Comments on: What Should I Do With An Extra Paycheck? http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Mon, 13 Feb 2012 05:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Emily http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41875 Emily Mon, 31 May 2010 00:54:38 +0000 http://frugaldad.com/?p=5447#comment-41875 With each of those extra paychecks, I take out the spending cash (groceries, gas, entertainment, household stuff, etc) and for the rest of it, I either contribute it towards debt payments (now) or towards savings (at some point in the near future). I already account for everything (house fund, vet fund, property taxes, bills, Roth IRA, mortgage, etc) based upon a 24 paycheck year so this truly is just extra money for me. With each of those extra paychecks, I take out the spending cash (groceries, gas, entertainment, household stuff, etc) and for the rest of it, I either contribute it towards debt payments (now) or towards savings (at some point in the near future). I already account for everything (house fund, vet fund, property taxes, bills, Roth IRA, mortgage, etc) based upon a 24 paycheck year so this truly is just extra money for me.

]]> By: Jaster Mereel http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41866 Jaster Mereel Sun, 30 May 2010 17:55:31 +0000 http://frugaldad.com/?p=5447#comment-41866 With each of those extra paychecks, I take out the spending cash (groceries, gas, entertainment, household stuff, etc) and for the rest of it, I either contribute it towards debt payments (now) or towards savings (at some point in the near future). I already account for everything (house fund, vet fund, property taxes, bills, Roth IRA, mortgage, etc) based upon a 24 paycheck year so this truly is just extra money for me. With each of those extra paychecks, I take out the spending cash (groceries, gas, entertainment, household stuff, etc) and for the rest of it, I either contribute it towards debt payments (now) or towards savings (at some point in the near future). I already account for everything (house fund, vet fund, property taxes, bills, Roth IRA, mortgage, etc) based upon a 24 paycheck year so this truly is just extra money for me.

]]> By: alin http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41783 alin Fri, 28 May 2010 08:08:56 +0000 http://frugaldad.com/?p=5447#comment-41783 Emergency fund or donate it Emergency fund or donate it

]]> By: Steve http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41778 Steve Fri, 28 May 2010 02:42:58 +0000 http://frugaldad.com/?p=5447#comment-41778 My husband and I live on a zero-based monthly budget that already includes retirement savings (401k, Roth IRA, pension, stocks, and an emergency fund), so all "extra" money from my extra two paychecks a year and our hobby jobs is divided up: 50% Savings - Emergency Fund, Debt, or another Roth IRA (right now, car debt) 25% Vacation Account 12.5% to each of our Fun Money Accounts My husband and I live on a zero-based monthly budget that already includes retirement savings (401k, Roth IRA, pension, stocks, and an emergency fund), so all “extra” money from my extra two paychecks a year and our hobby jobs is divided up:

50% Savings – Emergency Fund, Debt, or another Roth IRA (right now, car debt)
25% Vacation Account
12.5% to each of our Fun Money Accounts

]]> By: Rich@LifeCompassBlog http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41635 Rich@LifeCompassBlog Wed, 26 May 2010 04:16:00 +0000 http://frugaldad.com/?p=5447#comment-41635 We also get those "extra" paychecks. In the past, we've saved some of it, allocated some for special home projects, and gave some away to causes and ministries we're passionate about. We also get those “extra” paychecks. In the past, we’ve saved some of it, allocated some for special home projects, and gave some away to causes and ministries we’re passionate about.

]]> By: Mama Koala http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41616 Mama Koala Mon, 24 May 2010 19:19:13 +0000 http://frugaldad.com/?p=5447#comment-41616 We have one of these coming up in July, and plan to use it to pay off our last credit card! We have one of these coming up in July, and plan to use it to pay off our last credit card!

]]> By: Suzanne http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41573 Suzanne Sun, 23 May 2010 13:21:59 +0000 http://frugaldad.com/?p=5447#comment-41573 I always recommend any "extra" money like an additional paycheck, bonus, or tax refund-goes to paying down high interest rate debt. The sooner this is paid the easier monthly savings will be. Suzanne Social Media Specialist CareOne Debt Relief Services @AskCareOne I always recommend any “extra” money like an additional paycheck, bonus, or tax refund-goes to paying down high interest rate debt. The sooner this is paid the easier monthly savings will be.
Suzanne
Social Media Specialist
CareOne Debt Relief Services
@AskCareOne

]]> By: lv http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41551 lv Sat, 22 May 2010 08:01:02 +0000 http://frugaldad.com/?p=5447#comment-41551 Most of the time this extra ‘found’ money is split between a few of the most urgent, time-sensitive budget categories (i.e., Prop. taxes due in Sept. or the end of a 0% cc promotion period). Most of the time this extra ‘found’ money is split between a few of the most urgent, time-sensitive budget categories (i.e., Prop. taxes due in Sept. or the end of a 0% cc promotion period).

]]> By: Budgeting in the Fun Stuff http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41544 Budgeting in the Fun Stuff Fri, 21 May 2010 19:35:09 +0000 http://frugaldad.com/?p=5447#comment-41544 My husband and I live on a zero-based monthly budget that already includes retirement savings (401k, Roth IRA, pension, stocks, and an emergency fund), so all "extra" money from my extra two paychecks a year and our hobby jobs is divided up: 50% Savings - Emergency Fund, Debt, or another Roth IRA (right now, car debt) 25% Vacation Account 12.5% to each of our Fun Money Accounts My husband and I live on a zero-based monthly budget that already includes retirement savings (401k, Roth IRA, pension, stocks, and an emergency fund), so all “extra” money from my extra two paychecks a year and our hobby jobs is divided up:

50% Savings – Emergency Fund, Debt, or another Roth IRA (right now, car debt)
25% Vacation Account
12.5% to each of our Fun Money Accounts

]]> By: Ginger http://frugaldad.com/2010/05/21/what-should-i-do-with-an-extra-paycheck/#comment-41543 Ginger Fri, 21 May 2010 19:14:38 +0000 http://frugaldad.com/?p=5447#comment-41543 I with most people, I budget yearly and those ideas are budgeted in. I with most people, I budget yearly and those ideas are budgeted in.

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