Calculating Your Monthly Income

If you get paid once a month, it's easy. Your take-home pay is the amount of money you get from your paycheck after withholdings. If you get paid more than once a month, you'll need to do some math.

• For weekly checks, multiply by 4.333
• For biweekly checks, multiply by 2.167
• For semi-monthly checks, multiply by 2
• For irregular annual income, divide by 12

A point to remember here is that you are likely to be paid twice a month. This means you must hold enough cash from the payment in the middle of the month to cover all of the bills that will be due at the end of the month. It is a common mistake to feel very well-off during the last part of the money and very poor during the beginning of the month when all the bills are due.