Question

YOU GUYS!  I got a new job and will be starting in two weeks!YOU GUYS! I got a new job and will be starting in two weeks! Higher pay and less than a mile from home so I’m stoked! I have a question about budgeting for your last check and first check. I am currently paid every other Friday (last check 2/14) and my new job has 10th and 25th as paydays. I have bills that come out on paydays and don’t know when I should call to have the due dates moved from bi-weekly to the 10th and 25th? I’m so worried that I won’t budget correctly and be late on my payments! I should be okay because I believe I’m a month ahead anyway. For reference: my last day is 03/02 and my first day is 03/03.  

Answer 1

We have the same paydays. I would just call and ask whenever, it took 1-2 billing cycles for the change to process for us anyways.  

Answer 2

Be a little careful. Maybe set your bill deduction for the day after pay day. Sometimes my bank doesn’t clear the funds in time and declines my autopays. It’s super frustrating.  

Comments

But congratulations on the new role!  

Answer 3

So my suggestion would be to ask the new job how their pay periods work. When you start on the 3rd which pay period would you get payed for? And ask your current job same. Ending work on the 2nd you’ll probably get at least 1 more check or maybe 2 in March. Than change the auto pays for 1 or 2 days after the 10th and 25th.  

Answer 4

You will probably be more successful asking the debtors to change the due dates for your bills. Companies especially larger ones typically do not change. Just a thought - I have an online checking account that deposit my paychecks 2 days earlier than scheduled. Example/ I get paid the 15 and 30 of each month I receive my direct deposit on the 13 and the 28. That may help you. Easy to open too

Answer 5

Congrats on the new job! Yay for more money, less gas spending, and more time back in your life! I guess I’m not understanding why the dates your bills come out needs to be changed? You start in 2 weeks so that’ll be your March BBP workbook calendar and subsequent trackers for that month. If you put your new paydays and bill due dates down won’t you know which bills need to be paid with each paycheck? (Just like you do know). Sorry - I’m probably just not understanding.  

Comments

@macintosh11 Ah got it.  

Answer 6

If you’re a month ahead on your bills, you should be okay. Maybe put a cushion in your account before the transition, just to be safe. I’d go into savings mode for a couple weeks, just to make sure you’re fine, but I’m sure you will be.  

Answer 7

What book is that?  

Comments

“The Budget by Paycheck Workbook” by The Budget Mom (who the “TBM” in the group name is for. )