Monthly pay vs. Bi-weekly

You get paid each month and spend it just as you would otherwise?

The only thing you may need to do is change payment due dates on a few of your bills to just align them with when you get paid.

I like it better. It made me actually budget switching from one to the other

It's not bad. My wife and I have both transitioned to Bi-weekly in the last two years. We've been able to budget everything on two checks a month and throw the third checks twice a year into savings.

The transistion is the rough thing. Because, rather than getting a paycheck two weeks from now, you are going to get twice as month a month from now. So for timing issues, you need to make sure you have enought o get you to the first paycheck. Beyond that, you will be fine, just remember the money needs to last you a month.

The comment about due dates is good advice. I try to have roughly half of my bills due right after each paycheck (I get paid 2x/month now). So you might want to adjust the due dates for things that you can.

I had a gig that paid monthly a few years back. I fricking hated it, not because it required more careful budgeting or whatnot. That part was easy...

I hated it because the company did monthly payroll because it was a) less costly to administer than weekly or bi-weekly and b) if paying salary out monthly the money is sitting in the company's account gaining interest instead of yours. Dont think for a second that this fact is lost on the people running the company.

This distinction between bi-weekly and monthly may seem trivial but can have very real long term implications on your 401K and savings return.

It may be no bother to you, I'm just neurotic like that...

I get paid bi monthly, wife gets paid bi weekly, it was easier when I was single & getting paid monthly.

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.