![]() In that case, work your budget to save half and pay the rest as it makes sense.ģ. Of course, some bill due dates may not be movable. Moving around bill due dates tends to be a simple task and most, if not all, companies will want to work with you. If this is your first time putting together a biweekly budget, listing your bills will also give you an idea of what due dates you need to shift based off of your biweekly income. You may want to move the dates of when you pay certain bills or call your billers and ask them to change the date of your billing to make it work better for you. Listing your expenses will give you an idea of how much to budget in your biweekly budgets, which bills will be paid with each check, and what dates you need to have your money ready by. You can also list these bills with their due dates beside them, or use an electronic calendar/planner. Next, you need to write out all your bills and expenses to see how they will line up with your biweekly budget! Print out a monthly calendar similar to the one above and write down what your bills/expenses are, how much they are and when their due dates are. ![]() You can also go over last month’s budgeting wins and things that you may need to work on in the future.Ģ. This will ensure that you are prepared for the month ahead, that you go over what bills are coming out and that you are prepared to save for upcoming expenses like holidays, birthdays, or car maintenance. ![]() I suggest setting aside 30-60 minutes the night before a new “month” starts to write out both of your biweekly budgets. Even if it’s not an exact number, it’s better than using no data to begin your biweekly budget. Budgeting based off of your average income amount gives you a starting point so that you’re not just pulling numbers out of thin air. This is what you can expect in your monthly income. How do you find out what your average income amount is? Take your income for the last 6 months and divide it by 6. If you’re not sure what you’re going to be paid every 2 weeks, use what you have and start from there.Īlternatively, if you are on a fluctuating or inconsistent income, budget based off of your average income amount. It also works for those paid on commission or in the gig economy. It’s quick and it’s free, for those with tight time budgets.This system works particularly well for people who are paid biweekly. Just click on the download link button beneath the sample chosen to start the process. doc format) and personal budget examples can be downloaded from the page. Keeping tabs of your actual spending may sometimes result in you saving up for that fancy vacation you always wanted. ![]() It is also particularly note worthy to mention having an emergency fund of at least worth one paycheck just in case things get a bit hairy. Importance of a Bi-Weekly Budgetįor those who are getting a salary on a two-week basis, it is important to keep your spending in check to avoid costly charges and getting your credit note all the way to the moon. Consider diverting your expenses to target saving for say, your retirement or a new car.īudget examples in PDF and simple budget examples are shown in the page for reference. Always consider your budget for two weeks notice and allot payment for your bills first.This should be roughly equal to your two-week pay. Family Budgetĭownload Tips for Budgeting on a Bi-Weekly Pay Scheduleīudgeting two-week pay should not be too hard if the following pointers are met: You can increase the amount after a month in case you still have extra.īlank budget examples and basic budget examples are shown in the page for additional reference in making your own budget plan or sample schedule. Always leave at least 10 percent as emergency funding.Allocate your income to expenses relating to basic needs like food, housing, etc.This is your baseline for what needs to be paid. Identify your monthly expense reports and divide them by two.Budgeting your bi-weekly pay or two-week pay would not be easy, but it can be fairly good if the following steps are taken. Many of us probably have trouble in budgeting our salaries to cover the next pay date. Looking at the samples provide further information and should inspire you in making your own budget plans. Thus, the two-week budget dilemmas.īudget examples and monthly plan budget examples can be made from the examples shown in the page. Most of us have pay cycles that happen twice a month. Much has been said on how to have a bi-weekly budget.
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