Hypothetically speaking, let’s say the bills are:

#1. Food $200
#2. Mortgage $800
#3. Electric Bill $100
#4. Car Payment $250.00
#5. Macy’s $25.00
#6. Bank of America: $10
And your take home was $1200

You would pay: up through half the car payment. When it’s gone, it’s gone. Macy’s & BofA would just have to wait.

He also says to have a “hill & valley” account, so that on good months, you stash some extra in there, so when a bad month comes, you can meet your monthly minimums.

Leave a Reply

Your email address will not be published.