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Extra paycheck! What do you usually do with yours?

December 2nd, 2008 at 01:03 am

One of the things I like about this job is that although I'm a salaried employee, I get paid bi-weekly. At my last job for a university, I got paid once a month and at the job before that I got paid twice a month(fed. govt). So it's really great to have two paychecks a year that I don't have to pay a single bill out of. In my old life, I would have treated myself to something frivolous but I am through with that mindset and I am looking forward to using my upcoming "freebie" to seriously pay down my debt. Once that's gone, I'll dedicate it to my savings goals. I'm excited.

Posted in Uncategorized | 11 Comments »

11 Responses to “Extra paycheck! What do you usually do with yours?”

  1. Blue Eyes Says:
    December 2nd, 2008 at 01:28 am 1228181297
    1228181297

    I got paid bi-weekly at several jobs in my lifetime. The months that I would get 3 paychecks, I would normally just put it in savings for upcoming bills. I really don't even think of it as "extra".

  2. Ms. Pearl Says:
    December 2nd, 2008 at 01:45 am 1228182313
    1228182313

    my husband and I both get paid biweekly and I love those months with 3 pays. We usually use our "extra" pay for bills, back to school, propane...

  3. North Georgia Gal Says:
    December 2nd, 2008 at 02:29 am 1228184996
    1228184996

    I hadn't even realized that January was a 3-paycheck month! I haven't even thought about it! Since I am trying to live on a budget now, I will probably put most of it into savings.

  4. merch Says:
    December 2nd, 2008 at 02:53 am 1228186382
    1228186382

    I get paid weekly and 4 months have a 5 pay week for me.

    I put 70% of that check towards my financial goal and try to do something a little special like date night or family for dinner.

  5. thriftorama Says:
    December 2nd, 2008 at 02:54 am 1228186465
    1228186465

    Yay January! We'll probably just be boring and put it in the savings account. Or get new gutters.

  6. whitestripe Says:
    December 2nd, 2008 at 03:59 am 1228190372
    1228190372

    i get paid weekly but i calculate all my expenses on a weekly basis, so i don't get 'extra' paychecks, as all my bills, rent, food etc are divided into 'weekly' amounts.

  7. kdmoffett25 Says:
    December 2nd, 2008 at 12:44 pm 1228221875
    1228221875

    I treat it like a regular paycheck and will have an extra car payment, house note, and credit card payments each time.

  8. Koppur Says:
    December 2nd, 2008 at 08:03 pm 1228248210
    1228248210

    I usually throw half at the CC dent and half into savings.

  9. fern Says:
    December 3rd, 2008 at 05:10 pm 1228324223
    1228324223

    I get paid bi-weekly but treat the "extra" paycheck like any other (how boring i know) But it's risky to get into the mindset of it being something "extra," becus it really isn't. It's part of your annual salary that you've been counting on for all your ordinary expenses, so don't forget that.

  10. scrimpandsave Says:
    December 28th, 2008 at 02:01 pm 1230472900
    1230472900

    I put most of it into savings, just like I do any other paycheck.

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