Readjusting my budget with new pay schedule

I run payroll every two weeks, so budget that way.

I spread my bills throughout the month, and generally pay on their due dates. One thing I is to make half my mortgage payment every time I run payroll. It spreads my largest bill across the month, and allows me to make 13 mortgage payments a year, as I end up making 26 half payments.

I would not make any changes to when the bills hit. That first month may make things look a little stressful but after that you will be right back where you started.

Pay all my bills on the first and then cash for everything else.

We do the exact same thing as notsince.

I’d keep your pay schedule the same and not adjust. Your actual day of payment is going to change every month, so it may make sense in Month 1 for the bills to look one way, but by Month 6 it could be a little different.

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I would not make any changes to when the bills hit. That first month may make things look a little stressful but after that you will be right back where you started.

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Yeah this seems like a very easy fix. If you don’t have room for 1 month worth of paychecks to be off in your budget, you’ve got bigger problems than your paycheck timing.

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I try to run as much as possible through a credit card so I really only have one big monthly bill.

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Thats what I do, with a rewards card, just try to get something.

The mortgage is the only thing that doesnt take american express, so I do that separate.

I like for my income to be on a lag to eliminate unpredictability. All income gets direct deposited into savings account called "Next Month Income"

Example:
-Use July income to fund Aug budget
-Use Aug income to fund Sept budget
-So on

Next Month Income savings gets transferred into checking at the beginning of a new month.

I like this method because it gives time to adjust budget to income fluctuations and there's no need to care about pay schedules since you won't need the money until next month anyway.

Eta I funded the first month's budget using savings equal to a normal month's income.

Every other week means 26 pay cycles

Treat bills and payment obligations on a 4 week cycle. You will have 13 of these cycles in a year. If you do this, then the paychecks on 13th cycle will be all yours. Merry Christmas