Pay arrives every two weeks. How is it converted into a monthly figure for a spending and saving plan?

1. Converting to a monthly figure means finding the annual total first, then splitting it over the year. 2. Pay every two weeks arrives 26 times in a year. 3. So multiply the biweekly amount by 26 to get the annual amount. 4. Then divide that annual amount by 12 to get the monthly amount. 5. Multiplying by 52 treats the pay as weekly and doubles the annual total. 6. Multiplying by 12 and dividing by 26 inverts the two steps and shrinks the figure. 7. Dividing by 2 and multiplying by 12 treats two weeks as half a month, which ignores the extra pay periods. _Source: FDIC Money Smart for Adults (September 2018), Module 4: Your Spending and Saving Plan, section Table for Calculating Monthly Amounts_