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Mortgage Rent payments etcc Opinions

March 10th, 2009 at 01:48 pm

Do you budget your paychecks to split the rental payment half and half out of each paycheck or do you pay the rent/mortgage all out of of one?? Which method works better for you?

11 Responses to “Mortgage Rent payments etcc Opinions ”

  1. creditcardfree Says:

    Right now ours comes out of just one paycheck...but when our income was less and we were paid weekly we budgeted a little out of each check to hold towards the mortgage payment. Do what works best for giving you something to live on each check! At the time, we always pulled $300 from each check for food, misc, and fuel, paid bills that were due that week and held anything else towards the mortgage...sometimes there was money for savings, too!

  2. Amber Says:

    When I was working and living on my own one check always went to rent and electric and the other for other bills

  3. Ima saver Says:

    I used the split all my bills by the four paychecks I received a month. 1/4 of house payment, electric, car payment, etc. It always worked for me.

  4. whitestripe Says:

    i budget everything weekly, because we get paid weekly. also our rent is paid weekly too, and our mortgage is paid weekly. but all other bills like car rego and insurance, internet etc, i calculate the yearly cost divided by 52 and save that amount per week, so i always have money for bills.

  5. cptacek Says:

    I allocate some money out of each check.

  6. monkeymama Says:

    All out of one. I pay certain bills the 1st of the month and certain bills the 15th of the month. I re-evaluate every year. It usually seems to work out "just so."

    I used to be paid once a month. That was easier, if you ask me. Big Grin
    Right now I pay mortgage & health ins. with my second paycheck. Funny thing is I just realized I split my savings. So an equal % comes out every paycheck for savings. I don't know - it just bugs me to split bills though.

  7. skydivingchic Says:

    A few years ago I was paying the mortgage and HOA fee all from one check and the other check went for everything else. About a year and a half ago I was able to save up one month's worth of expenses in my checking account. So now paychecks I receive in March get set aside until April 1, when I fund all my envelopes fully. Living off money made last month has smoothed out my cash flow tremendously. It took several months for me to save up the money, but it was absolutely worth the effort. So I guess my method now is closer to splitting it evenly over the month's paychecks.

  8. Blue Eyes Says:

    I take it all out of one paycheck.

  9. Amber Says:

    whitestripe, that is a good idea

  10. North Georgia Gal Says:

    I pay the mortgage out of one check. I get paid every other week, so I have two larger checks. That has worked for me. I use the other check for the other expenses.

  11. Tech Support for Lenovo Says:

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