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re: Monthly pay vs. Bi-weekly

Posted on 7/17/14 at 3:50 pm to
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 7/17/14 at 3:50 pm to
I prefer Monthly or Bi-Monthly because then you know exact days each year when that money is deposited which makes it easier to plan bill payments and automatic transfers.

I just switched to a company that is bi-weekly and it's driving me crazy being thrown off my monthly schedule. Having a specific first/middle of the month financial structure kept me on my routine's better.
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 7/17/14 at 4:11 pm to
quote:


I just switched to a company that is bi-weekly and it's driving me crazy being thrown off my monthly schedule. Having a specific first/middle of the month financial structure kept me on my routine's better.


Me too. I had to delete all of my automatic investments because only a couple offered every-two-week options. Couldn't be mixing and maxing, all or nothing!
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