“You mean money will just pop into our checking account twice a month?”
“Yup,” I replied.
“But you’re saying we don’t actually have to go to work or anything? I’ll just get paid?!”
“Uh huh. Just like before, except now you’ll pay yourself.”
We had talked about this moment several times over the last 3 years, but Abbie & Joe (not their real
names) were having a tough time wrapping their heads around.
Most people do though. When you leap off the 9-to-5 cliff, it takes some mental adjustment.
So to smooth the path, you want to set it up just like when you were working and got paid every two
weeks.
All it takes is setting automated deposits from your “Paychecks Bucket” to your checking account.
But the real question is – how do you make sure your paychecks don’t run out?
And the answer is your Paychecks Bucket (aka your Living Expense Bucket.)
It’s the first bucket of the Two Bucket System.
And here’s how it works…
