If you get paid biweekly this is a good trick. I do it for my car payments as well as my rent!
Split the rent/mortgage in two and put away that amount out of your first check. I suggest you open a new checking account. This account should have no debit card or check book linked to it. Then split half of your rent money to go into this new account. You dont have to scramble to pay rent.
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If you transfer 5% of your check into savings before anything else you'll quickly learn to live without it. Also, next time you get a raise, take the difference and add that to savings. Then forget about savings and live paycheck to paycheck! Then when there's not a next paycheck...you have savings.
The best way I have found to stay on a budget is to switch back to cash. Each paycheck, I pull a set amount of money from my bank. That is all I allow myself to spend until my next paycheck. If I want to go out to eat, I can easily check my cash to see if I can afford it.
As an additional bonus, if I have money left over at my next payday, I set that money aside in my dresser and use it as a savings for holidays or to buy a splurge item later.
Each paycheck I keep track of every cent that I spend. After all the major bills are paid, I try to really limit how much I spend. Once I get my next paycheck I look at how much of the first paycheck is left. I put all of that into savings. I then use the next paycheck until I get paid again. So far, I've saved almost $500 in three months!
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