Working out monthly wage from weekly

melly84

Hello, another question from me!
I get paid weekly but it differs each week, for an example this is a run down of the last 5 weeks

£58.65 (had to have 2 days off with the baby)
£72.55 (ssp)
£139.48
£139.23
£123.15

So as you can see they have differed a bit except for 2 weeks, i have 18 weeks worth of payslips and they are ALL different.
I'm doing my budget and have no idea what to put down as my monthly wage as the weekly wage changes all the time

hypno06

You can either add up all 18 weeks, then divide the total by 18 and it gives you an average figure for a week, which you then times by 52 and divide by 12 to get an average wage.

Or you take the lowest as being the worst case scenario, and use that, so 52 x lowest figure then divide by 12 to get a worst case scenario monthly figure.

hope that helps!

vyvyan_2

Do you know your hourly rate? Have a play around on this site:

http://www.thesalarycalculator.co.uk/hourly.php

melly84

Thannks, i'll work out both and see how i get on.

melly84

Well now i work 16 hours a week so anything above that is overtime i guess, so i reckon it wuld be best to just do it based on 16 hours then