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What financial mistakes did you used to make that forced you to develop better habits when it comes to your money? (lemmy.world)
submitted 2 months ago by to c/nostupidquestions@lemmy.ca
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Easy one I got burned by many times until I got the message was to have my bills paid on the first day of the month so they were out of the way and money I earned going forward would first cover next months bills and whatever remained into savings

Was a very hard long term lesson but it has served me well since I got it down

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[โ€“] [S] 1 point 2 months ago* (2 children)

I do something similar altho the second is more like a credit card in that it has to be restored each month to its original balance but im working on as its been a little more spendy then id like, its improving as I make changes to get more organized and reduce unnecessary stressors haha but its trending in the right direction

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  • [โ€“] 3 points 2 months ago* (last edited 2 months ago) (1 child)

    That's why I don't make it a credit card. Bills are 3500, pay is 4000, I have 500 to play with. Next month I do over overtime, now pay is 4500 so I have 1000 to play with. Next month company closes for a week due to holidays, so pay is 3500 I have 0 to play with. It could change every month but I always try to look a month a head.

    Edit: if I had a constant 1000 each month of play money from a credit card it would be too tempting on some months to think "I'll just borrow 100 from next month, things should be better then so I can pay it back."

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