Comments on: Pay Day is Not Every Day But Today and Here is My Frugal Way

By: PaydayLoansMan

PaydayLoansMan — Mon, 27 Jul 2009 15:28:35 +0000

I like your psychology, I employ the same method when I get paid. 1+

By: SouthernbytheGraceofGod

SouthernbytheGraceofGod — Thu, 21 Feb 2008 16:34:55 +0000

With Direct Deposit, you never have your hands on the money, its easier to allocate to savings, investments, bills and the like. And yes, you don’t feel like you’ve got “MONEY”. But it works, and its an effective budgeting tool. My income is always direct deposited. My hubby’s is’t because his company doesn’t provide it. So, its a trip to the bank and always an argument about how much to put in his pocket. (We have a mixed marriage frugal/spendthrift). Thanks for another insightful post!

By: Ivan

Ivan — Thu, 29 Nov 2007 12:40:20 +0000

Hi, my name is disman-kl, i like your site and i ll be back

By: ningpo

ningpo — Fri, 23 Nov 2007 09:58:59 +0000

Hi, I want to congratulate you for mentioning and exercising “pay yourself first” . Don’t stop, zero out those cards, I am positive that you can. SUCCESS

By: MoneyNing

MoneyNing — Sun, 18 Nov 2007 04:02:29 +0000

GeologyJoe: That’s pretty much the same strategy that I’m employing so I must say that it’s a good one

I think EVERYBODY should do this because we always spend more when we think we can afford it.

By: GeologyJoe

GeologyJoe — Sat, 17 Nov 2007 22:15:48 +0000

Direct deposit is the way to go. What I did was figure out all my monthly expenses then determined if there is any ‘extra’ amount. 20$-50$-100$-whatever.

I then set up a second savings account at a different bank and have this money funneled to it with each pay period. It’s money I have access to but don’t see day to day or even month to month. It just builds up and is there when I need it.

By: MoneyNing

MoneyNing — Fri, 16 Nov 2007 19:17:57 +0000

Randall: Having everything automatic is definitely great! I wish I can do that For example, my 401k is automatic and I don’t have to worry about it at all. No looking at the market or anything like that because whether it is going up or down wouldn’t matter as I periodically buy shares of the funds anyway.

By: Randall

Randall — Fri, 16 Nov 2007 18:06:22 +0000

I do pretty much exactly what you do. I just took it an extra step and automated pretty much everything. I only have two or three bills I have to ‘manually’ do anything about.

The (virtual) money doesn’t even get cold. Makes life MUCH easier.