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I have found this method to work for saving money: get envelopes and label them with your bills you pay monthly (ie mortgage, light bill, water bill, etc.) and label one envelope Miscellaneous. Each month put the amount you owe on the bill plus $10 in the envelope. Pay the miscellaneous envelope $20. Once you pay all your bills, move the money from the other envelopes to the miscellaneous envelope and watch your money build up!
Many companies send out bills that are due on the 1st & 15th. Like a number of companies, mine PAYS on the 1st & 15th. Sometimes money going into my account wouldn't get in before the bills were due and I'd have a penalty or have to pay more interest. I contacted ALL the people who bill me, including my mortgage company, & they have all agreed to make my bills due on the 5th & 20th. I had to climb a few "Customer Service" ladders, but now my bill paying doesn't cost me penalties or interest.
I always found I'd spend my money for bills before I got a chance to pay them. So I opened a second account for bills. When I get paid I add up my bills and leave that money there, then transfer the rest to my spending account. This way I never go over on spending funds. Include "savings" as one of your "bills" and set up an auto transfer to your savings account.
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