FYI, leap years have been and will be: 2012, 2016, 2020, 2024, 2028, 2032, and 2036.
It’s a unique day because it doesn’t happen very often (once every 1450-ish days is pretty rare). For those who have birthdays on this day, my condolences.
What could we do financially on a Leap Day? In 2012, Leap Day fell on my Wednesday payday, giving me three paydays in February. That’s a reason to celebrate, though no videos of my dance will be posted (unless my kids share them)! I could make 3 mortgage payments this month, but I think I will push it one day, and make the extra payment in March.
Evidently you are supposed to Froggy things (since Frogs leap), but I would say you should do things Lemur-like (since Leaping Lemurs makes a much better alliteration). Are Lemurs very judicious about their money? I can’t say, since I have read too much about how Lemurs are cheap or careful with their money, so maybe we can forget that idea.
You have an extra day to pay any bills due at the end of the month. Yes, it is only one day, but February is a crappy month for those kinds of bills (you only had 28 days to pay; now you have 29). Enjoy the extra day with your money.
Leap Day Ideas
If you have some extra money lying around, maybe make:
- A Leap Mortgage payment (an extra payment on top of your regular payment)
- A Leap Credit Card Payment (get out of that debt trap sooner)
- Make a Leap RRSP payment (for those in Canada)
Yes, in Canada we have an extra day to make an additional payment into our RRSPs and have it count on last year’s income, which, if you have extra money (and no debts to pay, and RRSP room), might not be a bad idea either.
What other financial Leap Day things could you do?
I’m more excited for March. THREE paydays. First one is tomorrow. Cha-ching.
Hey
Great idea making a leap payment or doing something extra today! 🙂
And for those who rent their home, they have one extra day for the same amount of rent payment. yahoo! And for those who purchased metro pass, they have one more day to use the pass.