How I organize my bi weekly paycheck
as a Gen Z corporate girly in the Bay Area.
Before taxes are taken out,
I contribute a percentage of my paycheck to my 4 o 1 k
which is a pre tax retirement account to get the company match.
I already maxed out my account this year,
so no longer contributing to it
and so my bi weekly paycheck feels a little bit bigger now.
Once my paycheck hits my checking account,
a portion of it is routed to my HYSA and my brokerage account.
In my HYSA I keep my emergency fund and cash
for medium term goals that are under five years.
For money that I don’t need to touch for five years or more,
that’s where I invest the money in my brokerage.
I also pay off my credit cards in full
weekly from wherever I spent that week,
and some of my favorite credit cards include the Chase
Sapphire Preferred and the Capital One Venture X.
I get them for the welcome bonus
that I can use for flights and traveling.
Plus
the free airport lounge access that comes with them is a great plus.
Every time I get paid along with what I spent that week,
I enter the amounts in my income and expenses tracker
so I can get a birds eye view of what my financial picture looks like.
I really recommend doing this
because it helps you stay on top of your finances
and Work towards your financial goals without any surprises.