A Payday Split That Keeps Life Moving

If you’re paid monthly and your finances feel messy by week three, fix the flow at the source - payday. Route income the moment it lands so bills get paid, everyday spend stays steady, and goals actually move.

Set up three pots

If your bills aren’t paid monthly, work out your monthly equivalent so nothing “surprises” you.

Make the numbers real

List your fixed costs and convert each to a monthly figure.

Add them up = your Bills Transfer every payday.

Decide on Everyday Spending (be honest; it’s better to set this figure high and dial back later).

Whatever’s left goes to Goals.

Automate it

Create three automatic transfers for the minute your pay lands (Bills, Everyday and Goals). Then move card/PayWave to the Everyday pot only. Remove any cards connected to the Bills account from your wallet to avoid “accidental” raids.

Add one tiny “fun” line

$10–20 a week so you can spend guilt-free. Sounds trivial, but it can help keep your plan sustainable.

Watch and tweak (15 minutes fortnightly)

Check if Everyday is blowing out. If yes, nudge a little from Goals for one pay cycle only and reset. Protect Bills at all costs.

Why this works

You’re deciding once, not thirty times. Bills get paid first, spending has a boundary, and goals progress automatically-even in busy weeks.

Your Action Step: Set up my payday split.

Set up those three transfers today. Then you can forget about them and get on with real life.
If consolidating debt or a fresh facility would help smooth cash flow, get in touch with the team at better finance™. We’re personal finance experts who can help you look at your options and determine the right strategy for you.

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