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Getting paid bi-weekly vs bi-monthly?

  • Last Updated:
  • Nov 14th, 2009 4:40 pm
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Sr. Member
Feb 14, 2004
819 posts
50 upvotes
SCARBOROUGH

Getting paid bi-weekly vs bi-monthly?

Hi guys,

can anyone tell me what's the difference of being paid bi-weekly and bi-monthly?

I heard you get 2 less pay check a year for a bi-monthly payroll.
5 replies
Deal Addict
Sep 22, 2007
4599 posts
116 upvotes
Bi-monthly you'll get 24 paychecks in a year, Bi-weekly you'll get 26.
[OP]
Sr. Member
Feb 14, 2004
819 posts
50 upvotes
SCARBOROUGH
spf1971 wrote:
Nov 14th, 2009 9:16 pm
Bi-monthly you'll get 24 paychecks in a year, Bi-weekly you'll get 26.
say if your salary is 45K/year

bi-weekly = 45000/26 and bi-monthly = 45000/24?
Member
User avatar
Dec 1, 2008
395 posts
6 upvotes
spf1971 wrote:
Nov 14th, 2009 9:16 pm
Bi-monthly you'll get 24 paychecks in a year, Bi-weekly you'll get 26.
Actually, bi-monthly he'll be getting 6 paycheques per year.

Unless he meant semi-monthly, then he'll be getting 24 paycheques per year.


And yes, OP your math in your second post is correct.
Newbie
May 31, 2009
97 posts
8 upvotes
pcboy wrote:
Nov 14th, 2009 9:19 pm
say if your salary is 45K/year

bi-weekly = 45000/26 and bi-monthly = 45000/24?
Pretty much, yeah. Like getting on the 1st and 15th of each month versus getting paid every other Friday, for example.
Deal Addict
Sep 22, 2007
4599 posts
116 upvotes
PrettyMao wrote:
Nov 14th, 2009 9:32 pm
Actually, bi-monthly he'll be getting 6 paycheques per year.

Unless he meant semi-monthly, then he'll be getting 24 paycheques per year.


And yes, OP your math in your second post is correct.
As weird as it is, bi-monthly can mean either.

bi⋅month⋅ly   [bahy-muhnth-lee]

–adjective
1. occurring every two months.
2. occurring twice a month; semimonthly.

http://dictionary.reference.com/browse/bi+monthly
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