To convert biweekly pay to monthly pay, you will need to take how much you are paid biweekly, then multiply this figure by how many paychecks you receive in a year, which is normally 26. Once you have this figure, you can divide it by 12, which will give you your monthly pay. Even though you receive 3 paychecks 2 months and 2 paychecks the other 10 months, this monthly figure would be how much
. you actually earn in a month. For budgeting purposes, many people find it helpful to only budget based off of receiving two paychecks a month. When they receive an extra paycheck, this will be extra money in the budget, which can allow them to pay for unexpected expenses (such as car or home repairs), make a contribution to their savings accounts, or to pay down a chunk of their debt. You will still need to account for groceries and other weekly expenses, but the rest of the money should give you a budget boost.
