Some IT guy, IDK.

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Joined 3 years ago
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Cake day: June 5th, 2023

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  • I need savings because all my bills land in the same week-and-a-half timespan.

    So there needs to be all of the money in the account before that happens.

    I know, it’ll balance itself out in the long term, but the weeks I don’t have bills to pay are usually the weeks that I need to refill the pantry, and end up spending more than I have allocated for that week so that I can eat.

    I need to accumulate the base amount to pay all my bills when they come due, before I can really get started.

    I know it seems really simple, once all my bills are done for the month, start then! Except there’s probably incidentals, like the food that I mentioned, that need to be purchased, that I just can’t afford on the $100 available for me that week. So I take what’s needed, and then I’m behind again. The cycle continues.

    I had a very good system for this when I was getting paid twice a month. I took the ~400 or 450 or whatever (again CAD) from each paycheck, and I split my bills so that, by cost, they were roughly split between before-the-15th and after-the-15th pay periods. I’d get paid, take my share, let the bank do the rest, and when I get a notification for a bill I need to pay by hand, from my calendar app, I go and pay it in full.

    Then I ended up with weekly pay and suddenly, I’m paying 130%+ of a weeks income to pay my bills on the same week.

    It fucked me up man. I’m still pretty wrecked by it and it’s been like this for more than a year.







  • This all sounds great until you realize that you need time to run up to this, or a modicum of savings in order to make it happen.

    Your numbers are optimistic at best. My bills vary and they’re more than 70% of my income (roughly).

    It’s more efficient to deposit my money into a bill payment account, then take out what I can spend from that.

    Guess what I already do?

    Guess how much “spend” I have, per week, that needs to cover all of my gas, food, and everything else? I’m not even saving a dollar, and my available money per week is around $200.

    That seems great until you realize that I’m Canadian and it’s Canadian dollars, and $200 CAD is around $150 USD.

    I’m employed, full time, in a specialized field, and I can spend $100 USD a week on food because I need the extra $50 for incidentals and gas.

    I don’t need a budget. I have a budget. I need a raise.