Pay Frequency

matt4504

Hey,

Does anyone get paid at times other than once a month? I get paid every two weeks and on one hand I think it's good that I get a regular amount but I find it a bit hard planning to pay my bills etc because some of them are due 13 days after payday etc.

Just wondering if anyone was in the same boat?

Willsnarf1983

budget budget budget!

look around for some threads on this topic as it has been done before but ultimatyl ur gonna have to do a budget and stick to it

Will

CLAPTON

you need to save a float so that the ups and downs of your spending are covered.

Bambam

My son gets paid weekly and although he puts money away to pay his monthly Direct Debits, sometimes the temptation is there to 'borrow' from his stash. :rolleyes:

Headintheclouds_3

Every 4 weeks here...took a while to get used to it after being paid monthly, but with a bit of practice it's do-able, most of the time, thanks to spreadsheets! And I get an 'extra' pay day each year.

Not sure about every 2 weeks, though, but a 'float' for bills sounds like a good idea...and set up a spreadsheet to remind you when they are due. Good luck!

misscutiepie1984

i get paid 4 weekly makes it very hard when it comes to DD's

saubryn

I get tax credits weekly, and income from my business on a monthly and 3 monthly basis - the barest of bare essentials are paid for out of the tax credits, and the business income is used as a buffer to pay for other stuff - we're putting some of it in a savings account to pay off some debts in lump sums too, but there isn't much there yet

CLAPTON

whether you're paid weekly, two weekly, monthly or three times a year (i.e. students) you have to consider the ups and downs of your expenses..no one, absolutely no-one has the same costs each month..car tax, mot, repairs, xmas, presents, holidays etc etc all need to be saved for ...so no difference with how you're paid ..you MUST have a float/emergency fund....its just that simple

yung

I used to get paid weekly when I was working, but since I took retirement I have been paid monthly, as others has said get all your bill on a spread sheet with the date they are due it does help a lot also if you have got Direct Debit try and spread them around

livinginhope

DH get paid weekly now after a few years of monthly pay.We fought for ages to get all the bills to come out on the 1st of the month,now he is weekly paid,I have to really budget hard,if a large bill comes up,like a car repair,the money is in the bank,but it doesn't show in my 'little book',the temptation is strong to go ahead with the repairs but at the end of the month there is not enough to cover the bills.
I would like to spread the bills back over the month again,but companies don't like changing dates and charge for the extra couple of weeks,so I can't afford it.
The key is be strong and budget.