Your goal is try to get at least one month expenses ahead so you won't be living paycheck to paycheck.
That can take time, so since you are used to budgeting for month, use the first biweekly paycheck of the month to pay the end of month bills and the second paycheck to pay the first of the month bills.
Now most months will have two paychecks. If these two paychecks cover all your expenses then you have the opportunity to build up savings. Twice a year, you will receive three paychecks a month instead of two. This is because there are 52 weeks in a year not 48. If you can pay all your expenses with two paychecks a month, you can put these two "extra" checks into a savings account and start an emergency fund. The problem will occur if two paychecks a month doesn't cover your expenses and you need the money of the extra paychecks. If that is the case, then try to arrange payment of semi-annual bills, like car and renters insurance for the months you will have three paychecks. Ideally though, budget on a two paycheck a month basis and save the third checks.
Morninglarke t1_iubwfzd wrote
Reply to Monthly to Bi-Weekly Checks by LaceMeUpp
Your goal is try to get at least one month expenses ahead so you won't be living paycheck to paycheck. That can take time, so since you are used to budgeting for month, use the first biweekly paycheck of the month to pay the end of month bills and the second paycheck to pay the first of the month bills.
Now most months will have two paychecks. If these two paychecks cover all your expenses then you have the opportunity to build up savings. Twice a year, you will receive three paychecks a month instead of two. This is because there are 52 weeks in a year not 48. If you can pay all your expenses with two paychecks a month, you can put these two "extra" checks into a savings account and start an emergency fund. The problem will occur if two paychecks a month doesn't cover your expenses and you need the money of the extra paychecks. If that is the case, then try to arrange payment of semi-annual bills, like car and renters insurance for the months you will have three paychecks. Ideally though, budget on a two paycheck a month basis and save the third checks.