simple monthly budget template free printable

It is always advisable to create a personalized budget that addresses your expenses based on your income. You may be required to reschedule bill payment dates/times when implementing a bi-weekly budget.Įssential Components of a Bi-Weekly Budget Template.There is always a possibility of misappropriating income generated from the two extra paychecks in a 26 paychecks situation.

Laying down the framework for a bi-weekly budget template is frustrating at first.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.

Simple monthly budget template free printable