I get payed every 2 weeks. I used to have such a hard time running out of money near the end waiting on the next paycheck. I have split my bills to be due at the beginning of the month and the 2nd half of the month. Once bills are payed out of 1 check I then divide the rest in half. That gives me enough to last till next payday AND has also allowed me to start saving.
I get paid every two weeks. I've bill dates adjusted to accommodate my pay schedule. All bills except mortgage come in middle of the month and mortgage is 1st of the month.
I only get paid once a month. I pay bills as they come due. Its hard since I get paid monthly.
There's now an option to pay your mortgage every 2 weeks as well!
I do the same thing. I budget the two weeks of each paycheck.
I get paid semi-monthly…(on the 1st, and 15th,) so I budget for the month. Budgeting for two weeks left me in a pickle when ever there was an extra week in the month.
I get paid bi-weekly and find it difficult to budget
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@Rebecca S Have you looked into reverse budgeting? I find that is the method that helps me (since I know the cost of my fixed expenses, and I have an average of my variable expenses; knowing these helps with the feasibility step]).
I get paid biweekly too. I use a Google Calendar to keep track of all of my due dates and budget out the whole month ahead of time. I also found having different bank accounts helps. They may be hard for some people to keep track of bug it works for me. Plus, it allowed me to earn money for opening a new account. I got $400 for opening a Capital One checking account.
I get paid biweekly and I use an excel sheet to budget.
I'm paid bi-weekly also. I created a budget using excel and update my income and expenses regularly to see how I'm doing throughout the month.
I am glad you are budgetting your monies!
I am paid monthly but I am a month ahead of my budget. I keep a month’s worth of expenses in my account as a cushion.
I get paid every two weeks, but did my budget as though I'm paid twice a month. I totalled up what I need for the month, and set half of that aside every paycheck. That way, twice a year, I get an 'extra' paycheck that I can split between padding my emergency fund, savings, and whatever other goals I need.
This has been especially helpful, because my spouse, also paid every two weeks, makes contributions to our joint account once a month. I'm pushing to switch to every paycheck, because there's quite a tendency to 'wait, I didn't do that yet? Shoot, I thought I had, so I spent the 'leftovers'………' Somebody please bail me out, if I get arrested for an… unexplained disappearance… :-P
I get paid bi-weekly. I list income and substract need expenses. From what I have left I share between savings or wants. If I have an expensive future want, this motivates me to put more in savings to purchase this in the future.
I went from getting paid monthly to twice a month four years ago. It was very difficult. I had to rearrange a lot of my bills' due dates to coincide with my new pay schedule. To top it off, when I signed up for medical insurance it said the premium was $400 which was still more than I had to pay at my last job, but I went ahead and added it since I have two children. Imagine my surprise when my pay check came, and it was deducted from EACH pay check. It was $400/ per check, not $400/mo. $800/mo for medical insurance, and you couldn't change benefits for a year unless there was a birth in the family! That whole year was such a squeeze for us. The next year, I cut off insurance completely to try and get caught up. Luckily, my job picked up a new insurance carrier last year, and I am now able to afford for both me and my children to have coverage. Trust me, I was praying hard from when Covid first hit to when it kicked in September 1st that no one in my family got it! We were very fortunate. I prefer a monthly pay check. I'd like to pay all my bills up front instead of split them around two pay periods. It's a personal preference though.
You can still make a budget if you get paid bi-weekly. All you need is a little more discipline to make and stick to it.
