Posted on Aug 29, 2016
What do you think about switching from a bi-weekly paycheck to a monthly paycheck?
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Regular Army, Active Duty Component Soldier, have the option of being on a bi-weekly pay schedule by default or on a monthly schedule by choice. If you want to be on a monthly schedule, and only be paid on the first of each month, all you need to do is request it through your finance office. However, all Reserve Component Soldiers, both Reserve and National Guard on active duty orders, only have the option of being paid on a bi-weekly pay schedule.
Personally, I prefer a monthly pay schedule, that way you can pay off all your monthly obligations at once, and save what you plan to save and know how much you have to spend on other things for that month. This does require a bit more financial discipline and if you plan serve 20 years and earn a military pension or if your medically retried and earn a pension, your only option for retirement pay, is a monthly pay schedule.
Personally, I prefer a monthly pay schedule, that way you can pay off all your monthly obligations at once, and save what you plan to save and know how much you have to spend on other things for that month. This does require a bit more financial discipline and if you plan serve 20 years and earn a military pension or if your medically retried and earn a pension, your only option for retirement pay, is a monthly pay schedule.
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I am in agreement with MSG Quintero, I like getting paid once a month. I invest my money, pay my bills, and I know ho much I have left each month. I have had it like that since I came in the Army. Definitely makes you more financially disciplined. When I was a PVT, you definitely learned to make a dollar last.
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I used to be paid once a month and it was great. Just set up all your bills for the month to be paid on the 1st and everything leftover is yours to spend. I'd take anything I had remaining on the 31st and put it into savings.
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