Who will — and won't — have a three-payday August
Share this @internewscast.com

(NEXSTAR) — On paper, August is another long month, offering more opportunities to soak up the summer sun before fall starts making its appearance. Some people might even receive an extra paycheck this month to facilitate some late-summer enjoyment.

For the last time this year, certain employees who are paid either bi-weekly or weekly will find an extra paycheck in their accounts this August. However, receiving bi-weekly pay doesn’t necessarily mean you’ll be part of this fortunate group.

Here’s what to know.

Who will get an “extra” paycheck in August?

The simplest way to determine if you will receive three (or five, if paid weekly) paychecks this August is to check the date of your most recent paycheck.

If you’re paid every other week and did not receive a check on Friday, you will receive three paychecks next month. For those paid on Fridays, your paydays will fall on August 1, 15, and 29.

Because August 1 falls on Friday, those paid on Thursdays will not, technically, get an extra paycheck next month. Your next triple-payday month will come in 2026.

Meanwhile, those who were just paid on July 24 or 25 will have to wait a bit longer for a three-payday month (more on that in a moment).

If you are paid every Thursday or Friday, you need not check your last pay stub — you’ll get five paychecks in August.

When is my next three-payday month?

If you get paid three times in August, you’ll have to wait until 2026 for the next bonus paycheck month. More specifically, your next triple-payday month will be January. The same is true for those paid on Thursdays.

Those who receive just two paychecks in August will see another three-check month in October. After that, you’ll need to wait until May for a “bonus” paycheck.

Why are there triple-payday months?

Thank the 52-week calendars we use. Because 52 doesn’t evenly spread out across the 12 months of the year, some months have more than four seven-day weeks — like August and October this year.

This means that, in order for you to receive your 26 bi-weekly paychecks, you will receive three paychecks in two months of the year.

This also means the paychecks aren’t really “extra,” and financial experts warn against viewing them as such. Instead, they should be treated as just another part of your income you receive annually.

If you’re on track with your budget, experts say you can use that third paycheck for other financial goals, like paying down debt or contributing to an emergency fund. If you’re off track, you can use the funds to catch up, they suggest.

Share this @internewscast.com
You May Also Like

Trump Commutes Sentence of David Gentile: Former Private Equity Executive Gains Freedom

HALLANDALE BEACH, Fla. – In a notable move, President Donald Trump has…

Spectacular Christmas Light Shows Illuminate Johnson City & Gray: A Festive Must-See!

JOHNSON CITY, Tenn. (WJHL) — The holiday season is officially lighting up…

Unwrapping Joy: How Acts of Kindness Boost Wellbeing During the Holidays and Year-Round

WASHINGTON – As the holiday season approaches, it’s not only a time…

Cyber Monday 2023 Poised for Record-Breaking Sales Amid Economic Challenges

NEW YORK – As the holiday shopping frenzy reaches its climax on…

West Virginia High School Honors Beloved National Guard Member Known for Selflessness

Over the weekend, a community gathered at a high school in West…

Port Orange Motorbike Crash Leaves Rider with Severe Injuries, Police Report

PORT ORANGE, Fla. – A serious collision on Sunday afternoon sent a…

Trump’s Pardon Pledge Could Change Fate of Honduras’ Former Leader in Prison

TEGUCIGALPA – Juan Orlando Hernández, the former leader of Honduras, once a…

Orlando International Airport Sees Unexpectedly Smooth Travel Experience for Passengers

ORLANDO, Fla. – On Sunday, Orlando International Airport buzzed with activity as…

Exciting Rivalry Week Showdowns Could Shake Up AP Top 25 Rankings

The closing week of the college football regular season saw traditional rivals…

Vanderbilt Quarterback’s Sibling Detained in Knoxville Amidst Game

In Knoxville, Tennessee, a notable incident occurred at Neyland Stadium over the…

Community Concerns Grow as National Guard Attack Suspect Battled ‘Dark Isolation

The Afghan national accused of the recent shooting of two National Guard…

Honduras Prepares for Tight Presidential Race Amid Unexpected Trump Influence

TEGUCIGALPA – As Honduras approaches its presidential election this Sunday, the nation…