Wouldn’t it be nice if one month every year we got a vacation from paying our bills?
We can imagine opening each bill to find a note from our creditor or utility company: “$0 due this month! Go enjoy yourself!”
Whoa, that would be nice!
Our whole paycheck could go towards other goals: a vacation, paying for Christmas, replacing an appliance, updating our wardrobe…whatever is needed but there never seems to be enough money.
It’s not difficult to make that magical month come true!
Add up your bills, divide by 11, and pay the extra every month leading up to your annual Bill Free Month.
For utilities or rent you can simply add on the extra amount to your usual bill every month (not the amount the statement says is due, because that’s going to go down!).
Credit cards, car and mortgage payments need to be set aside in a special account because those companies, despite paying extra, will still expect a payment every single month.
Don’t think you can manage paying an extra 9% every month? I get it. But that’s no reason not to start somewhere.
We can start by taking a mini vacation – aim for no utility bills, or no mortgage payment, or no car payment. Or any combination.
This plan is flexible!
We started this with just our internet bill, which is about $69. Adding an extra 9% comes to just around $75, which doesn’t feel like much of a difference!
Come the end of the year, however, that’s an extra almost $70 we can use to go to a holiday show with the kids or have spending money for after-holiday sales.
Even by starting with just one bill, it’s a little something! A little pocket money is always welcome.
And the more you can do, the more you’ll look forward to that special No Bills Month! It could come at any time of the year – maybe for your birthday or a mid-summer No Bills Independence Day!
Getting ahead, Bit by Bit
Isn’t this another form of saving a little at a time? Yes.
Getting ahead financially always involves this process: making changes bit by bit and putting time to work for you. Take steps, one baby step at a time, towards your goal. Any goal.
That’s how debt gets paid off, savings increase and investments grow.
What makes this a little easier is most of us see paying bills as not optional. When a bill is due, we tend to come up with the money to pay it.
So if we can trick ourselves into thinking our bills have gone up 9% this year, then before we know it we can enjoy a month with NO bills.
Give it a try
Even if you’re working every month towards other financial goals, get started on your Month with No Bills. It’s one more way we can work towards financial freedom and abundance.
You can do this!