Lots of us are struggling with money and it can be even harder if you get paid fortnightly. Not having a monthly income at the end of the month when bills are to be paid can be difficult. Seeing a mid month pay cheque as something other than expendable cash can be tricky. You can soon find yourself in financial difficulty and any chance of putting money away for a rainy day of specific reason can be hard. Let's look at how to save money every 2 weeks.
Pay Your Bills Every Fortnight
Rather than waiting until the end of the month when they are due, pay your bills every fortnight. Whether you physically pay the bill or simply put the money aside from your bi-weekly pay cheque, this means you have the money there when you need it. It can be so easy to see the money you are being given as a free for all because there are no bills to pay right now. If you would rather get the cash out of your bank account so you are not tempted, talk to your mortgage company or landlord. Paying these bills every two weeks will cut down on the amount you need to pay each time whilst also ensuring you have enough to pay! It will also leave you with an amount of cash from which you can save money from.
Pay Your Savings First
If you leave money in your account you are more tempted to spend it. After your bills are covered, pay your savings next. There are so many needs, followed by wants and our money can vanish pretty quickly once we start handing over the debit card. By figuring out how much, maybe even a percentage, of the amount left over you want to put into savings, you can shift it into your separate account before you start thinking about spending it. Changing your mindset and starting to see your savings as important is a great way of how to save money every 2 weeks.
Use Automatic Payments
Logging into banking apps and shifting money from one bank account to another isn't the most exciting this in the world. Even less so at the end of a busy week when you just want to sit on the sofa and binge watch a boxset. By using automatic payments, you simply set them up once and then the work is done for you each time afterwards. You'll save time as you save money!
Live Within Your Paycheque
Saving money will never happen if you don't live within your means. If you are getting paid every fortnight, you need to make sure what you are sending is within that amount of money. If your financial situation has changed recently it might be hard to change your spending ways to fit that new scenario. It might even mean coming up with and following some frugal living ideas. Pay your bills, live within the money you have coming in and be sure to start shifting money into your savings.
View Your Savings As A Bill To Settle
If you are serious about your savings and want to find out how to save money every 2 weeks, start viewing your savings as a bill. One that you have to settle every month, just like your actual bills. If it helps you can even send yourself an invoice to pay. This can help you focus on the savings you want to make. You might even be surprised at how quickly it all adds up!
Follow these top tips about how to save money every 2 weeks and you'll be well on your way to building up a savings pot you can be proud of.
