So, look at how much money you need for the next five or six days and subtract that from your paycheck amount. If March 25 is payday and your mortgage is due on April 1, then that March 25 paycheck will cover your remaining expenses for March, plus the April house payment and any expenses until your next check. The key to having enough money when the pay cycle is weird is to look at the two-week period in front of you. If you are paid on the 9th and 23rd, don’t panic that the checks arrive too late for some bills and too early for others. First off, remember that you’ll have at least two paychecks every month. It’s more to work with, but figuring out what to do with all the cash can be a head-scratcher. Still other times, you’ll get three paychecks in a month. This can leave you unsure about what money is supposed to cover what bills in what month. This type of pay schedule can be especially frustrating because sometimes the checks will come on the 1st and 16th, and other times it will be the 10th and 24th. For the months with five checks, put that extra $250 toward your current Baby Step! If your mortgage note is $1,000 a month, then save $250 from each check. If you’re on this pay schedule, save a quarter of your house payment out of each paycheck you get. In this case, five paychecks instead of four. Just like with the biweekly pay schedule (which we’ll talk about next), there will be some months where you get an extra check. This kind of paycheck is exactly how it sounds-you get paid once a week on the same day. You can attack the bills in the first half of the next month without wondering which paycheck is supposed to cover what. Then, when you get paid on September 30, that counts as the first money toward October.īy doing it this way, you already have a paycheck in place by the time you turn the calendar. ![]() So, to work your entire September budget, you’ll use the August 31 paycheck and the September 15 paycheck. That’s because it can be confusing to make a budget at the first of the month when you don’t get paid until the 15th.įor example, if you get your paychecks on August 15 and 31, then the paycheck on the 31st counts as the first income for September. The best way to work this is to treat the paycheck on the 30th as the first paycheck for the following month. You get paid on or around the same two days each month, such as the 15th and 30th. This one is perhaps the most common pay schedule. Then your May paycheck will take care of everything until June 15, and so on. So, if you get paid on April 15, that money will cover all your expenses until May 15. ![]() If you get paid in the middle of the month, it’s easiest to set up your budget to cover the next 30 days. For example, if you get paid on the first of April, then your mortgage, food and all other expenses for that month are covered by that paycheck. Whenever your check comes in, use it to budget for the next month. ![]() This is the easiest one of all-one paycheck equals one month’s expenses. No Premium? No problem! See below for more information on how to budget with your particular paycheck frequency. If you are an EveryDollar Premium user, you have access to the Paycheck Planner tool which allows you to enter all of your paychecks for the month and parcel the money out. ![]() But what if you get paid every two weeks and have those “magic months” twice a year with three paychecks? Or what if you have an irregular income? How about a household where you’re both paid differently? We’ve got all that covered! Adding income to your budget is easy for someone who gets paid once a month or on the first and 15th of each month.
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