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Originally Posted by RFlush
Exactly what Special K said!
For those of you who think its a bonus or extra cash, you guys must have really piss poor spending habbits or no money sense.
If you are making $60k a year and get paid bi-weekly, and assuming there are 2 "extra" paycheques, you will make $2,307.69 gross while getting paid bi-monthly gives you $2,500 per paycheque. No matter what, it still equals $60k and all the same.
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I don't think anyone actually thinks they're getting extra money as in extra salary. Like Skinny said, when you have monthly bills that are generally paid with 2 cheques on months you get that third you'll have more disposable income because those bills are paid with the other two draws making that money you normally put towards those bills disposable.
If you have a $100 cable bill do you pay it once a month or do you pay $46.15 every two weeks? I'm guessing you pay the $100 every month. If you did pay every bill weekly or biweekly then I'd agree the 3rd cheque in a month makes no difference at all.
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Last edited by quasi; 07-07-2013 at 07:46 AM.
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