3148: What to Do with That Extra Third Paycheck by Kumiko of The Budget Mom on Intentional Spending

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 19 May 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3148: Kumiko Love shares a strategic guide to making the most of an extra paycheck - a financial opportunity that comes just a few times a year for bi-weekly earners. By prioritizing intentionality over impulse, she outlines how to align this bonus income with your money goals, whether it’s crushing debt, boosting savings, or planning guilt-free fun. Read along with the original article(s) here: https://www.thebudgetmom.com/what-to-do-with-that-third-paycheck/ Quotes to ponder: "That third paycheck is not free money. It’s your money - and your plan for it matters." "You don’t have to spend every dime to enjoy your life." "Decide what’s most important to you and make a plan before the money hits your account." Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:00.8	This is Optimal Finance Daily.
1:03.6	What to do with that extra third paycheck by Camico of thebudgetmom.com.
1:10.7	Depending on your pay schedule, you might find yourself with an
1:14.4	extra paycheck this month. It doesn't matter if it's an extra paycheck, a bonus, an inheritance,
1:20.3	or a surprise cash gift from your parents. You need to have a plan in place for any extra
1:26.4	money that you receive.
1:28.3	Without a plan, your money can quickly disappear, and you'll be left wondering where it all went.
1:34.5	Every time I look at someone's finances, one of the first things I look at is not only how much they get paid, but how they're paid.
1:42.3	How someone is paid, biweekly, weekly, monthly, is extremely important
1:47.4	because it can have a massive effect on your savings, your budget, paying off debt, and building
1:52.9	wealth. So let's talk about this extra third paycheck. Why is there a third paycheck? If you're paid every other week or a bi-weekly schedule,
2:04.6	you'll receive two paychecks every month, except for the two months of the year when you'll get
	...

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