The Advantages Of A Bimonthly Budget
Most regular employees get paid once every two weeks, or, what most people refer to as “bi-weekly’. If you are one of these kinds of employees, the best budgeting strategy is to assume you get paid biweekly, even if you don’t.
Many employees (basically those who work in sales including real estate agents) receive a standard biweekly pay check. However, some months, these employees wind up with three paychecks.
That’s because they receive a bonus check which is based on commission. If you fall into this category, you receive a bonus check either on a regular basis or sporadically.
Other hand, the bonus check constitutes a huge windfall and you need to take advantage of that. You can use the extra cash to pay off debt, save for retirement, save for that condo you want, or beef up your emergency fund. You can also save for major purchases such as a new dishwasher, your next car, or a family vacation to Europe.