9 over 9 or 9 over 12?

[breatheinthedeepbluesea]

Hi folks, first time poster so go easy on me. I work a 9 month teaching position and until now have gotten my salary split over 12 months. Should I go ahead and get my salary over 9 months instead and sock the "extra" each month into a hysa? I'm good at budgeting so spending it before the summer months isn't likely to happen. Has this setup worked to anyone's favor? Thanks!

 

[rbh]

@breatheinthedeepbluesea What gets you more money, sooner? That's the answer, especially if you're good at budgeting.

 

[vanessajones23]

@breatheinthedeepbluesea If it won't cause you to spend more during the school year it's kind of a no brainer?

 

[mosfet]

@breatheinthedeepbluesea My spouse is a teacher. Over the years we have done both.

If you can handle the budgeting, no reason not to do 9 over 9 though the interest probably isn't going to be life changing

 

[jazz555]

@breatheinthedeepbluesea Be sure to find out what they do about your benefits/pretax. If we do 9 months- they the 3 months of summer benefits/pretax out of last paycheck which comes with its own disadvantages.