has helped me save more money
Great video
I usually look at my budget as a list with each bill proceeded by it’s due date, listed chronologically. As I’m watch your demonstration, it feels like the context is more clear to visualize and commit the “payment schedule “ decided on to memory (if that makes sense). Is that a thing? Don’t remember if you mentioned the preference to plot it in the beginning or if that’s your approach in general. Thanks. Great video
Im trying to start organizing my finances, I have an IPad Pro. What apps do you recommend or should I get the Microsoft Office membership?
How do you feel about the month ahead method?
i do the same thing for my son, had to show him how now that he an adult. break it down weekly on the credit card, a portion of the paycheck is transferred to the credit card. then use the rewards towards the balance before the statement closing date for zero interest. oh finances, totally not taught in school or our dumb boomer parents
Can you do a video similar to this but if you get paid weekly?
I would love to do this but with what expenses I have it doesn’t make sense. I get paid biweekly and my rent is due on the 1st which is $900 and then I have two personal loans that are $74 a month ones in the middle of the month and the other is at the end then my car payment is $561 at the end of the month so me splitting the bills up on some of them doesn’t really make sense because of the amounts. If I save $37 for each of my personal loans together that’s $74 I might as well just pay one of the loans that’s due the soonest. Idk maybe I’m just not thinking about it the right way 😂💀
Hi Dyana, thank you for the video. One question: can you only do this method when you are a month ahead with your bills? Otherwise I do not understand how this would work…
How you budget when it’s monthly
Strategizing the payment of monthly expenses is a game changer. Some learn how sooner than others but when you do, what a difference planning your budget makes in accomplishing your financial goals.
How you get your cable so cheap? I’m about to drop my cable lol
Maybe I'm not getting it but do you get penalized for only paying half of a bill? Let's say cable. If it's due on the 15th and I only pay $42 would I be considered late payment once I pull from pay check number 2 another $42 to pay off the balance. Next month I don't want to be billed more for late penalty.
My rent wifi and phone bill is due on the 1st i will be getting paid this Friday i have auto transfer for half of those in a separate account next payday is the 20th another auto transfer for the other half will be transferred my bills are on auto pay so when November 1st comes bills are paid in full no late payments then you repeat hope that helps
What's the difference between bill splitting and one month ahead. Does it reduce the bill?
After splitting your bills every paycheck what ever you have left the remainder of your check is stuffed in envelopes ?
Do you use excel spreadsheet?
I've been doing this for YEARS. Never knew it was a real budgeting technique. LOL I just thought it made sense for me and my money. I even break it down even more with my mortgage. There's no way I'm using one check to pay it, so I split it in half between my two bi-weekly checks I get per month, and just pay it at the end of the month, before the first of the upcoming month. 🙂