![]() ![]() ![]() With short notice, a bi-weekly budget can help you save up for special events such as birthdays, holidays, school field trips, etc.Bill payments and due dates are easier to track using a budget.With a bi-weekly budget template in place, you can plan for extra income from extra paychecks, which can be directed to secondary needs such as saving, investment, and loan repayments.A bi-weekly budget helps you budget your income while considering the timing of your paychecks.Semi-monthly paychecks give you two extra paychecks that must be considered in your income and expenses.A bi-weekly budget template can work to your advantage but can sometimes have its downfalls.īelow are the pros and cons of a bi-weekly budget template: Pros However, if you’re paid after every 14 days, you have 26 paychecks to consider when budgeting. If you collect your paycheck twice a month, you have 24 paychecks to budget for in a year. While creating a bi-weekly budget, you have to consider the number of paychecks you will receive depending on the bi-weekly remuneration approach used by your employer.
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