How To Save Money In One Easy Step

If you’re paid every two weeks, this quick tip is for you.

Psst…come closer. Did you know that if you get paid bi-weekly, for two months out of every year, you’ll receive a third paycheck?

It’s true! Each calendar year has 52 weeks…if you get paid every other week, you’ll be paid 26 times in a year. Most months, you‘ll be paid twice, but for two months out of a year, you’ll receive a third paycheck.

A young couple reviews their paychecks

Those 2 extra paychecks a year could go a long way toward helping you start saving money. Think of it this way…there are a number of expenses, such as, rent, utility bills, and car payments that you pay every single month.

For 10 months, you cover living expenses and other bills with just two paychecks. The other 2 months, you get a third paycheck but no additional expenses. If you weren’t aware of this, you may have been spending your extra paychecks without noticing.

A young woman reviews her monthly take-home pay with a friend

But if you can maintain the same lifestyle for all 12 months, those extra paychecks can go right into savings! To make sure you don’t forget, you can automatically deposit your extra paychecks directly into a savings account. All you need to do is plan ahead.

So when an unexpected expense comes up…or you want to go on that dream vacation…or want to send your kids to college…you will be glad you transferred those two paychecks a year into savings instead of having them disappear and be unaccounted for.

Coworkers discuss their saving strategies

So plan for these extra paychecks, automate, and learn to love the sweet sound of money hitting your bank account!

Banking 101


Enhance Your Social Media Skills: 7 Ways to Use Social Media to Save Money

Procrastinating on social media much? Turn a mindless habit into a money-saving routine.

Read Article

You earned it.
Now earn more with it.

Online savings with no minimum balance.

Start Saving

Discover Bank, Member FDIC

5 Lifestyle Changes That Will Save You Money—And Make You Healthier

Career & Education

Family Finance

How to Throw a Baby Shower On a Budget

With some creativity and help from friends, it's easy to plan a baby shower on a budget that's right for you.

Read Article
7 Resources When Caring for an Elderly Parent

Grow into your future.

Our fixed rate CDs help you save for what's next.

Start Saving
of Deposit

Discover Bank, Member FDIC