Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

How to Save for Periods Without a Paycheck


Did you know that two out of five wage and salary earners over the age of 15 know their schedule less than one month in advance?

If that sounds like you, or if you’re a teacher on a 10-month pay cycle, a freelance contractor picking up gigs without regular frequency, or going on short-term leave without pay, we know it can be hard to budget when you’re not sure how much or when the next pay check might come in.

How to Save

To help you figure out the best approach to savings during those periods without pay, try the calculator below.

$
$

Now that you know how much to save, you can choose the best account to help support your goal.

How to Budget

Ready to get started with budgeting? We have a number of resources you can try out.

  1. If you’re a First Bank customer, you have free access to MyMoney within digital banking. MyMoney allows you to set a budget, track expenses by category, monitor your accounts from any financial institution, and more.
  2. Not sure where to start with a budget or what you can do with one? That’s okay, we’ve got you covered. Try this free online course: Creating a Budget.
  3. For those ready to take a broader look at their finances and plan accordingly, we also have Financial Basics, which covers everything from checking accounts and smart credit usage to retirement and family financial planning.

Another great tool at your disposal are the alerts you can set on transactions over a certain amount, when you receive deposits, when a transfer is made, and more. This is handy both to keep a closer eye on your finances but also to help stay mindful of each expense and the funds going in or out of your account.

Hands-On Help

If you’re ready to talk options, would like some feedback on your finances and plan, or are just curious about next steps, stop by your local First Bank branch. Our experts can help walk you through it all and create the best path to your goals.

Trending Topics

Best Savings Account – North Carolina

Finding some of the best savings account in North Carolina may seem like a difficult task. After all, there are hundreds of North Carolina banks offering savings accounts. How do you go about determining which account is...

Banks With Mobile Service In Sanford, NC

Mobile banking makes check deposits and other basic banking transactions convenient. In Sanford, NC, First Bank offers our customers a full suite of online and mobile banking capabilities. Mobile Services at First Bank...

Mortgage Rates 101: Information You Should Know

Acquiring information about mortgage rates is a vital step in the home buying process. Mortgage rates vary based on several factors, such as the amount and type of your loan and your credit score. To get better mortgage...

Long-Term Installment Loans

First Bank offers long-term installment loans and other types of lending that help small businesses cover expenses. The government-backed Small Business Association (SBA) helps business owners acquire...

Finding the Best Personal Loans in Asheville, NC

Personal loans can help you pay for home improvements, weddings, medical bills, and many other large expenses. Consolidating debt is another reason to seek a loan. If you’re in need of money—for any...

First Bank in Asheville, NC: Serving the Local Community

If you live in the greater Asheville, NC, area and are searching for a nearby bank that meets your needs, look no further than First Bank¹. From Biltmore Village to Downtown Asheville to Historic Montford, we serve...

What Are 30-Year FHA Mortgage Rates?

If you are considering applying for an FHA loan to purchase a home, you may be wondering, “What are 30-year FHA mortgage rates?” If you want to find out what the current average 30-year FHA mortgage rates...

Breathe Easy with Affordable Small Business Loan Rates in Albemarle, NC

First Bank has remained committed to helping small businesses and communities flourish since we opened our doors in 1935. Our dedication to providing a robust package of banking solutions with a personalized touch is why...

First Bank Card

With a First Bank card, you can feel confident that you are obtaining a bank card that is secure, convenient, and incentivizing. Are you one of the 194 million people who already have a debit card? Get the most out of your...

Small Business Loans Made Easy – First Bank of North Carolina

North Carolina is a smart choice for any entrepreneur looking to start a business. The state encourages its residents and visitors to shop local. Organizations like Shop Local Raleigh and Got To Be NC have popped up all...