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Old 01-07-2009, 11:02 PM   #3118
Clodfobble
UNDER CONDITIONAL MITIGATION
 
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
Yes, but the switch from one to the other can be rough. Your expenses are still monthly--so until you get to the first "three paycheck" month, you'll be working with no buffer. If you make $50,000 a year, that translates to about $160 less per paycheck, i.e. $320 less per month until the magical extra paycheck comes in. If you have decent self-control and budgeting skills, you can then make that extra paycheck last until the next three-paycheck month, but not everyone has that. Most people just learn to live on the lower amount and treat the two extra paychecks as bonuses. I used to work for a company that did bi-weekly paychecks, and it was a huge pain in the ass.
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