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    DocFormats.com
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    Bi-weekly Budget Template (5+ Free Excel, PDF Documents)

    What should be included in a bi-weekly budget template?
    A well-crafted template is the first step in ensuring you remain in control of your finances. This article will highlight what to include when creating your bi-weekly budget template. It summarizes an individual’s income and expenses by collecting paychecks every two weeks or twice a month.
    wordtemplatesonline.net
    How to Budget When You Get Paid Biweekly + FRE…

    1. Budget by biweekly paycheck

    Instead of doing onetraditional monthly budget, create a separate budget for each check that you get every 2 weeks. This way you can tell the money from each individual paycheck exactly where want it to go before it even arrives! When you budget biweekly like this, you will essentially be working in 2-week increments. Most months will have 2 biweekly checks and the month …

    1. Budget by biweekly paycheck

    Instead of doing onetraditional monthly budget, create a separate budget for each check that you get every 2 weeks. This way you can tell the money from each individual paycheck exactly where want it to go before it even arrives! When you budget biweekly like this, you will essentially be working in 2-week increments. Most months will have 2 biweekly checks and the month will last for 4 weeks. But twice a year you will have months with 3 paychecks that last for 6 weeks. You will (very) loosel...

    In the sample calendar above we have a:

    1. Biweekly budget at a glance 2. Each month is color coded but broken down into sparely biweekly budgets as well (shown by light and dark shading) 3. April, May, July, August, and September cover 4 weeks (loosely follow monthly calendar but not exactly) 4. June is a 3 paycheck month so it covers 6 weeks 5. Each month has 2-3 biweekly checks in it to budget out 6. Person gets paid every Friday 7. New budget starts every other Friday, and ends every other Thursday The trickiest part about budg...

    2. List all of your expenses on a calendar

    Easy Budget

    Pros of a Biweekly Budget

    1. You don’t have an excuse to not budget on an irregular income or a biweekly income I hear objections to budgeting all the time, and one of the most common ones is that budgeting is too hard or that budgeting won’t work on a certain income type. That could not be further from the truth. Budgeting is as hard or as complicated as you make it and by budgeting biweekly we have debunked the myth that you can’t budget on an inconsistent, irregular or low income. 2. It matches up with your pay sch...

    Cons of a Biweekly Budget

    1. It can take some work to get your budget and bills just right One of the disadvantages of budgeting biweekly is that it does take more work to get the layout and timing of your budget and bills figured out. It does take more diligence and work at first when you are budgeting biweekly, but once you have it down, you will be so happy with how intuitive it really is! 2. There is a time sink in creating two budgets and calling your service providers to move around due dates if necessary Like w...

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    There will be months where you have an extra paycheck. There may be months where you receive a tax refund, Christmas bonus or some other form of “unexpected” money. So, what do you do with it when you budget biweekly? Well, there are a couple of options. My favorites include paying all of your bills one month ahead, saving the money, paying off deb...

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