Take control of your everyday money today
Find out quickly how good it feels to be in charge of your cash flow
A minimal requirement for getting a handle on your day-to-day finances is to continually match your expected bills and expenses to your expected paychecks. While relying on paydays as a basis for planning is not the optimal game plan, seeing a coordinated picture of the income and outgo that flows through your checking account is a good place to start.
Employing a "do as you go" approach to managing household finances, Payday Organizer has the advantage of requiring no setup. When you first start the program, you begin to enter current information with minimal requirements such as a date for upcoming paydays and a name for each bill. The flip side of this quick startup and simple ongoing maintenance is the forfeiture of any automatic forecasting of your finances.
Using Payday Organizer is a good place to start when you are first learning how to manage your everyday money. However, staying with this simplistic program will not make getting to your retirement goal as easy as it could be. For optimum planning and goal setting, your best bet for managing your every day money is Income Companion.
Add payday dates for 1 to 3 months
Choose how you want to handle spending money
Add the name of bills on hand
Schedule a payment for each bill
If it's a new bill, add the name
Schedule the payment
For large payments, add "Add to ledger" set asides on preceding paydays to spread the payment over more than one paycheck
Move your check register balance to the program (less your spending money if you opted for weekly)
Enter a name for each new special
Schedule amounts to be set aside
Enter the payday deposit in the program
If doing yourself, enter spending money amount
Enter amount calculated by program in your check register
If you opted for weekly spending money, "pay" yourself the same amount on the same day every week
Pay off loan debt
Play "what if?" for new loans
Analyze saving and investment options
Create a doable credit card payoff plan with the amortization method that works best for you
Create a set aside schedule to reach a goal amount by the date the money is needed for planned large expenses