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bi-weekly payment option
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one point that i don't see covered in the other answers yet: how does this affect the months that have 5 weeks. do we actually lose two weeks a year? i get paid every two weeks, and pay day is always a friday.  some months, i get paid 3 times - which is always great.  if you live within your means, it's like an extra paycheck.  all other months, i get paid two times.  how many months a year do i get paid 3 times? 2.  it will always be two, because there are 12 months.  if you get paid twice a month, that's 24 pay checks, which is 2 shy of 26 pay checks - what we would expect if we were paid every two weeks.  that means those 2 extra pay checks need to fall somewhere, and they will be on the months where your pay day is hit 5 times.  for example, in 2014, there are 4 months with 5 fridays: jan may aug oct  i got paid the second friday of january, so i only got 2 checks in january.  i will be paid on the first friday of may, which means i will get 3 checks in may.  my other triple-check month this year is october, so of course i am only going to be paid twice in august.
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