Why Bi-Weekly Paychecks Are Good Twice a Year
My very first job in the city spoiled me for all future paychecks: they used to pay me on the 15th and last of every month, which just rocked. It made fiscal planning much easier, because I knew exactly what money I’d have when. Sadly, the rest of my jobs, including this one, pay bi-weekly. That means that every two weeks, I get a paycheck. Normally that’s twice a month, however twice a year that means I get three paychecks in a month. Yes, three glorious paychecks in a month! September happens to be one of those months for me, which just rocks, especially because I have two more payments left on my severance package. That means I’ll be able to pay off a significant chunk of my debt, and help me in my $5000 Debt Payoff Contest. Very nice.
I’ve never had a job that paid twice a month like that but it does indeed sound very organized for “bill paying” – usually my jobs pay every other week but I’m now working where I get paid every Friday which is actually the best for me because I can do SOMETHING every week to change my financial picture. Okay so sometimes, it’s a very small “something” but nonetheless – it’s making me feel less stressed about my circumstances.
Those extra paychecks are sweet, huh?
Tam
[...] In September I talked about the main reason why I liked getting paid bi-weekly: the triple pay months. Well, November is one of those months, and the wonderful part is that I forgot about it! I was checking my financial situation yesterday because I have a few payments due in the next couple of weeks, and I saw that I get three paychecks this month. A most welcome oversight. [...]