{"id":4768,"date":"2022-01-24T15:27:19","date_gmt":"2022-01-24T15:27:19","guid":{"rendered":"https:\/\/indeedflex.com\/blog\/how-to-budget-weekly-pay\/"},"modified":"2024-03-22T11:10:45","modified_gmt":"2024-03-22T11:10:45","slug":"how-to-budget-weekly-pay","status":"publish","type":"post","link":"https:\/\/indeedflex.com\/blog\/for-flexers\/how-to-budget-weekly-pay\/","title":{"rendered":"How to Budget Weekly Pay"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Budgeting weekly pay in a world of monthly bills can be tricky at first, but once you get the hang of it there\u2019s nothing to it. Weekly pay has lots of advantages too, especially for employees in temporary positions. However, if you are struggling to manage your incoming and outgoing funds, don\u2019t panic because we\u2019ve put together our top tips for managing a weekly budget.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Know your incomings and outgoings<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When on weekly pay it\u2019s important to know how much you earn each month and how much your bills and expenses are as most bills are due to be paid at the beginning of every month.\u00a0\u00a0<\/span> <span style=\"font-weight: 400;\">Write down how much you earn in total every month and make a list of all the monthly bills and expenses that you know you have to pay.<\/span> <span style=\"font-weight: 400;\">This should give you a better idea of how much you have left to spend after the important things are paid for.<\/span> <span style=\"font-weight: 400;\">The most common monthly payments are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rent<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gas\/Electricity<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Water<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Internet<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mobile phone<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">TV\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Food<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Travel<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Any other subscriptions you may have<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-30 alignleft\" src=\"https:\/\/indeedflex.com\/wp-content\/uploads\/sites\/5\/2024\/02\/why-indeed-flex-slide-2-@2x.jpg\" alt=\"\" width=\"459\" height=\"630\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Have separate accounts<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you struggle to not spend the allocated money for bills and payments then it may be worth having separate accounts for spending money, bills and savings.<\/span> <span style=\"font-weight: 400;\">This way you know exactly how much you have to spend on each item and it will make budgeting a lot easier.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Set money aside for a rainy day<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As well as putting money away each week for your regular bills, it\u2019s also really useful to put a little bit away each week into a savings account.<\/span> <span style=\"font-weight: 400;\">Not only could there be an unexpected expense but it can also be used for holidays, birthdays and Christmases as well last-minute splurges.<\/span> <span style=\"font-weight: 400;\">It\u2019s also really helpful if you have a bigger goal in mind, such as saving for a car or deposit for a mortgage.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Separate your bills weekly<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Once you know how much your monthly bills are, you can divide them by the total number of weeks in the month.<\/span> <span style=\"font-weight: 400;\">Just keep in mind that this may vary from month to month, so be sure to keep it up to date.<\/span> <span style=\"font-weight: 400;\">This figure is the amount you\u2019ll need to put away each week so when the bill due date rolls around, you\u2019ve already got the money saved to pay your bills.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Make sure you have money left for yourself<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Although making sure you have some money saved for a rainy day and enough money for bills is really crucial, it\u2019s also important to not leave yourself short.<\/span> <span style=\"font-weight: 400;\">Budgeting isn\u2019t all about paying bills and saving money, it\u2019s also about making sure you have enough money to do the things you enjoy.<\/span> <span style=\"font-weight: 400;\">Whether that\u2019s going out for drinks with friends, shopping or eating out, it\u2019s important to look after your happiness and well-being.<\/span> \u00a0 \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budgeting weekly pay in a world of monthly bills can be tricky at first, but once you get the hang of it&#8230;<\/p>\n","protected":false},"author":32,"featured_media":3287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[87,122],"tags":[],"class_list":["post-4768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-flexers","category-indeed-flex-community-for-flexers"],"acf":{"blocks":[{"acf_fc_layout":"text_editor","centered_text":false,"background":"","text_editor":"<p>Budgeting weekly pay in a world of monthly bills can be tricky at first, but once you get the hang of it there\u2019s nothing to it. Weekly pay has lots of advantages too, especially for employees in temporary positions. However, if you are struggling to manage your incoming and outgoing funds, don\u2019t panic because we\u2019ve put together our top tips for managing a weekly budget.<\/p>\r\n<h3>Know your incomings and outgoings<\/h3>\r\n<p>When on weekly pay it\u2019s important to know how much you earn each month and how much your bills and expenses are as most bills are due to be paid at the beginning of every month.\u00a0\u00a0 Write down how much you earn in total every month and make a list of all the monthly bills and expenses that you know you have to pay. This should give you a better idea of how much you have left to spend after the important things are paid for. The most common monthly payments are:<\/p>\r\n<ul>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rent<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gas\/Electricity<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Water<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Internet<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mobile phone<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">TV\u00a0<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Food<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Travel<\/span><\/li>\r\n\t<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Any other subscriptions you may have<\/span><\/li>\r\n<\/ul>\r\n<p><img class=\"wp-image-30 aligncenter\" src=\"https:\/\/indeedflex.com\/wp-content\/uploads\/sites\/5\/2024\/02\/why-indeed-flex-slide-2-@2x.jpg\" alt=\"\" width=\"459\" height=\"630\" \/><\/p>\r\n<h3>Have separate accounts<\/h3>\r\n<p><span style=\"font-weight: 400;\">If you struggle to not spend the allocated money for bills and payments then it may be worth having separate accounts for spending money, bills and savings.<\/span> <span style=\"font-weight: 400;\">This way you know exactly how much you have to spend on each item and it will make budgeting a lot easier.<\/span><\/p>\r\n<h3>Set money aside for a rainy day<\/h3>\r\n<p><span style=\"font-weight: 400;\">As well as putting money away each week for your regular bills, it\u2019s also really useful to put a little bit away each week into a savings account.<\/span> <span style=\"font-weight: 400;\">Not only could there be an unexpected expense but it can also be used for holidays, birthdays and Christmases as well last-minute splurges.<\/span> <span style=\"font-weight: 400;\">It\u2019s also really helpful if you have a bigger goal in mind, such as saving for a car or deposit for a mortgage.<\/span><\/p>\r\n<h3>Separate your bills weekly<\/h3>\r\n<p><span style=\"font-weight: 400;\">Once you know how much your monthly bills are, you can divide them by the total number of weeks in the month.<\/span> <span style=\"font-weight: 400;\">Just keep in mind that this may vary from month to month, so be sure to keep it up to date.<\/span> <span style=\"font-weight: 400;\">This figure is the amount you\u2019ll need to put away each week so when the bill due date rolls around, you\u2019ve already got the money saved to pay your bills.<\/span><\/p>\r\n<h3>Make sure you have money left for yourself<\/h3>\r\n<p><span style=\"font-weight: 400;\">Although making sure you have some money saved for a rainy day and enough money for bills is really crucial, it\u2019s also important to not leave yourself short.<\/span> <span style=\"font-weight: 400;\">Budgeting isn\u2019t all about paying bills and saving money, it\u2019s also about making sure you have enough money to do the things you enjoy.<\/span> <span style=\"font-weight: 400;\">Whether that\u2019s going out for drinks with friends, shopping or eating out, it\u2019s important to look after your happiness and well-being.<\/span> \u00a0 \u00a0<\/p>"}]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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