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Mortgage Rent payments etcc Opinions

March 10th, 2009 at 08:48 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?

Posted in Uncategorized | 10 Comments »

10 Responses to “Mortgage Rent payments etcc Opinions ”

  1. creditcardfree Says:
    March 10th, 2009 at 08:51 pm 1236718305
    1236718305

    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:
    March 10th, 2009 at 09:18 pm 1236719920
    1236719920

    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:
    March 10th, 2009 at 09:30 pm 1236720631
    1236720631

    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:
    March 10th, 2009 at 09:58 pm 1236722305
    1236722305

    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:
    March 10th, 2009 at 10:33 pm 1236724405
    1236724405

    I allocate some money out of each check.

  6. monkeymama Says:
    March 10th, 2009 at 10:39 pm 1236724771
    1236724771

    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:
    March 11th, 2009 at 12:04 am 1236729854
    1236729854

    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:
    March 11th, 2009 at 01:08 am 1236733714
    1236733714

    I take it all out of one paycheck.

  9. Amber Says:
    March 11th, 2009 at 02:58 am 1236740299
    1236740299

    whitestripe, that is a good idea

  10. North Georgia Gal Says:
    March 11th, 2009 at 02:00 pm 1236780015
    1236780015

    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.

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