Payday Partner

Where we come from…

Despite years of experience as a successful accountant for others, I still struggled with managing my own personal household funds. Over time I came to realize that a great many of my peers faced similar challenges. None of us had been taught to effectively manage our money or create a budget by our parents or the schools. Most of us developed some skills or systems that “kind of” worked, but we would have been in much better financial shape if we had learned and implemented these skills earlier in life. In addition, we were very concerned with educating our children so they don’t have the same struggles and make the same mistakes we did

Where we are…

Through trial and error I developed an Excel spreadsheet that tracked periodic transactions and allocated them to the correct week with customizable views. This spreadsheet saved me! Excel is not the best platform for this, but with use I got our situation under control. Bills began being paid on time, always. Our savings started accumulating, our credit cards started to be controlled, and our credit scores climbed. I was excited when I gave it to several other “Excel-savvy” friends who were struggling financially, and thrilled when it worked as well for them despite their very different financial situations and challenges.

Where we’re going…

There is an urgent need for teaching children the practicalities of personal financial management. Polls show that 78%* of Americans feel they and their families live paycheck to paycheck. It is logical to provide a financial education and tool that accommodates their direct needs, and to start at an early age so these skills are thoroughly learned and practiced. This will not only give students a better understanding of the challenges their families face, but also assist in breaking the paycheck-to-paycheck cycle pervasive in America today.

The current educational system focuses on core curriculum but does not address preparing our students for the financial world.

Payday Primer will enable teachers to engage the students and encourage familial involvement to educate our next generation and ensure that they are prepared to successfully manage their finances.

This is accomplished through a combination of knowledge paired with a real-life money management tool.

Curriculum Concepts

and number of years taught, expanded, and reinforced:

Core Concept - Personal responsibility & vigilance – 7 years
Core Concept - Parental/mentor involvement – 7 years
Core Concept - Practical exercises to develop money management skills and positive habits – 7 years
Core Concept - Real life money management tool usage – 7 years
Core Concept – Vocabulary – 7 years
Long term savings and planning, goal setting – 7 years
Bank Account Type and Usage – 6 years
Taxes and impact on pay and household – 6 years
Credit types and usage – 5 years
Credit score and effects of same – 5 years
Employment fundamentals – 4 years
Consumer awareness – 4 years
Variable and “recurring non-recurring” bills – 3 years
Handling emergencies – 3 years
Household budgeting – rental and bills – 2 years
Student loans – 2 years
CDs and other bank offerings – 1 year
Home purchasing costs and methods – 1 year
Investment, retirement planning – 1 year
Wisdom is knowledge in action

Users of our unique curriculum and approach can:

Perfect the skills to prevent late payments, overdrafts, and expensive debt.

Establish better credit scores and savings, leading to home purchasing, savings over renting, and building of equity.

Master the skills for planning and accumulation of savings, including planning for potential emergencies.

Learn how to anticipate, plan for, and manage major life changes, like new purchases, employment, etc.

Understand how to set and reach short- and long-term goals, with full visibility and customization at all levels - daily, weekly, monthly, yearly, and beyond - based on each unique household.

Have a high personal impact with a minimal investment in time.

How our Real-Life Money Management System Compares to Others:

Other budget plans	Payday Primer ADVANTAGE
Deals in long-term, big picture only.	Adjustable scale – see how next year looks or zoom in to a week or even a day to figure out what you need to do for the next month to work.
Don't reflect the scheduling of income vs bill paying.	Customizable to account for uneven distribution of income versus bills over the course of any time period chosen.
Don’t help set attainable goals and keep them visible.	Helps set attainable long-term goals like establishing an emergency savings fund or paying off debt, as well as short-term successes, like making ends meet when a paycheck is unexpectedly short.
Large changes mean starting from scratch.	Major changes (loss of a job, a new bill, a raise) can be incorporated at the touch of a button, and the results – next week, a month from now, a year from now – are instantly visible.
No provision for “what if” scenarios.	Enter potential changes to an existing budget to predict long-term effects and viability in order to make informed decisions. For example, weighing whether to pay increasing repair bills on an older vehicle versus a financing a newer, more reliable one.
Not flexible/customizable.	Fully customizable and controllable by the user to fit their specific circumstances.

