new job new pay date

cazsmith99

Hi!
So I started a new job this week. My previous jobs pay date is always the last day of the month meaning I will get paid Friday. All my bills go out on the 1st of each month. Great.My new job however pays on the 20th of each month. Now I want to change everything to the 20th so I know where I am each month.
With this in mind when should I change my D/Ds over? It may sound simple but I can't get my head round it :rotfl: Anyone got any idea?
Thanks

Edi81

When is your first pay from your new job? 20 December? If so then start changing after the 1st December bills have gone out.

cazsmith99

well thats what I thought but I'm not going to get a full months pay on the 20th and my pay covers only th bills with very little extra. So esentially I will be paying twice in one month?

jonnygee2

Start changing them now. Even if you change them now they aren't going to change before Saturday!

mro

cazsmith99 wrote: »

Hi!
So I started a new job this week. My previous jobs pay date is always the last day of the month meaning I will get paid Friday. All my bills go out on the 1st of each month. Great.My new job however pays on the 20th of each month. Now I want to change everything to the 20th so I know where I am each month.
With this in mind when should I change my D/Ds over? It may sound simple but I can't get my head round it :rotfl: Anyone got any idea?
Thanks

Don't bother get on with your life & let DDs look after themselves.

cazsmith99

mro wrote: »

Don't bother get on with your life & let DDs look after themselves.

sage advice :money:
if only that were an option :eek:

cazsmith99

jonnygee2 wrote: »

Start changing them now. Even if you change them now they aren't going to change before Saturday!

This goes back to the concern that I won't get paid quite enough on the 20th to cover the bills

LilElvis

cazsmith99 wrote: »

This goes back to the concern that I won't get paid quite enough on the 20th to cover the bills

Then you need to visit other boards on here to work out how not to live pay cheque to pay cheque. What are you going to do if you're sick and only get paid SSP, lose your job or have an unexpected large expense?

Moving your direct debits makes no sense - you just have the money 10/11 days earlier than is needed to meet the payments. Can you not trust yourself to set that money aside for a whole 10/11 days? If not then set up an account from which all your DDs get paid, transfer over the amount needed to cover them on pay-day so what's left is yours to fritter away as you please.

cazsmith99

LilElvis wrote: »

Then you need to visit other boards on here to work out how not to live pay cheque to pay cheque. What are you going to do if you're sick and only get paid SSP, lose your job or have an unexpected large expense?

Moving your direct debits makes no sense - you just have the money 10/11 days earlier than is needed to meet the payments. Can you not trust yourself to set that money aside for a whole 10/11 days? If not then set up an account from which all your DDs get paid, transfer over the amount needed to cover them on pay-day so what's left is yours to fritter away as you please.

Im pretty sure that visiting other boards won't help as the reason I am in this situation (managing I may add) is because my husband has undergone major heart surgery and several precedures in the last year and funnily enough ESA just doesn't cover what was previously a full time wage. I'm doing the best with what I have. Living month to month isn't ideal but sadly it is what it is and I deal with it. I just wanted some advice

Carrot007

Changing a date can mean a lot of different things.


Some will want an immidiate payment to cover the change.
Some will let it roll over so your first payment will be higher.
Some will just let you move it and, extend the terma as it were.


And some will never move from the first, and some only if you pay extra. (applicable to other dates too).



Without knowing the comapnies and having done this it is hard to say what will occur. I have done this with some comapies but probably differnet ones and not recently.


Also paying the day after you are paid sounds like a recipe for disaster if you need the wage to cover it. I am paid on the 22nd. And while many things go out on the 1st because they have to, any I can choose go out on the 20th. 2 days before payday to somewhat maximize the time money sits it my account.

cazsmith99

Thanks :money:
I struggle managing it as my husbands ESA comes every other tues so not eve a regular date that i can work with. It works ok with money in then money straight out because every fri I get enough tax credits to cover the weekly childcare and my weekly shop...that sort of tides us over untill ESA comes. It is tight but we manage. Just