Biweekly Income HELP!

So, Mint does not allow carryover of income, or the ability to have income budgeted other than monthly. I see a multitude of people who have this same problem. Answers on other questions like this only say "work it out yourself". How do others manage the third paycheck months?I would like to be able to divide it between the other months. 


1 person found this helpful

I guess I will answer my own question.  This is what I have come up with, in case it helps anyone else.  I decided to set my budget using an income of only receiving two paychecks per month, knowing I will have 2 months during the year with an extra paycheck (which I can use for unexpected expenses, savings, vacation, whatever). I have created an "extra paycheck" category that has no budget associated with it, because if it has a budget associated with it, I cannot manipulate the income to cover an expense. During the months where a third paycheck occurs, I annotate it with this category and it shows up in my income section of the budget page, but is not included in the 'budgeted' amount, just the total.  Then, I use that unbudgeted income category, changing it to whatever budgeted expense I want it used for (savings, or other item that may be over budget).  I just keep in mind that I have those two separate months I that I need to include in my yearly totals for pay.  EDITED TO ADD: I use the split category function to accomplish this.

Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to Mint for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: