Notify me of new posts by email. Skip to content If you get paid weekly, there are normally four months out of the year when you receive five paychecks instead of four. The reason? There are actually 53 Fridays in , not 52 like a normal year.
Paid Every Week? These Months Have 5 Paychecks in However, since Friday, January 1, is a bank holiday, many employers will process payroll a day earlier on Thursday, December 31, Here are some ideas: Get out of debt faster credit cards, student loans, etc.
Save for a down payment on a home Build your rainy day or emergency fund Take a short vacation Pay for Christmas or birthday presents Put it toward a 6-month auto insurance premium Save up for a new car or a used one! That's because the 52 weeks in a year aren't distributed evenly between the 12 months. Because many regular expenses such as rent, gas, electric, and all those internet and phone bills are due monthly, you'll likely end up with a little extra cash in your wallet in these off months.
It pays to make a note of when those five-paycheck months will occur so you can plan ahead for how you'll use those extra checks to improve your finances.
You can just bank that extra paycheck into a savings account or add it to your investments. If you do that each month in which you get an extra check, you'll have added a full month's worth of net pay to your nest egg—and you won't have shorted yourself on your monthly cash flow needed to meet regular expenses.
Or, you could use that extra money to pay down credit card debt or make an extra payment on your mortgage , which would go entirely toward the principal, increasing your equity. So why not set up a "splurge" savings account that's devoted entirely for play: vacations, expensive dinners, pricey entertainment, and more.
Just don't do this at the expense of a common-sense savings plan that will help you achieve your future financial goals. If you are paid weekly on Fridays, each of the years from through has at least four months containing five paydays. That's a lot of extra cash to use for fun, to pay down debt, or any other way you see fit.
The following list shows which months have five paydays during those years:. If you get paid every two weeks, you will also see months where you will receive three paychecks instead of two. However, this will only occur if your payday falls on the first Friday of a month that has five Fridays in it. Unfortunately, if your payday falls on the second Friday of those months, you will only receive the usual two paychecks.
The next step? Get out your calendar and check the five-Friday months to see when your paydays will fall. Seasonal expenses during these months that are not in your regular monthly budget might include holiday spending, birthdays, taxes, school expenses, or months with recurring home and car maintenance.
If you do get an extra paycheck, it might show up just in time to keep your budget on track during those extra-spending months. There are three main categories of taxes you have to estimate to figure out your take-home pay. The first tax is the payroll tax, and most employees will pay 7.
It was the Babylonians, who lived in modern-day Iraq and decided that our weeks would be seven days long. They were accurate observers and interpreters of the heavens and they adopted the number seven because they had observed seven celestial bodies: the Sun, the moon, Mercury, Venus, Mars, Jupiter, and Saturn.
Hence, this number was significant for them. Check out how many weeks are there in a month in this lesson and get a better idea of how you can manage your tasks in time. Have you ever thought about how the calendar works and helps us time ourselves every day? The Gregorian calendar, the most widely used calendar in the world, shows that there are days in a year except for leap years which have days.
All the months in the calendar have 4 complete weeks because every month has at least 28 days. Observe the number of weeks in the 12 different months of a year. Let us have a look at the table given below, which shows the exact number of weeks and days in each month of the year. Weeks in a month table helps us to plan events in a better way. To find out whether a year is a leap year or not, we divide the year by 4. If it is fully divisible by 4, it is a leap year. For example, is divisible by 4, thus, it is a leap year with a February of 29 days.
While the rule given above is applied to all regular years, century years like , , , , and many like these need to be divided by to check whether they are leap years or not. For example, a century year like is divisible by , so it is a leap year.
However, a Century year like is not divisible by , thus it is not a leap year, even though it is divisible by 4. Example 1: Calculate the number of weeks for the month of March
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