If you get paid every two weeks, calculating your monthly income can be tricky. You can fake it by just adding the two paychecks together, but you short yourself a couple of paychecks by doing that. That difference can be the difference between qualifying or not qualifying for a loan or a lease. So here’s how to calculate monthly income from biweekly paycheck.
Getting the math right on this is important. Adding two paychecks together is fine for a quick estimate, but it’s very easy to under-state your monthly income by 28 percent by making two simple mistakes. As you can imagine, that 28 percent can be more than enough to keep you from getting the loan or the lease you want. To do the math right, make sure you have your pay stub or pay statement handy, not just your bank statement.

David Farquhar is a computer security professional, entrepreneur, and author. He has written professionally about computers since 1991, so he was writing about retro computers when they were still new. He has been working in IT professionally since 1994 and has specialized in vulnerability management since 2013. He holds Security+ and CISSP certifications. Today he blogs five times a week, mostly about retro computers and retro gaming covering the time period from 1975 to 2000.










