We always did extra payments at the end of the month because there's always the possibility that a budgeted item might have been incorrect, and you don't want to be short on something that has to be paid for (gas, food, etc) because of payments above the minimum on debts paid too early.
Timing of payments?
I am just curious of what others do if in a similar situation to me. I am paid twice monthly and my snowball is made up of equal parts each payday of $250, for a total of $500.
Do you opt to make your additional payments on whatever bill you are currently putting the extra on as soon as the money is available? Or do you wait until you have it gathered for the month and do it all at once?
I am opting to pay as soon as it is available as it does me more good being paid to them, and not just sitting in my account for a few extra weeks.
Do you opt to make your additional payments on whatever bill you are currently putting the extra on as soon as the money is available? Or do you wait until you have it gathered for the month and do it all at once?
I am opting to pay as soon as it is available as it does me more good being paid to them, and not just sitting in my account for a few extra weeks.
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