Just think about how nice it would be to have zero bills leading up to and over Christmas - amazing.
No pre-Christmas money stress, no post Christmas bill stress - bliss.
(How's your credit card balance going right about now?!)
How To Have No Bill Stress in December 2018
To have no bill stress in December we will have to start immediately - today actually.
|Sweet baked potatoes. |
Lower glycemic index than normal potatoes too.
Working out how much each of your bills cost you each 12 months.
To do this you will have to look back over your last 12 months worth of bills or bank statements and add up each bill payment so you have a yearly figure. For example, electricity may have cost you $500 in March, $600 in June, $700 in September and $800 in December which equals $2600 over 12 months. Another example - Car insurance which might be a direct debit of $100 per month, so the 12 monthly figure would be $1200.....and so on and so forth for all your bills in turn.
Working out your total yearly bill cost.
Simply add up all the 12 monthly figures that you have calculated in Step 1.
Divide the total yearly bill figure from step 2 by 48, then, multiply this figure by 1.1. Write down this number - it will be your magic number.
For example: yearly bills equal $30500.00. So, 30500.00 divided by 48 equals 677.08333 then multiply this by 1.1 equals 744.72 (rounded up to two decimal places). 744.72 is therefore my magic number.
Set up a dedicated bank account for these bills.
This bank account must ONLY be used for all bills figured out in Step 1. No cheating or dipping into it for other things or this whole system will fail.
Deposit your magic number (worked out in Step 3) every week into your dedicated bill account.
Pay your bills as they arise out of the bank account set up in step 4.
Come December, you will have a full month's worth of bill money sitting waiting in your account. Any bills that come in during December can be blissfully paid from this money.
|Fried chicken. Some Southern fried and |
some fried with a dukkah coating.
As today is the last day of the first week in January we need to put our magic number into our bills bank account TODAY ..... at latest, first thing Monday morning.
Glasses up (ching!) to having zero bill stress come December 2018. We'll all be sitting back relaxed whilst the world around is heating up their credit cards.
Take care folks and stay nice.