Homework:

•  List out all your quarterly and annual expenses
  • Expense
  • Cost
  • Frequency- how many times a year you pay for it (annual = 1, quarterly = 4)
  • Next due date
  • Annual cost (cost * frequency)
• Total up the annual cost for all your expenses
• Decide how you want to save- monthly, bi-weekly or bi-monthly
  • monthly: divide total by 12
  • bi-weekly: divide total by 26
  • bi-monthly: divide total by 24
• Open a savings account and set up your savings amount to transfer in automatically
• Bonus: set up each expense amount to be auto transferred into your checking account a couple of days before it’s due and setup the expense to be paid automatically out of that checking account