Can anyone advise re:husbands wage change

teabag29

Basically my husband has found a job closer to home which is more suitable for him. He will be starting in 2 weeks. The problem is he is currently on a weekly wage but his new job will be a monthly wage and therefore we are concerned how we are going to manage until he gets his first monthly wage if that makes sense.

We are classed as a low earning family. I am a sahm with our toddler and he earns £19000 a year. We dont have any savings at the minute to fall back on and manage the bills with a small amount left over each week, we certainly dont have enough to manage a month. All we will have while we wait for his 1st wage is child benefit and tax credits but that will not cover much. Any advice?

FATBALLZ

Rearrange the days your bills come out for the day after he gets paid in his new job. And spend less money.

mirrorimage0

definatly as above, my husband was made redundant and his new job is monthly paid, it has taken us seversal months to adjust and cutting out things which arent neccasery like some of the childrens clubs and adjusting the food shopping , but what i fount really helpful was using a credit for purchases during the month and paying it off as soon as we get paid (we are both paid on the same day of the month. its actually been quite fun (FOR US IF NOT THE KIDS LOL) to see how little we can spend each month.

good luck

Tropez

I have worked for employers who have been willing to sub a weeks wages to new workers to make the gelling in time go a little easier. It is worth bearing in mind that these wages will be subject to a little more tax but perhaps it might be worth asking the employer if they would be willing to do this?

As said above, rearrange your billing dates as well.

teabag29

does anyone know (as he doesnt know the full details until next week on his induction) will he have to do a month in hand and therefore we have to wait 2 mths for his 1st pay packet?
Also this years tax credits were based on last years earnings but this job is approx £35 a week less than his previous job so can tax credits take this into account this year or will we still be paid the same based on last years income even though we wont earn the same this year?

FATBALLZ

I've never had a job that didn't pay in arrears, so yes most likely he will have to work for a month before getting paid. Having said that my last job paid about 2/3 of the way through the month, so you worked about 3 weeks before getting paid for the full month. If you ring tax credits and give them an estimate of this years income they should be able to adjust your payment accordingly.

pigpen

I found it easier to have all our bills on bill payments so I could control when they were paid

KH would be paid the last working day of the month so when his wages went in I paid everything through the bank and did a tesco shop for delivery in the next day or so and what was left went on clothes/house/other stuff.

It did mean stuff like the mortgage was pad 3 weeks early.. but better early than late!

I cancelled all direct debits as I never had money the days they came out.

Spendless

Is he currently paid weekly in arrears? If so, then will he get his last weeks wage a week into his new monthly job, or he might get them on his last payday. Also has he accrued any holidays that he hasn't taken? If so then this would also be paid with his leaving wage.

As for his new employer it depends on when their pay date is and when payroll do it. 20 years ago I once went from a weekly wage to monthly starting 20 March but payday was last working day of month and cos he'd 'missed' the deadline we didn't get wages till 30th April! :eek: Thankfully I was young and single and live with parent.

paddedjohn

Tropez wrote: »

I have worked for employers who have been willing to sub a weeks wages to new workers to make the gelling in time go a little easier. It is worth bearing in mind that these wages will be subject to a little more tax but perhaps it might be worth asking the employer if they would be willing to do this?

As said above, rearrange your billing dates as well.

Why would he pay more tax?

ema_o

You could contact the people you will pay bills to and see if they will accept a later / reduced payment this month, often places are understanding if you normally pay on time (found this out as I contacted a few before going on maternity leave!).

Cut back any way you can and live as cheaply as possible this month, if you can start now and put anything aside from his wages for the next couple of weeks, even if it is only a tiny bit this will all help. Check out the other boards - old style and debt free spring to mind - and see if anyone can suggest where to cut back!