One Day, One Bill, One Check at a Time

So how does it work? How do you pay things off, travel, save a little bit, and still have fun?

First, I put 20% automatic to a savings account 10% from two of my checking accounts. This money does not get touched unless it is going to a retirement account, IRA of sorts, or to the 403b that I get from my company.

Second, as previously mentioned I have two checking accounts. One for paying my bills such as rent, car payment, utilities, and I set up a way to put money aside to pay for insurance but that will come later. The other checking account goes to paying off the other bills like utilities, groceries, gasoline, and all the other stuff in my life that fluctuates. I have set 30% of the second account to go to stuff like this. The remainder I set aside for fun like small trips, Disneyland, donating to something that I believe in, and a good chunk goes to one student loan after another.

My student loans are in forbearance at the moment and I am also apart of the forgiveness program because I work for non-profits and a school district. This is an interesting way to do it since majority of my student loans were waved because the online universities charged too much and I could not use the degree for anything I was able to be part of a law-suite to pay  a large portion of my student loans off.

The money that I was paying to one bill or loan will then go to the smallest bill that I have. This has worked wonderfully since paying off three credit cards and almost 3,000 (I know it’s not much but I don’t make all that much either though 😉 ).  I will post next month as to how this is going and how long it should take to pay off my car as well.

Until next time,

Safe travels and journeys through life.