What To Do When Payday Hits
Few things feel better than payday.
It’s also when it's easiest to overspend. Without a plan, a big chunk of that check can disappear quickly.
Before you start spending, take a few minutes to put your money to work.
☝️Pay Yourself First
Set aside some money the moment you get paid. No matter the amount, $10 or $100, moving it to savings first makes saving a habit rather than an afterthought.
The sooner you move it, the less tempted you are to spend it.
🏡Cover Your Essentials
Make sure your essentials are covered before the fun stuff.
Take a look at upcoming expenses like:
- Rent
- Utilities
- Insurance
- Phone bills
- Subscriptions
By planning ahead, you can avoid surprises later.
📱Use Digital Tools
You don’t have to manage everything manually. Digital Banking tools can help you stay on track by:
- Setting up automatic transfers to savings
- Scheduling recurring payments
- Creating low-balance alerts
- Monitoring account activity
- Creating monthly budgets
- Seeing spending activity
✍️Make Payday a Planning Day
Payday is the perfect time to check your accounts, move some money to savings and plan for upcoming bills. A few minutes now means less stress for the rest of the month.
Want more tips on managing your money? Take a look at our financial education resources.
The information and topics features are for information purposes only and does not constitute legal, tax or financial advice. All financial situations and circumstances are different and may not apply to the specific information provided. Seek the advice of a financial professional, tax consultant, or legal counsel to obtain guidance specific to your needs.
