Member-only story
Living each paycheck? Use my rollover method to start saving money
“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.“— Charles Dickens
Our boy Chuck here gets it. If you spend more than you earn, then you’ll probably be in a bad state. Of course this is easier said than done. A lot of us live paycheck to paycheck through little fault of our own. The number one piece of advice you will get anywhere on the internet is to set a budget. Which is beyond true. Setting a budget for what you need to spend on wants and needs and savings is a personal finance basic. At the same time, no one goes through the process to sit down and go through their bank statements to determine where all their money goes. I know, because I was right there with you! I did the exact same thing. As a college student my expenses fluctuated more than GPA (I landed above a 3.0, so I did alright). The one method that got me started saving back then was the paycheck rollover method.
How does it work?
The basics of the rollover method goes like this. When you receive the last paycheck of the month deposit any remain dollars from…
