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September 20th, 2009 at 09:52 am

Well Thursday I got my first ever direct deposited paycheck. It was pretty easy and painless but for me I would rather still get a paper paycheck and take it to the bank. Maybe I'm old fashioned.

I deducted my regular budgeted amount and took out my spending money. My spending money was $120 but varies each paycheck a little. I use that money for eating out, any fun activities (like movies, etc) and groceries. So $120 doesn't really go too far for 2 weeks.

I put the usual $50 towards the extra Principal of my Mortgage. I'm sticking to my plan on that but wish I could do a little better.

Put $40 to my 2010 IRA.

Put $60 towards payback for the car repair from July. I now owe myself $100 for that.

Put $18 for the step ladder I wanted to buy. I used my credit card but that 18 bucks is in the bank waiting to pay it off.

That left me with $17 extra money that just stays in my checking as a cushion.

Next paycheck is what I consider an extra check cause I get 3 instead of 2 in October. Yay! I budget my extra check a little differently but nothing drastic.
It will be nice being able to use some of it towards my travel fund.

4 Responses to “Payday”

  1. whitestripe Says:

    i've only ever had checks for one job, and when i became payroll for it i changed that pretty quick! here it costs to write checks, i think 20c for each one.

  2. baselle Says:

    I love direct deposit, but it does require a leap of faith for a couple of months (is it in? when does it get credited? was it the bank or my payroll that screwed up?).

  3. fern Says:

    Don't worry, you'll get used to the DD.

    You're doing all the right things with your money. (Pat on back.)

    Boo hoo, I'd been looking forward to 3 paychecks in October, too, but that was not meant to be.

  4. Patrick Says:

    Thanks everyone for the comments.

    I know I'll get used to DD but I am pretty stubborn and don't think I'll ever completely like it. :-)

    Whitestripe, I used to have a checking account that charged me 25 cents to write a check. Now I don't have any fees at all.

    Thanks Fern for the nice words. Not sure if I'm doing all the right things but I do try, and I stay out of debt. Don't want to go down that path ever.

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