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Optimal Finance Daily - Financial Independence and Money Advice

1830: What to Do with That Extra Third Paycheck by Kumiko of The Budget Mom on Being Proactive With your Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 14 March 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Kumiko of The Budget Mom tells you what to do with your extra paychecks  Episode 1830: What to Do with That Extra Third Paycheck by Kumiko of The Budget Mom on Being Proactive With your Money Kumiko went from having a pile of credit card debt to becoming a successful budgeter and Accredited Financial Counselor. The Budget Mom exists to empower women to build a life they love on a budget they understand and can afford. The original post is located here: https://www.thebudgetmom.com/what-to-do-with-that-third-paycheck/  Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.

0:05.0

I need to get paid quickly, especially when I have five or six plumbing jobs in a day.

0:08.0

When I first used the payment link feature in my Monzo Business account,

0:11.0

I was impressed to how quick and easy it was. At the end of each job,

0:14.0

I'll just create a payment link, send it to the customer, and get paid then and there.

0:17.0

I can also track all of my payments in my get paid tab.

0:20.0

If you're ready for a Monzo Business account, apply today.

0:23.0

Just search Monzo Business, season sees apply.

0:26.0

Only sole traders or limited company directors in the UK can apply.

0:30.0

This is Optimal Finance Daily, episode 1830.

0:34.0

What to do with that extra third paycheck?

0:37.0

Buy Camico of thebudgetmom.com

0:40.0

And I'm your host and personal finance enthusiast, Diana Mariam.

0:44.0

This is the show where I serenade you with the sweet sounds of personal finance knowledge

0:49.0

from some of the best blogs on the planet, with the author's permission of course.

0:54.0

And we're going to get right to today's post as we optimize your life.

1:03.0

What to do with that extra third paycheck?

1:06.0

Buy Camico of thebudgetmom.com

1:10.0

Depending on your pay schedule, you might find yourself with an extra paycheck this month.

1:15.0

It doesn't matter if it's an extra paycheck, a bonus, an inheritance or a surprise cash gift from your parents.

1:22.0

You need to have a plan in place for any extra money that you receive.

1:27.0

Without a plan, your money can quickly disappear and you'll be left wondering where it all went.

...

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