Most lenders will return payments if they are less than the total amount due. Don’t send in partial payment unless they approve it. Living on nothing for two weeks is certainly not fun, so consider taking half of your mortgage payment from each paycheck.Ĭontact your lender and see if they allow you to make bi-weekly payments. When we make our entire mortgage payment from one of our bi-weekly paychecks, there’s usually not much money left over. ![]() and leading to a lot of financial insecurity. High housing costs are increasing throughout the U.S. Pay Your Mortgage Bi-Weekly Instead of Monthlyįor those who own a home, our mortgage payment is usually the largest bill that we have each month. This causes a chain reaction and the next month’s bills are late, too. Typically, people who have this mentality end up paying their next set of bills late. Yes, it’s true – there are two months each year where you will get three paychecks in one month, but that doesn’t mean that you get to throw a big party or go on a massive shopping spree with this “extra” money. Even if you’re paid on a biweekly schedule, it is possible to create a budget that works for you and your family.īelow are five tips to help you end the madness and keep current with your monthly bill payments: 1. ![]() Remember a budget is essentially a financial roadmap for what you want to do with your money. This seemingly harmless pay schedule can leave many wracking their brains and pulling their hair, wondering why they can’t seem to pay their creditors on time each month.ĭoes this sound familiar to you? How to Juggle Monthly Bills with Biweekly Paychecks Your paydays fluctuate each month, but your creditors always want their money on the same day. Trying to pay your monthly bills with a bi-weekly pay schedule can be challenging.
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