Half 'n Half, Bit by Bit

Document created by aj_lanier on May 23, 2016
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One strategy for saving money that has been helpful for me over the years is cutting payments for bills in half and submitting money to bills during each pay period. For example, if I get paid on the 10th and 21st of the month and my payment of $100 for a credit card is due on the 30th of the month, I pay $50 from each check and continue doing so until the balance is paid off. This generally allows me to get ahead over time and pay the debt down faster, without doing so in a big chunk. It also lets me take that $50 and move it elsewhere once that debt is paid off without having to rearrange my lifestyle because the budget stays the same and I don't break the bank paying my bills, there's always money leftover on payday (bonus!).  :-)