Cash Hash » Cash Hash » Cash Management/ Cash Assistance » Making my monthly wage seem like a weekly wage?

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  #1 (permalink)
: This is probably a really odd question, I find that I can manage my money much, much better when it is distributed weekly.
I've worked it out, and it's just so much easier to manage what I have and what I don't have if my money is processed in small lump sums rather that one big sum,
Obviously, most jobs don't pay your weekly anymore. Because of problems with tax, the cost etc.
What I was wondering, is there any way I can give the illusion that I am getting paid weekly, maybe a way that I can open another account and have that account distribute my wage to my existing account at the end of every week. I thought of opening another account and doing it like that already, but that would be a lot of hassle, so maybe there's an easier way to do so?
Thanks in advance for any assistance! :)

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  #2 (permalink)
: Create a bank account which your monthly salary is paid to, work out what you earn a month and have the money put in your bank by direct debit every week into your bank. If this isn't possible then I can only suggest that you withdraw money in cash every week. hope that helps :)
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  #3 (permalink)
: Yes, it's called self control
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  #4 (permalink)
: Patricks idea is your best way forward.

depending on your financial status, your bank may not let you have 2 different accounts, so you may need to open a new account with a different bank. If you do this, remember it can take a few days for money to be transferred by standing order from one bank into another.

So, open a new account (I suggest Coop Bank Cashminder) and give that bank account info to your employers. Then set up a 'standing order' from the new account into the old account to pay 23% of your monthly wage every Friday.
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  #5 (permalink)
JoW
: Very easy to open a savings (deposit) account with your current bank and have your wages paid into that. Transfer to your current account once a week, either by standing order or by using a cash card.
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  #6 (permalink)
: Patrick has the right idea
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  #7 (permalink)
: HAVE A SEPERATE BANK ACCOUNT FOR YOUR SALARY THEN HAVE ALL YOUR BILLS ETC COME FROM ANOTHER ACCOUNT THEN JUST TRANSFER WEEKLY AMOUNTS OVER SO YOU CAN MANAGE ALOT BETTER MAYBE.GOOD LUCK
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