is it better to pay all bills or most with one check or spread bills on each each.?

Question

example. i get paid one week, then my fiancee gets paid the next. so every week, someone is geting a check. should we each take one check out of the month and use it completely to pay bills. and the other 2 checks use them for saving and miscellaneous expenses. the benefit of that would be that i have a larger sum of money on hand. the negative is that after paying bills we would be short on cash. or is it better to pay bills using all 4 checks. then i woulld have money left over. example- $200, $200, $100, $100.

see if i pay one check to pay mostly bills, then my next check will be maybe for a small bill and then the rest for us. i just hate not having money left over after paying bills. and having to wait 2 more weeks till my next check

Answer 1

Save a few hundred to put in checking to solve the timing issues then pay the bills when they are due and take a cash allowance for food, gas and misc spending.

Answer 2

Teiscore has a good answer. I am a financial planner. You need to set some savings aside for a rainy day. Even $25 a paycheck will add up over time. The trick is to never touch your rainy day savings unless it is truly an emergency. Second, (but equally important) do not borrow or purchase using credit cards. About the only thing most people should ever borrow money for is school, a house, and maybe to help purchase a car. Ideally, it is a good idea to pay cash for a car, but this is a bit much for most people starting out in life. Keep your debts low and save.
To pay your bills you should create a budget that works for you. Spreading your bills out over the month is probably the best for now. Don't forget to include savings into your budget.
You need to ask yourself one question. How do you want to finance your life? "Month to month" or "with enough saving" to do what you want when you want. Month to month offers quick rewards, but long-term financial strain. "With enough savings" means going with less now, but offers long-term financial security.

Answer 3

I have online banking with my bank, and my bills come in I can set them up to ACH funds to the vendor so it arrives a day or so before its due. Show when the last payment was made, so I go in about once a week and can set most of them to pay way in advance. (And see the last payment date to be sure I didn't miss any!)

I say this a lot here, but spreadsheet your finances - You income, your outflows, monthly expenses, investments, savings & your debts. I've started online savings accounts for big goals (and as those get big, for longer term goals I move some to investments).
This has totally changed my unnecessary spending habits, and helped my pay off a massive amount of debt in a short time.

Answer 4

It makes little difference whose check pays what when - that is your internal budgeting business. Just make sure you pay on time to avoid credit record problems and late fees.