Budget By Paycheck Method That Works Story
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We’ve all heard of living paycheck to paycheck…but what about budgeting from paycheck to paycheck?
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Budget by Paycheck may not be talked about as often as some of the more popular budgeting plans, but it might be the perfect method for you.
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Today we are going to talk all about the Budget by Paycheck method…the basics, pros and cons, and how to set one up.
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What is the Budget by Paycheck Method?
The Budget by Paycheck method is a budget that is created based on your take home amount
each paycheck.
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It allows for closer monitoring: A monthly or yearly budget can be more difficult to track. A paycheck budget has you regularly checking in on your income and outgoing expenses.
Budgeting by Paycheck is helpful for several reasons:
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It is flexible:
Since you are working with a shorter timeline for your budget, you can pivot more quickly to recover or reassess.
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It doesn’t allow you to go off track as easily:
This close monitoring means that you have less time to stray too far from your budgeted amounts or financial goals.
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Swipe Up for more info on how to set up your budget by paycheck
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