The Quarter-Payment Bill-Paying Method, My New Favorite Thing

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The quarter-payment bill-paying method

I’m always looking for new, more effective ways to budget, and I recently came across the quarter-payment bill-paying method. I thought it was an interesting way to pay bills and wanted to give it a try, and now it’s my new favorite way to pay bills!

This new method allows me to always know exactly how much I need to budget for bills each week and exactly how much money will be left for other things. It has taken the guesswork out of budgeting for me.

Before, I was doing a weekly bill payment, where I would see which bills were due that week and just pay those because we are paid weekly. The problem with that method has always been the first week of the month. The majority of our bills are due the first week, and sometimes we wouldn’t have enough to cover all of them, so some of them would have to be a week late, and I just HATED that!

Consequently, the amount we paid towards bills each week was different, so we never knew how much money we’d have left over, if any, in advance. That right there was stressing-inducing enough for me to get behind trying this new method of paying bills.

What is the Quarter-Payment Bill-Paying Method?

The quarter-payment bill-paying method is done by adding up all your monthly bills and dividing it by 1/4 if you are paid weekly. If you are paid bi-weekly, you’ll want to divide by 1/2.

There are two ways to pay your bills doing this method.

  1. Actually pay 1/4 (or half) of your bill each time you get paid (if the company will allow it) OR

  2. Put the 1/4 payment in a separate checking account, and either set up auto-pay or manually pay your bills when they are due. (This is how I do it.)

So each week, I put 1/4 of the amount of our total monthly bills in a separate account, and then each week when I sit down to balance the checkbook and do our budget for the week ahead, I only pay the bills that are due in the coming week.

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Benefits of the Quarter-Payment Method

There are two reasons I love this method.

  1. I always know exactly how much money I’m spending that week on bills.

  2. I always know exactly how much money we’ll have left over after all bills and expenses are paid.

It’s really that simple. After one month of budgeting for bills this way, I don’t think I’ll ever go back to the old way of doing it. In my excitement, I told Bryce how great this method is and how life-changing it was for me, and he was like, “Okaaay?” Ha ha! He doesn’t understand because he doesn’t pay the bills. In fact, I don’t know if he’d even know what to do if he had to! He’s so lucky to have me.

Okay, so I’m joking about him being lucky to have me, but seriously, if you’ve just been paying your bills weekly your whole life, you don’t know what you’re missing.

Have you tried this method? What do you think about it? Let me know in the comments below!

Mom for More. More wealth. More freedom. More peace.

I’m Kari, founder of Mom For More. Do you often lie awake at night dreaming about what it would be like if your family was debt-free? What if you could make that dream come true with a business that allowed you to stay home and be fully present with your babies? Mom for More teaches moms that they can start a home business, become debt-free, and gain more overall peace in motherhood. It equips moms with the tools they need to succeed in their finances, home businesses, and daily lives. You don't have to put your life on hold when you become a mother. It's okay to dream. It's okay to believe that you were made for more. I’d love for you to subscribe and follow along with me!