A budget template designed for people who get paid every two weeks. Splits expenses across two pay periods, handles the two extra paychecks per year, and ensures bills are covered regardless of which paycheck they fall near.
This spreadsheet includes 4 sections covering everything you need.
Bills and expenses assigned to the first paycheck of the month.
| Expense | Amount | Due Date | Paid? | Notes |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
Bills and expenses assigned to the second paycheck of the month.
| Expense | Amount | Due Date | Paid? | Notes |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
How to allocate the two extra paychecks per year (months with 3 pay periods).
| Destination | Amount | Priority |
|---|---|---|
| --- | --- | --- |
| --- | --- | --- |
Track your account balance after each paycheck and expense payment.
| Date | Description | Income | Expense | Balance |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
Follow these steps to get the most out of this template.
List all your monthly bills and their due dates.
Assign each bill to the paycheck that falls closest before its due date.
Split variable expenses (groceries, gas) roughly evenly across both paychecks.
For months with three paychecks, direct the extra paycheck entirely to savings or debt.
Track your running balance after each paycheck to ensure you never overdraft.
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.
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.
With biweekly pay you receive 26 paychecks per year. Most months have 2 paychecks, but 2 months each year will have 3. Those extra paychecks are a great opportunity to boost savings or pay down debt.
Build a one-paycheck buffer in your checking account. This means saving up one full paycheck worth of expenses so that timing no longer matters. Until then, assign early-month bills to the prior month's second paycheck.
Per paycheck is more practical for biweekly earners. It prevents the situation where you spend too much after the first paycheck and cannot cover bills due after the second.
Other templates you might find useful.
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Clarity connects to your financial accounts and automates what this template does manually. Real-time data, zero data entry, and AI-powered insights.