We are creatures of habit, especially when it comes to finances. Even looking back at your first allowance, likely that you received it on a regularly scheduled day of the week or month. The same goes for your first paycheck every two weeks: your car payment, the 15th of the month. Your rent or mortgage is due on the first of the month. And nowadays, we don’t even need to send a check; these payments are just automatically deposited or withdrawn on a regular monthly schedule.
According to a study by the Employee Benefit Research Institute,