When the Money Flows On this date . . . . . . these actions happen 1st of the month ■ Your salary is direct-deposited into your checking account 2nd of the month ■ Part of your salary goes into your 401(k) 5th of the month ■ Automatic transfer from checking account to savings account ■ Automatic transfer from checking account to Roth IRA 7th of the month ■ Automatic payment of bills from checking account and credit card ■ Automatic transfer from checking account to pay off credit card bill
