ynab budgeting for the month when you are paid bi-weekly

Like the bi-weekly structure, the two FREE checks come during the same period (January 17th through January 30th). The first paycheck used to fund the Month One budget comes on December 20th. Option One is similar in structure to the example given for the bi-weekly employee. The weekly paid employee has the option of receiving either two back-to-back checks every six months, or one check each quarter. Depending on how you structure your budget, you have two options for when you choose to receive those FREE checks. This results in four FREE checks available to reallocate to your specific goals. Using the 28-Day Budget, you will use forty-eight of them to pay for a year’s worth of expenses.

There are fifty-two paychecks for the weekly paid employee. In what follows, I will discuss how the weekly paycheck works with the 28-Day Budget and the two options you have for structuring the receipt of your FREE checks. Even better, weekly paid employees have more flexibility to decide when they structure the receipt of their FREE checks, than those of us paid bi-weekly. Now, if you like the idea behind the 28-Day Budget, but your employer pays employees weekly, you are in luck. This strategy would leave users with two paychecks that I categorized as FREE. With a bi-weekly pay structure, you could pay for one year’s worth of expenses using only twenty-four of the twenty-six received checks. The example used was a bi-weekly pay cycle, which is the most common method by which employers pay employees. Last week I introduced the 28-Day Budget. There, I suggested that by cramming one month’s worth of expenses into twenty-eight days of pay, over the course of one year, it was possible to free-up two paychecks. By Christian Messemer, The Stewardship Shepherd

Ynab budgeting for the month when you are paid bi-weekly