S/O budgeting

oooCarrieB

Anyone have any advice about going from being paid semimonthly 24 times a year to biweekly26 times a year? I work in finance but I not great at budgeting. Right now I just split my monthly bills in half and pay half when I get my first paycheck and half when I get my next one ever month. DH makes a lot less than me, so his paychecks go for groceries, misc stuff and extra savings.

Any suggestions? My paycheck schedule changes in July and I'm nervous that I will mess it up. Maybe I'm over thinking it.

LittleFish1

I have always just paid bills as they come in because I worry that I will miss a payment and then have late fees. Then again, I get paid once per month, 10 months of the year. My salary does not vary month to month though. If you know what the annual s

kross605

I'm like pp, I base my monthly budget on two paychecks and twice a year I get an "extra" check that we use for nonmonthly bills like vacations, home improvements, savings, or paying off credit cards.

ASmallWonder

Ditto the others. I base my budget on pay twice a month.  The months we get paid three times there are still weekly expenses that have to come out like groceries, gas and daycare and then the rest goes into savings.

groovygrl

I might be missing something but it seems to me the only way this is a big problem is if you relied on the full amount of both checks in the past and the few dollars less they will be now if you still view them as twice monthly will result in you not b

ss+el

Ditto the others. I just budget based on 24 checks and the other 2 are extra. We don't really vacation, so I often just make a nice, large mortgage payment.