The first type of budget we’ll look at is the Bill Calendar or Budget Calendar
*Helpful if you live paycheck to paycheck
*Plan your monthly spending
*Track payment amounts and dates
*Reminds you to make payments on time
*Can be paper or digital and part of your existing calendar
*Pay on due dates or pay everything that’s due between your paydays
*Also shows events, birthdays, trips, etc that you can see ahead and plan your spending accordingly
*On time payments boost your credit score (remember payments make up 35% of your score)
This is the method I’ve used the longest. I created my first budget this way not realizing I was creating a budget.
I like to see when I get paid and when bills are due. This method is why my payment history is flawless on my credit report. As long as I remember to write it down, them it gets paid.
Missing an item is defiantly a disadvantage if you are using this method exclusively.