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Home > Wonky Pay Periods Have Thrown Me Off!

Wonky Pay Periods Have Thrown Me Off!

July 13th, 2012 at 06:16 am

I am paid every two weeks, rather than on certain dates. This was fine until I received three paychecks in one month last month. Now I am all sorts of confused! So confused, in fact, that I ended up paying two bills twice for that month.

Current upcoming paydays are the 13th and 27th. All bills for the first half of this month are taken care of from last month's last paycheck. So does that mean I should throw the entirety of the check for the 13th into Savings (or whatever)? As far as I can tell, that is how it should work.

I've no clue though. Frown

Posted in Budgeting, Personal Finance | 4 Comments »

4 Responses to “Wonky Pay Periods Have Thrown Me Off!”

  1. Xtreme Thunder Says:
    July 13th, 2012 at 11:52 am 1342180328
    1342180328

    My wife and I get paid every two weeks which are on the same two week cycle. If you budget like I do, every two weeks, then two months out of the year you will have an "extra" pay check for those months. So with that "extra" pay check I put two weeks worth of groceries and auto gas into respective account and use rest for savings. Then the first pay check of the next month starts the normal cycle again. I am able to work it like that also being this months bills are paid with lasts months money as I only have things due within the first 5 days of the month, being the first pay check after the "extra" will usually be later than normal in the month.

  2. creditcardfree Says:
    July 13th, 2012 at 01:11 pm 1342185076
    1342185076

    It sounds like you should just save it, however, do you have bills due between the 13th and the 27th? If so, you need to pay them with the money from the 13th. If there is extra, I'd save it until you know that you are back on track.

  3. Frügal Says:
    July 13th, 2012 at 02:21 pm 1342189284
    1342189284

    Sounds like I have the right idea, then.

    And whatever I spend out of this "extra" check, I can later remove from my next check and put into savings.

    Ha. I miss getting paid on the 5th and 20th. Wink

  4. Frügal Says:
    July 15th, 2012 at 01:36 am 1342316199
    1342316199

    Agreed, Jerry!

    We were able to do some fun things with the money this weekend. We ordered two sets of pedals for our recycled bicycles (that I rebuilt). We also got a vertical dual-fan (for horizontal-sliding windows) that can do either exhaust, intake, or both. Got a liner for the bath/shower. And I took my wife to Goodwill for some much-needed clothes. Smile
    Totals:
    Pedals: $8 ea. (reg. $12)
    Fan: $52 (reg. $65)
    Liner: $7 Clothes: $42 (reg. $410)

    I think we have been pretty good about it. Smile With the rest of it, the wife still needs undies, and I think we might need one or two other items. But other than that, we will be paying off half of the credit card balance we had to use when we moved over here. Smile

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