Budgeting 101: How To Do A Monthly Budget If Paid Biweekly Or Every Two Weeks

[@iMAGATRON]

I have a suggestion. I worked in financial services for a couple years. One of the most important things to remember is 1 tenth of everything you earn is yours to keep. In other words, PAY YOURSELF first; i.e. Savings Need to have at least 3 months worth of income saved up as an emergency FUNd. Your cable doesn't care if you pay your rent, Rent doesn't care if you've paid for you car. None of your payees care if the other got paid. So definitely pay yourself first. Learn how to live on 90% of your income and put the 10 away every month. Also when you have a 3rd paycheck in a month... Put that entire amount into the savings account. This savings account should require you to actually walk into the bank to get money out. Not connected to overdraft, or have a debit card for it. Just my two cents. Pun intended. ;)

[@duncan8345]

Thank you sir👍🏾

[@l3l24lvol0lv]

From an unorganized, procrastinating , undisciplined guy trying to straighten things out - this is fantastic. Thank you, this will greatly help me.

[@jlmurray2025]

I’m with you hon that.

[@the_yisus0018]

how did it go man? did it ever help you?

[@JustFrugalMe]

This is so important! If you want to succeed, you need to create a budget. Without a budget, you lack focus and direction. Budgets not only allow you to take control of your financial direction; it also provides you a benchmark for determining whether you are actually succeeding.

[@LakishaJohnson4beauty]

I pay on my rent bi-weekly. I do it that way so I won't be all the way broke during the first of the month. Take that extra $ on the 15th (using these numbers as an example) and apply it towards rent due on the 1st. When the 1st rolls around you just need to pay the other half with the check you receive on the 1st. Do this every time you get paid, and you are a paycheck ahead of rent.

[@xxix_desii_xoxo4482]

LaKisha Johnson great idea

[@lovedestinae6997]

I live in the south and these are pretty realistic numbers for me as a recent college grad. I don't pay rent since I still live at home with my mom or sometimes my sis, but her rent runs her about $600 for a 3 bed 1.5 bath in a decent neighborhood. And my car note is $300, insurance $100. I really liked this vid, as I am new to budgeting and will be starting my first professional job in a couple of days and it pays biweekly.

[@gigi8528]

I’d put the extra $125 towards the car note from the $295. That would leave $170 left. I’d save the $170 each month. $170 x 12 months = $2,040 x 3 years = $6,120.

[@CallMeWilsar]

Thank you for creating this video. I’ve always been paid monthly and I have a new job (and increase pay! which now pays me biweekly. I don’t love it this way but I can’t control it. What I can control is figuring out how to make it work so this video helped me figure that out. You have no idea how at ease I feel right now. Again, thank you so much and you’ve gained a new subscriber!

[@mandyonabudget568]

This also works for those paid semimonthly. Getting companies to change your due date is very helpful. I have my bills situated so I can “pay myself” first, so I don’t have to worry about the food budget.

[@Rkg1205]

$570 for rent?! I need to move wherever you are! I would be the happiest person alive paying that kind of money.

[@kellykelly5128]

We pay 500 for 2 bedroom I live in Detroit 🤣🤣 some parts of the house aren’t updated

[@BudgetLady]

Congratulations on paying off your car!!! That’s my goal this year!!!

[@BethRichLife]

This was very helpful. Seems really simple and I don’t know why it never made sense to do it this way before. When I get home I’m going to setup my April budget. Thanks.

[@neevaflowers]

It's very helpful to see a bi-weekly budget laid out like this. I appreciate this. Thank you! 😊

[@miriam2338]

Great video! That is exactly how I started my budget as I get paid 2 times a month.

[@Kay-fv7cw]

Nice video. I got paid on the 15th and end of month for years (it's called semi-monthly), and loved it. When I went bi-weekly (every 2 weeks) it really threw me off😞

[@kimmykim1277]

This is how i set up my budget. I only pay bills 2 times a month when I get paid. I auto pay 2 Bill's and make site I keep that amount in my account. I like that you didnt make it even because it rarely is balanced. Great job laying it out!!

[@LaughingLaughs88]

I’m happy to learn from someone that looks like me!

[@norahdavex4417]

Yes, I can totally relate to this budget. Boyfriend and mine's expenses are about the same.

[@itssricaa96]

Instantly subscribed ‼️🙏🏾 THANK U Side note - My bday is Jan 29th 🔥😍

[@atxbrighteyes]

Where do you live? I need those types of prices!!

