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3 paycheck month

February 1st, 2009 at 06:34 am

January was a 3 paycheck month for me. We use YNAB to budget, but are used to being allotted our "mad money" every 2 weeks. For this "extra" paycheck I'd love to be able to put the whole check toward EF or split between EF and our smallest debt (the personal loan that is down to $1,486). I can not wait to pay that loan off! I have been paying $230/month on that which is the minimum plus $103 from a loan I paid off prior to this one. Once that one is gone I will add the $230 to our next debt in line and really get rolling. Smile

Anyway, I ended up taking 1/2 of our usual amount of "mad money" from this extra check instead of the whole amount or nothing. My DH is still not happy to have his mad money cut in half, and I tried to explain the concept of the "extra check". He is not happy but he is living with 1/2 the mad money for the next 2 weeks until I get paid again.

6 Responses to “3 paycheck month”

  1. disneysteve Says:

    May and October are my 3-paycheck months this year. I always send 20% of each gross paycheck to savings, divided up between a few places. Those "extra" paychecks the full 20% goes to the Roths or the mortgage after the Roths are maxed.

  2. Smiley2009 Says:

    This month was a 3 paycheck month for me as well however, I paid my rent twice so in May which is my birthday month. I'll have the extra Check I'm going to do something nice for my self. (I haven't decided yet) but spend another third of it on debt and the other third is going to savings.

  3. gamecock43 Says:

    3 paycheck months are truly the best. Enjoy.

  4. Koppur Says:

    That is great that you got the extra check and are using it towards some of your goals. Smile

  5. MarianneJ Says:

    Smiley, I like your idea about saving a little to treat yourself for your birthday. Good idea to plan in advance! Smile

  6. Smiley2009 Says:

    Mariannej I'm sacrificing now for something nice in the months to come. I figured why not????

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