After years of struggling with budget plans that don’t work for me, I’ve been using Payday Partner for over a year now. The biggest benefit I’ve found is the relief of knowing exactly how much money I have, what bills are coming up, and what the financial future looks like – no more unpleasant surprises! I no longer dread looking at my bank accounts because I know what I’ll see. Even larger unexpected expenses, like new tires or medical expenses, are built into my budget, which makes these events much less stressful. I feel like I’m finally in control of my money and have a plan – to pay down debt, to increase savings, and to put my family in a much better financial state. Payday Partner has given me the knowledge and the tools to meet these financial goals.

LJ - Texas

When I was first introduced to this program, I felt like I was drowning and didn’t have a place to turn. I was supporting two households due to aging parents I was trying to help, plus the concern of one of my children getting ready to start college. No matter how I looked at my numbers it didn’t make me feel any better; I was upside down. However, using this tool I realized that actually I was just slightly short of my monthly budget needs and was able to pinpoint how to manage my husband's uneven distribution of pay (his work is paid as per diem rather than salary), and get me to a point I felt happy everyday looking ahead knowing bills were taken care of. This program has shown me how paying one bill down impacts my future. It has helped me analyze when I had to add a car payment, where the impact would hit and how hard. I know that once I really started using and trusting this that I could manage it all so much easier. Seeing is the proof and to see 3 or 4 months down the line what paying off one debt can do is amazing to your personal well being. The thought of drowning in debt and feeling my whole self being affected is something everyone can feel and understand. Spending the time to input the data to see a light at the end of that long tunnel and feeling the weight being lifted from your shoulders, as you can SEE the results of this budget system. Thank you for all your help.

CW - Ohio

Our primary income comes from contract work, which means budgeting is a nightmare! It is too easy to spend the extra when you have it, and in spite of a good income, it seemed as if we never got ahead. Over the course of three years using this tool, we went from no savings and no credit in a mobile home to two months income in savings, significant credit available, and a new house! Next goal, college savings ...

SE - Texas

Payday Primer will ensure our next generation…

Will be equipped to make informed, educated financial decisions based on facts, not feelings and impulses.

Will be able to set attainable immediate and long-term goals, based on their individual circumstances.

Will have not just facts but also the skills and habits that make their knowledge work in their best interest.

Will be prepared to be proactive not reactive, earning justifiable feelings of empowerment, accomplishment, and confidence as a result of being debt-free and self-supporting.

Will have reduced stress, strife & fear caused by debt and money problems. Knowledge is power!

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Curriculum Concepts

and number of years taught, expanded, and reinforced:

Users of our unique curriculum and approach can:

Perfect the skills to prevent late payments, overdrafts, and expensive debt.

Establish better credit scores and savings, leading to home purchasing, savings over renting, and building of equity.

Master the skills for planning and accumulation of savings, including planning for potential emergencies.

Learn how to anticipate, plan for, and manage major life changes, like new purchases, employment, etc.

Understand how to set and reach short- and long-term goals, with full visibility and customization at all levels - daily, weekly, monthly, yearly, and beyond - based on each unique household.

Have a high personal impact with a minimal investment in time.

How our Real-Life Money Management System Compares to Others:

LJ - Texas

CW - Ohio

SE - Texas

Payday Primer will ensure our next generation…

Will be equipped to make informed, educated financial decisions based on facts, not feelings and impulses.

Will be able to set attainable immediate and long-term goals, based on their individual circumstances.

Will have not just facts but also the skills and habits that make their knowledge work in their best interest.

Will be prepared to be proactive not reactive, earning justifiable feelings of empowerment, accomplishment, and confidence as a result of being debt-free and self-supporting.

Will have reduced stress, strife & fear caused by debt and money problems. Knowledge is power!

Let's Get In Touch

832-208-5510

info@paydayprimer.com

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