[@ShayBudgets]

SheCreates Georgia

[@atxbrighteyes]

Shay Budgets Imma need to move there! Can't even get a one bedroom apartment for less than 1000. Here. Smh

[@austinreeves9112]

SheCreates right

[@austinreeves9112]

My 1 bedroom is 775 a month and i pay water electric and trash and renters insurance is required as well

[@MrTrav110594]

NYC Brooklyn one bedrooms going for 1600+ / Month

[@RivaTheDiva]

Jesus ur rent is love ... in Maryland it’s crazy high I’m paying 1650 🤦🏾‍♀️

[@martinarnaud1266]

1300 in Chicago for a 2 bedroom. 🤔😥

[@MarkieDstudios]

Yes I’m from Maryland/ Washington DC side and I agree I’m moving to Atlanta or North Carolina

[@learntocrochet3952]

Southwest suburbs of Chicago (40 - 50 miles Joliet, Aurora, Plainfield) is $500 - $900 a month for a 1 bedroom.

[@JuliaRtv50]

Thanks For All Your Videos! Blessings!

[@unc4evababE]

Thank you for this video, this explained everything perfectly for me

[@johna9168]

Great video! A little suggestion? move your “fun money” into the next paycheck and ball out!!!! Lol thanks

[@erica1672]

Great video very doable..Car Insurance for $80 is a great deal.

[@kaydee5588]

Great job I have just discovered your channel I have subscribe and will be tuning in.

[@PenniesNotPerfection]

Great budgeting basics video! I’m impressed by your rent amount! I live in the south too but I’ve never paid less than 650 and thought that was a steal without anything included.

[@ashleychanelle1997]

$50 a month for gas!? How do you drive to the place to get the income?

[@ShayBudgets]

Ashley Chanelle1 lol!!! I drive a hybrid 😝

[@thelmaespinel8558]

Thank you I really need this budget😊👍🏻

[@coolcutsgal2]

1/1 in SoCal: $1600 for RENT Only!

[@commentator2718]

Great video! Thank you.

[@jessicasdiymore5918]

Thanks very helpful that’s what I’m going to start doing next paycheck since we only have one income and we are a family of 7

[@Browntinkerbelle]

This was very helpful! Thank you!

[@watchmesave4912]

great video.

[@nothingisimpossiblepratt3497]

Very detailed thanks for sharing

[@halfmoonyogi4997]

Cancel cable, and Internet should be 50 max. I cancelled mine and I use the library and data. Cell phone can be as low as 15/month with mint. Fun money on 2k a month with debt is tricky. Can fun be free for a while?

[@ShayBudgets]

This video is like five years old lol

[@MrMarioandtanya]

Damn Love those prices I pay $1,500 for rent here in Miami

[@staytruewarriors9185]

Very nice!!! Great video :)

[@GhostFaceTraderz]

$80 insurance! I’m paying $550 a month!

[@In_time]

When people say “bi weekly” do they actually mean 2 times a week? Is anyone getting paid twice in a week? Or do they actually mean _bi-monthly_ ..2times a month/roughly every other week? I can’t tell if I’m confused or if other ppl are... 🤷🏼‍♀️

[@ShayBudgets]

in time By definition, biweekly means every two weeks or twice a month

[@In_time]

Shay Budgets thank you!! 🙏🏻 I was feeling like I was in the wrong line of work if everyone else getting paid 2x a week 😂

[@taylorbrimer]

Typical biweekly is every other week. That leaves 26 pay periods a year so two months of the year you get one extra paycheck that month . Semi monthly means twice a month on specific days of the month so always twice a month.

[@lamkiska]

I’m struggling with trying to create a budget! My husband gets paid weekly and I get paid every two weeks. Please help!!!! 😣

[@lawill3559]

Depending on what expenses are due closes to each of your pay days, “I’d” just budget by each of your checks......if possible.

[@MommyHood]

What about sinking funds? What would you do then :)

[@ashley6153]

This video helps out a lot. We get paid semimonthly with a check on the 15th & last day that treat as the a check for the coming up month. Is there a better way to budget for that?

[@ShayBudgets]

Ashley Arnold no, I think you’re doing it the best way!

[@slickhandzx813]

What car insurance are you working with.

[@tayloralexandria1808]

Nevermind I understand what you did !

[@queenblack730]

Great video

[@jasmineholloman7217]

I only make 250 every 2 weeks and I’ll be getting an apartment with my best friend who makes the same amount and we are still figuring everything out like how we will pay rent and bills

[@LifeOfXeri]

Jasmine Holloman oh no bby you need more than that not trying to be rude just realistic what do you do for a job 😕😕

[@nathanielwalters158]

I would recommend that you get additional source of income. Before careful with counting on your friend. Definitely need to have some money saved money as a precaution.

[@srenee010]

But what if someone in your family they get pay bi-weekly and monthly like social security.Then how do you budget that.Just asking and looking for some help.

