Hi all,
I've been trying to wrap my head around this for some time and would appreciate any help this subreddit can provide!
My wife and I make a combined income of about $8k/month. I'm paid every other week while my wife isn't paid until the last Friday of each month. The latter arrangement often complicates our finances in the following way...
Our credit card bill arrives each month around the 7th or 8th. It's due between the 28th and 30th of the month.
On rare occasions it happens to be due before my wife gets paid and this makes paying it tricky. I typically have to move some cash OUT of our Savings account to pay the bill and then back in after my wife is paid.
Does this make sense?
I'm confused because the expenses I'm paying for when I pay the credit card bill are for the PREVIOUS month.
Alternatively, I could pay the bill when it immediately arrives but then I would have to move money out of Savings and then repay as I get paid throughout the month.
I'm confused because we budget very carefully but I don't always seem to have the cash on hand to pay the bill until after my wife is paid.
Does this make any sense at all? Help appreciated — I get anxious that somehow we're not "doing it right."
Submitted June 27, 2017 at 09:07AM by thecorch http://ift.tt/2tgal1j
