A lot of our major expenses are fixed annual amounts, such as life insurance, health insurance, car insurance, council rates etc. Not so many are accrued daily - the main daily expenses being petrol, food, electricity and water usage. So, since 2008 is a leap year, and Feb 29th is a Friday, most reader's will benefit from an extra day's wage without having an extra day's expenses in 2008. Sweet. If you manage to make Feb 29 a "no spend day" you'll get to keep most of this extra 0.4% wage for 2008 - consider it a "one off" bonus and try to add it to your savings rather than just fritter it away. After all, it only comes every four years.
Copyright Enough Wealth 2007