After a month of working hard, payday is definitely a welcome treat. But, how many of you have checked your accounts on payday, and been tempted to hit the shops? Or head out for a fancy dinner?

Feeling that payday excitement is all well and good until you’re trying to figure out how you can live off €80 for the rest of the month! 

All of us look forward to payday, but some of us don’t all have a routine in place for that day. 🗓

What Is A Payday Routine?

A payday routine is a set of actions that you complete every time payday rolls around. People tend to be more productive when there is a routine in place, so having a payday routine is a solid strategy for greater control over your finances.

Why is a payday routine important?

Payday is a chance to check in on your financial picture, make positive changes, and set new habits. There are many benefits to setting a payday routine. For one, your money is more likely to last throughout the month. You’ll face less money anxiety when it comes to paying your bills because you can be confident that you’ve set money aside for them. And, you’re more likely to hit some bigger savings goals. 

Try following these steps, especially if you find you’re tempted on payday to splash out.

1. Review your pay

Look at your payslip & check to see if it matches your bank statement to make sure there are no errors. It’s easy to skip the basics, but this simple step is a really important one we often overlook. 

2. Automating savings

Automating savings by creating vaults in your revolut account for the day you get paid is one of the most helpful changes you can make to your finances & financial wellness in the long run. This helps prioritise saving, reducing the temptation to spend those funds without planning ahead.

3. Scan your account for unexpected charges

It’s good practice to spend a few minutes each month checking over your account for any unexpected charges. This could be checking your subscriptions to see if the amount charged is correct, or making sure you recognise all your transactions. If you spot any transactions that you don’t think are correct, make sure you raise this with your bank as soon as possible.

4. Discretionary Spending

Transferring your discretionary spending for the month into a 2nd account like Revolut will help you limit your spending to only the allocated amount.