Most people get paid bi-monthly on the 1st or 15 of a month or every two weeks. However, some of us get paid only once a month. Now, there are some benefits to getting paid only once a month like having a huge wad of cash deposited into your bank account and feeling quite “rich” on that particular day.

It’s easy to think that only “average” income earners need to create a budget to be financially competent, but that’s definitely not the case. According to a story on CNN’s Money website, NFL players are susceptible to finishing their careers flat broke.

Why have all of these accounts with one nearing a zero balance? First, let me define my concept of a zero balance account – it’s a checking account that, after all bills are paid for the month, equals out to zero dollars or some very small amount (usually under $200).