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Our Bill Pickle

real life with (very) real debt

How to make the most of a bonus pay month

November 8, 2018

Making the most of a bonus pay month

If you get paid biweekly,  you know exactly what I mean when I say bonus pay month.

On a biweekly schedule, depending on when you get paid, there are typically two pay days a month. In every job I’ve held, I have been paid on Thursday – once near the start of the month and once near the end.

This is how it works 10 months of the year.

The other two months are a little different.

They are bonus pay months.

During those two months, instead of two pay periods, the calendar aligns to give you three. As a person who gets paid biweekly on Thursday, one of those months this year is November.

I love when this happens – the extra week of income definitely helps so close to Christmas. Additionally, because Jeff and I get paid on alternate weeks, that means instead of two three pay months during the year, we actually get four.

As a result, we’ve gotten pretty good at making the most of these bonus pay months.

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Posted by Tara Leave a Comment
Filed Under: Budgeting Tagged: biweekly pay, bonus pay month, debt-free journey, saving money, sinking funds

Hi, I’m Tara!

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