Acorns, Aug. 25, 2022 — Marguerita Cheng, CFP® Pro, is featured in today’s article by Sophia Pitt, who writes, “If you get paid biweekly as a W-2 employee, there are usually two glorious months out of the year when you get three paychecks instead of two. The months you take home three checks will depend on your pay schedule. If your first paycheck in 2022 is scheduled for Friday, January 7, your three-paycheck months will be April and September.”
For example, if your first paycheck in 2022 is Friday, January 14, your three-paycheck months are July and December.
Planning Ahead for Three-Paycheck Months
“Planning ahead for three-paycheck months can help you reach your money goals faster,” explains Marguerita Cheng, CEO of Blue Ocean Global Wealth. “If you and your partner commingle your assets, there could be a situation in which you have four extra checks and can make big financial moves.”