Money Matters
HoneyBee973
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
months with 5 pay periods
Just curious, how do you use the 5th paycheck in months with 5 pay periods.
Re: months with 5 pay periods
I get paid twice a month, so I never get those--although I love February!
DH gets paid bi-weekly, so he sometimes gets three pay periods a month (not five, but similar). Generally, we don't do anything special with it, because we've already accounted for it in our monthly budget. In other words, I've already multiplied his paycheck by 26 and divided it by 12 to get his approximate monthly income in order to come up with our budget. But it sure does make finances pretty easy for that month and the next!
Sometimes I get three checks a month (I am paid bi-weekly).
We usually spend the extra money on a weekend trip. Not the most responsible thing to do, but it's just what we've always done with it. We don't have student loans or debts to pay down, so other than putting it in our e-fund, we can't think of anything else to do with it, really.
Have you seen my monkey?
We also budget for 2 pays a month for me (bi-weekly) and 4 pays a month for H (weekly). So it's like extra money, and we are finally getting ahead enough to use it as such (and not just getting us back above the water line).
My extra pay twice a year goes to debt. The one in may paid off my student loan
. The one in Nov should pay off our last CC WOOHOO!
H gets paid weekly, but it depends how we use it. In May we used it for vacation, day trips when he had his kids for a week. His one in Aug will help off-set my decrease in pay due to furloughs. Nov will go towards Christmas and going to NC to see his kids for Thanksgiving and Christmas (gas etc). Hopefully next year we can use one or two towards debt/savings.