Wage

[simon]

Hello all

Just wonder about this.

If a employer payes the staff every 4 weeks, the staff are paid 13 times each year.

One month every year the staff get a wage at the start of that month and again at the end of that month which makes 13 times a year wage.

Does this mean that the staff will have a full wage to them self where nothing comes out of it for bills... as bills are once a month 12 times a year....

Gavin83

It depends on how you organise yourself. As an example I get paid monthly and my fiance gets paid 4 weekly. She pays the same as me for bills out of 12 of her payments and the 13th packet is hers without any bills to worry about. However you could also take your yearly bill amount, divide it by 13 and pay that amount in. Harder to organise when bills go up though....

Savvy_Sue

[simon] wrote: »

Does this mean that the staff will have a full wage to them self where nothing comes out of it for bills... as bills are once a month 12 times a year....

It won't be that simple unless all bills go out on the same day of the month - which mine don't!

Xbigman

I'm paid 4 weekly and I've always preferred to spread my bills across the month so that every few months I have something I don't have to pay.
What is more complicated is that I never carry cash but put everything through a credit card and pay it off the following month. Which is of course 12 times a year. I simply treat the credit card bill as just another bill and I have a free month on that as well.

Then there is the issue that 13 times 28 is 364, whilst there are 365.25 days in a year. My employers used to have a 53rd week roughly every 5 years (it depends on leap years) as an odd weeks pay but this year decided to abandon that and I got paid 14 times. Hello £160 tax bill. :mad:



Darren

Bogof_Babe

The state pension is paid every four weeks (or weekly if you ask for that when you first claim it). You soon get to know how much you need to keep available for when the bills are due.