Happy Triple Paycheck Month!

From all of us at FAANG FIRE, we wanted to wish you and your loved ones a heartfelt Happy Triple Paycheck Month.

May your 401k contributions be blessed and your excess cashflow be allocated appropriately towards your goals.

No idea what I’m talking about?

A bi-weekly pay schedule results in 26 pay periods per year. This means that there are typically 2 months per year where a FAANG employee will receive 3 paychecks! Since humans are creatures of habit, we tend to mentally budget based on two paychecks per month. So the “Triple Paycheck Months” can sometimes make it easier to save those “extra” paychecks.

If you get paid bi-weekly but don’t have a triple paycheck month this month, your special month will be October.

Not all FAANG! Looking at you, Amazon. Washington based Amazon employees don’t get to celebrate. With their monthly pay schedule, triple paycheck months don’t exist.

I remember triple paycheck months fondly. I now celebrate vicariously through others. All my household has are the boring and predictable Uber paychecks on the 15th and last day of the month.

Does it actually change anything?

No, not actually. You will still have the same annual comp. Although, there is the occasional year where there are 27 pay periods in a calendar year! How your payroll provider deals with that can vary. When it happened while I was at Meta, we simply received one more paycheck that year, granting everyone a one-time 3.8% raise that they probably didn’t even notice. I noticed! Thank you, payroll person who decided that.

More Next Week

According to my trusty painter’s tape, all of FAANG has now had their earnings. I’ll have more to say next week, but I think I can hold off on any more wash sale + RSU posts for a few months.

I also want to remind everyone of all the RSU resources that are available on FAANG FIRE:

Still have RSU questions? Ask away!