[@nikki22yeo]

3 sections....divey up the bills between. Play around with what you pay with each section until it makes since.

[@davidysla2642]

Thanks for this. I get paid bi weekly. My car payment and rent are due at the same time 850.00 for rent. And 372 for car payment. Would I use my 2nd paycheck of the month for car payment due on 3rd and then pay rent is on 1st-3 is late. on first paycheck? Example I get paid on 22nd of this month would I pay rent on this check or car payment. And then on April 5th pay rent , 2 paycheck of April 19 would be car payment the May 3 be rent? Would that be right or do I reverse it? Any help would be great.

[@ShayBudgets]

I would actually suggest calling the car loan company and moving your due date!

[@davidysla2642]

Shay Budgets I actually already did and they said no it can’t be changed.

[@davidysla2642]

Shay Budgets I already called them and they can’t change the due date. So I guess I’ll need to find a different option.

[@mzgoldiechanel5]

with 2nd check of month half put aside for rent for the next month when you get paid you only have to come up with the next half of rent then you can pay car payment on time dont wanna pay that late cause that effects your credit

[@MarkieDstudios]

Question how is it that your outgoing is not the same or even out to when you break it down biweekly? Shouldn’t the leftovers equal to 1705? I just tried the same thing and it didn’t work also my outgoing is different from after breaking it down biweekly

[@MoBettaLiving]

Greetings! I'm desiring to get my finances and savings in order. Could you please suggest a planner that I can purchase. I have your etsy so I will purchase stickers. Question can they be customized for my bills?

[@specialk8927]

I'm single and get paid weekly along with other business income. How would you incorporate those income?

[@ShayBudgets]

Special K I would do what I do now. I would make my monthly budget with my base monthly pay but I would do weekly budgets

[@truckerkev7067]

Great content sis

[@JuliaRtv50]

Does this work for someone on a MONTHLY income ofless than $650?

[@LaToyaPlansLife]

I love this video but I notice you didn't include credit card payments. How do you include those?

[@ShayBudgets]

Any additional payments/debt payments/expenses/etc would have to come from that $295 that’s “leftover”

[@armandosandoval698]

Girlllll 50 USD in gas now a days is a blessing

[@hazeharrisoniii8254]

Do I have your permission to use your video on my website... it's exactly what I am looking for.

[@ShayBudgets]

Sure

[@naokarina593]

No saving?

[@JohnDoe-ze8pf]

Student loans $100/month?! Mine is like $700/month

[@TivonyByTifani]

Where the heck do you live!? You can’t find those prices here in Miami😩👐🏾

[@ShayBudgets]

Georgia

[@lataviorsmith1734]

Incoming:$2,000 Outgoing: $2,999 😂

[@tristiciadaley8559]

No savings?

[@E150GT]

I like your hands

[@dracojensei1141]

No food budget when u get food stamps 😅

[@naniedixon620]

I get paid one time a month can you help me

[@polyglotlanguages5958]

Gas?

[@FrankBishopPS3]

$570. For rent? Shit my rent is just under $1000 a month for a small 3 br "low income appt"

[@tayloralexandria1808]

In this video are you saying that every two weeks you would make $2000 or is that for the month? Just wanted to clarify. I get paid bi-weekly and wasn't sure if I needed to make my budget for a monthly basis or every two weeks.

[@mzgoldiechanel5]

makes 2k a month what she saying

[@nikki22yeo]

Do it for the monthy bills...benefit is twice a year you will get two extra paychecks...dont use monthly income. Use 2 take home paychecks.

[@surfkroq1]

1800 here for rent :(

[@stinkymushroom8007]

All my fun money is gonna go into roblox

[@UpperCaseX]

Wow 570 @nyc im almost 3k

[@UpperCaseX]

lol my mortgage is way more than ur entire budget. almost double

[@ShayBudgets]

Yikes

[@jervishorton7372]

Getting paid bi-weekly while living in a big city will leave you broke with little savings. It is manageable if you have no social life. And stay single SMH

[@lwinston5950]

Girl I would love to hv your bills

[@Omertarodd]

Can you make or someone make a real Video explaining because who rent in real life is $570…. I’m paying $1300 for rent a month ..

[@ShayBudgets]

Explaining what?

[@zulynava4059]

It would be the same process but with YOUR numbers.

[@brittanykd08]

$570 rent .... I wish

[@kaylabrown4699]

This helped none I get paid 600 bi weekly

[@djaniaofficial]

Food for $200 per month? LOL

[@ShayBudgets]

LOL

[@capsoulgotthehits6719]

this is unrealistic and not very helpful thanks for the effort though.