IF YOU ARE VIEWING THIS POST ON MONDAY 5/16 PLEASE SEE CORRECT POST HERE! UGH!
I’m going to apologize up front for the length of this post! There is just no way to shorten it and still get all the information in.
I’m deviating from the normal coupon talk today and I’m going to share a little bit about how I pay my bills. I don’t really have anything new to share about couponing and I’m still learning a lot so I thought I would share something that I DO know about. I have been using this system, that I made up, for about 8 years and it works for me. A friend of mine uses it and has really liked the simplicity of it. I really hope that I have explained it in an easy to understand way! So here are the steps (with an awesome BONUS at the end!)
Step 1:
Make a list of every bill that you pay. I’m not talking about groceries or gas. I’m talking about the house payment, car payment, credit card bill, utilities, etc. Even if it’s a 3 month loan from your mom write it down!
List these things:
- Name of the bill (Daycare, Electricity, House, Car)
- How much is it
- When it’s due
- How you pay it (Online, Phone, Mail, In Person)
Step 2: When do you get paid? When does your spouse get paid? Let’s say for simplicity and example purposes you both get paid every two weeks and it happens to be the same day. (I can dream right?). You need to make a sheet like this. (Keep it simple for now)
Step 3: Now you are going to take your list of bills and start plugging them into this sheet. Let’s say for instance that you pay daycare once a week. Well you only get paid every other week so wouldn’t it be simpler to either pay it every other week if possible or at least account for that money so you don’t have to worry about overspending?
Start with your largest bills first. You only have so much money to spend so you need to make sure the dollar amount is evenly distributed and that you are getting bills in the right slot so that they are paid on time.
I put in daycare first because it’s the same amount and it’s a constant. Next, I chose the House payment of $500 due on the 1st and put it under the second paycheck column (20th). Now the next largest is the car payment of $300 due on the 28th. You would think that should go under the second paycheck column because it’s the closest paycheck to that due date. BUT, if you do that your money will be off balance. So put it under the first paycheck column. Keep going and until you have everything listed. If it’s gets confusing and you are not sure what to put where start off by only going by the due date. Put all the bills after the second date under that column and all the ones closest to the first paycheck under that one. You can go back and rearrange later to better balance the dollars.
You probably already pretty much know what bills you pay where, but by listing them like this you are accounting for the money you need to pay your bills immediately rather than waiting for the bill to actually come due.
Step 4: Ok so now you have this fancy list of all your bills. This is what I do each pay day. The same day my check hits the bank I balance my check book up to that moment. Then I add in my paycheck. To me this is starting fresh. I look at my chart to see what bills get paid for that week (Adam gets paid weekly so that’s our schedule) and then I pay them. It doesn’t matter when the due date is to me at that point because that was all set up when I made the chart. I keep the exact same schedule every single month. The same bills get paid on the same week every time.
Now I have one bill that I cannot pay early and that’s my electricity. I put a sticky note in my checkbook to remind me that X amount of dollars is not to be spent and stays in my account until I can actually pay that bill. I have several bills that are auto drafted. I record them in my checkbook on my payday and show the actual draft date. This way I’ve already deducted it as if it’s already paid.
For me it reduces our stress about money because I take out the essential living money the day I get it. What’s left over is for gas, groceries, and whatever else comes up. I could take this further and budget all the other stuff like gas and groceries but that just doesn’t work for me. Do what works for you and start small.
Now here’s the HUGE benefit to paying your bills this way!!! Are you ready for it?
I get at least two extra paychecks a year without working any harder! Adam has at least two as well! Seriously! No lie.

By paying your bills by your paycheck, rather than the due date, and keeping the exact same schedule you end up getting really far ahead on your bills. Once you get so far ahead, you can skip a check and not pay any bills out of it. This is something that I always triple check though before I skip a check. I pull out my original chart with all the due dates and make sure that by skipping a check I’m not going to be missing any due dates and throw off my system.
What could you do with an extra paycheck? Go on a trip? Put it in savings? I usually use these to pay off debt, put in savings, or buy something great (like my vanity).
I really REALLY hope that this is useful info to someone and maybe makes like a little easier. Money scares me. When we were first on our own I was terrified about paying bills and making sure everything got paid. This system was a result of that!
Please let me know if this isn’t clear and you need any further explanation. Also, I would LOVE to hear if this works for you!