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BogBabe t1_jacfgvs wrote

There's nothing magical about Chime. You need to increase your income and/or decrease your spending to pay down your debts and start saving money.

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fishonthesun OP t1_jacklp5 wrote

Okay, damn. I was really hoping Chime would at least be helpful. As I said in my post, I'll be able to pick up more hours as time goes on, and I'm working hard on reducing spending. Thanks!

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BogBabe t1_jacppms wrote

Well, Chime can't conjure up money out of nowhere, nor can it make decisions about your spending or saving, nor can it increase your income or pay your debts for you.

It's possible that you might be able to get a better handle on your finances if you have everything all in one place — but again, there's nothing magical about Chime in that regard. You could just as easily open a checking account, savings account, and credit card account at any bank.

Have you tracked your expenses for any period of time to get a handle on where your money's going? Have you made up a budget for yourself to govern your spending? Doing the hard work of getting your finances under control is on you, and Chime can't do it for you.

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fishonthesun OP t1_jacwqke wrote

I thought I was doing a good job tracking my money spending but after a couple months of asking "where tf is my money going" repeatedly, I've started collecting receipts.

As far as splitting paychecks between multiple accounts, that hasn't been going well- not enough put into one account to pay 'x' bill, not enough in the other account to cover that bill plus other bills, etc., so I think having a checking and a savings at one bank would be helpful. No more transferring from one bank to another and waiting 5 days for it to arrive. That's made me late on a payment twice now.

As far as budgeting, it's difficult when my second job doesn't bring in the same amount each week, and since I choose my schedule day-of working, and each order pays a different amount, there isn't a way to plan that out. Although, I could set a budget as though I only have one job. That might make saving easier, too. Any extra from the second job could go straight to savings since I wouldn't be relying on it for bills.

Thanks for the comment, it's got me thinking about things I hadn't before (:

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