Templates · Budgeting
Free Biweekly Budget Template
Built for people who get paid every two weeks. This template splits your expenses across two pay periods, handles those two bonus paychecks you get each year, and makes sure your bills are covered no matter which paycheck they fall near.
- Budgeting
- Spreadsheet
- Free template
What's included
This spreadsheet includes 4 sections covering everything you need.
Paycheck 1 Allocation
Bills and expenses you are covering with your first paycheck of the month.
| Expense | Amount | Due Date | Paid? | Notes |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
Paycheck 2 Allocation
Bills and expenses you are covering with your second paycheck.
| Expense | Amount | Due Date | Paid? | Notes |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
Extra Paycheck Plan
Your game plan for the two extra paychecks you get each year (months with 3 pay periods).
| Destination | Amount | Priority |
|---|---|---|
| --- | --- | --- |
| --- | --- | --- |
Running Balance
Keep tabs on your account balance after each paycheck and bill payment.
| Date | Description | Income | Expense | Balance |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
How to use this template
Follow these steps to get the most out of this template.
- 1
List all your monthly bills along with their due dates.
- 2
Assign each bill to whichever paycheck lands right before it is due.
- 3
Split variable costs like groceries and gas roughly evenly between both paychecks.
- 4
In months where you get three paychecks, send that bonus paycheck straight to savings or debt.
- 5
Track your running balance after each paycheck so you never risk overdrafting.
Who this template is for
Employees paid on a biweekly (every two weeks) schedule.
People who struggle with monthly budgets because their pay dates shift each month.
Anyone who wants to strategically use their two bonus paychecks per year.
Why use Clarity instead?
This template is great for manual tracking, but Clarity automates everything for you. Connect your bank accounts, brokerages, exchanges, and wallets and see real-time data without entering a single number.
- Automatic transaction imports from 12,000+ institutions
- Real-time portfolio values and net worth tracking
- AI-powered spending insights and budget recommendations
- Tax-ready reports with automatic cost basis calculations
- One dashboard for banks, brokerages, crypto, and DeFi
Frequently Asked Questions
How many paychecks do I get per year with biweekly pay?
You get 26 paychecks a year. Most months have 2, but 2 months each year will have 3. Those extra paychecks are a great chance to boost savings or knock out some debt.
How do I handle bills that are due before my first paycheck?
Build a one-paycheck buffer in your checking account. That means saving up one full paycheck so timing stops mattering. Until you get there, assign early-month bills to the previous month's second paycheck.
Should I budget monthly or per paycheck?
Per paycheck is way more practical when you are paid biweekly. It keeps you from blowing through too much after paycheck one and scrambling to cover bills after paycheck two.
Related templates
Other templates you might find useful.
Monthly Budget Template
A simple monthly budget spreadsheet that helps you see where your money actually goes. Track your income, fixed bills, everyday spending, and savings all in one place. You get automatic totals and a column that shows how your spending stacks up against your plan.
BudgetingZero-Based Budget Template
Give every dollar a job. With this zero-based budget, you assign your entire income to specific categories so that income minus all spending and saving equals exactly zero. Nothing slips through the cracks. Comes with pre-filled categories and a reconciliation section.
BudgetingHousehold Budget Template
A budget built for two (or more). Whether you are a couple or a family, this template tracks multiple incomes, shared expenses, personal spending allowances, and household savings goals — all in one place.
Ready to go beyond spreadsheets?
Clarity connects to your financial accounts and automates what this template does manually. Real-time data, zero data entry, and AI-powered insights.