How Do You Like Getting Paid?

[Milkyway!]

As a teacher my mother gets paid monthly, and it sometimes causes financial problems in the past that my mother is not good at staying to a strict budget. I think Slyfox can attest that getting paid monthly takes relatively strict budgeting and a keen sense on what money goes where at all times.

I originally worked at Long John Silvers for 2 years before moving to Arby's. After I matured a lot I realized that budgeting is a very important aspect in life, and that I should start saving now.

Last September at Long John Silver's I set in place a pretty strict budget that has allowed me to save 3,000$ over the course of 7 months while buying a car in full cash money. I find that I prefer a biweekly budget as when unexpected money problems come up I am more capable of handling it due to "fresh" money being at my disposal. It allows me to be more on my toes than per say my mother who only gets paid once a month.

After moving to Arby's I started getting paid weekly. I did not like this in any manner whatsoever. While I was making about 40$ more per two weeks, I found that being paid so often made me more inclined to blow my budget knowing I would be getting paid come next Friday regardless. After 3 weeks of not making my regular savings/strict budget I started keeping my checks uncashed and going back to my biweekly budget. It suits me better.

So, how do you like getting paid?

 

[ScreaminNormanSmiley]

Well

 

[Milkyway!]

Don't we all?

 

[Davi323]

Bi-weekly, definitely. It means ezch month, you have a rent/mortgage check, and you have a bills check. If you time your bills to the middle of the month, you always have money right when you need it. You don't have to budget the entire month at once, and you don't the casual spending habits of someone who gets paid weekly.

 

[George Steele's Barber]

Weekly. I don't want anyone holding money that belongs to me.

 

[Slyfox696]

As a teacher my mother gets paid monthly, and it sometimes causes financial problems in the past that my mother is not good at staying to a strict budget. I think Slyfox can attest that getting paid monthly takes relatively strict budgeting and a keen sense on what money goes where at all times.

There's a lot of truth to that.

However, it's also easier to balance your budget, and it's nice knowing exactly how much you'll be getting each month.

 

[ABMorales787]

I get paid around 200$-300$ bi-weekly. It doesn't always last due to gas, maintainance and a couple of other expenses, though.

 

[Gelgarin]

Promptly. I don't work regular hours, I just submit an invoice whenever I finish a project. The amount of time people keep you waiting around before paying up is mind boggling.

 

[Diet Soda]

In bananas.

 

[Moon Knight]

In cash.

 

[Lowdown]

Weekly. I don't want anyone holding money that belongs to me.

I'm in agreement here. I hate getting paid bi-weekly. Sometimes you never know what may come up during the two week period.

 

[Poop Master Flex]

Bi Weekly definitely and I've probably been paid every type of way imaginable (daily, weekly, monthly, bi-monthly, bi-weekly, ect.). I like it because you immediately know how much you will be getting every 2 weeks so you can easily budget, I make more than enough to live comfortably and since you budget for 2 checks a month its especially nice when you have those 2 months a year where you get 3 checks instead of 2, its almost like a bonus (well outside of your real bonus that is).

So definitely bi-weekly for me.

 

[shattered dreams]

I don't understand why anyone would prefer biweekly over weekly. Then again my preferred answer to this question is enough that it doesn't matter which of these ways you get paid. Seems like it only matters if you have to stay on a strict budget and have almost no savings or credit. I guess that applies to a lot of people in this economic climate though.

 

[Death Before Disco]

Doesn't matter. I follow a budget and stick to it.

 

[Lee]

I get paid monthly and buy everything I need (rent, bills, bus pass) straight off and then I put my food money in a jar knowing it's there.

 

[SD619]

My company pays me monthly (as does any company here that employs you full-time). Its a bit difficult towards the end of the month, but if I spend consciously, it is fine.

 

[George Steele's Barber]

I recommend that everyone saves up 6 to 8 months of expenses. It's hard, it took me about 7 years out of school but now if something comes up I don't have to worry about taking care of it. If I dip in to those savings I do so and then put the money back in when I have it.

 

[SD619]

I recommend that everyone saves up 6 to 8 months of expenses. It's hard, it took me about 7 years out of school but now if something comes up I don't have to worry about taking care of it. If I dip in to those savings I do so and then put the money back in when I have it.

That is a lot easier said than done. Especially for a guy like me who has just started working last month. As you said, it will take years (and hopefully a few pay hikes ) before I can save that much.

 

[Gelgarin]

I would never operate without at least twelve months living expenses stored away someplace. I basically locked a large portion my student loan away as soon as I got it, it's still sitting there for a rainy day.

 

[George Steele's Barber]

That is a lot easier said than done. Especially for a guy like me who has just started working last month. As you said, it will take years (and hopefully a few pay hikes ) before I can save that much.

Totally understand, like I said it took me 7 years. The problem is if you don't start now even with pay raises it gets harder as you get older to start saving. In general expenses grow as you get older. You have student loans and credit cards to pay off, you start to date more, then have to pay for a wedding, you want to buy a home, you have kids, the kids want to go to college, you want to retire.

There is so much shit that comes up in life that starting and getting used to saving as early as possible and putting off the little frills in life is a smart move (unless you have like less than a year to live).

I've been in and out of debt a couple of times and I am finally at a place that I feel somewhat financially stable. It is a really good feeling but I wish I would have started saving more in my twenties.

 

[Барбоса]

As frequently as possible with as little work done as possible

 

[Mr. Artistic guy]

In turnips.

 

[Milkyway!]

I recommend that everyone saves up 6 to 8 months of expenses. It's hard, it took me about 7 years out of school but now if something comes up I don't have to worry about taking care of it. If I dip in to those savings I do so and then put the money back in when I have it.

I currently have 10 months of expenses saved up and in my bank. I, like Gelgarin, plan to save up to 1 full year.

From there I will continue to put in savings but not as strictly as I am currently. As I plan to do some bonds, and possibly go to a money adviser and actually do some investing.

 

[Miko]

Promptly. I don't work regular hours, I just submit an invoice whenever I finish a project. The amount of time people keep you waiting around before paying up is mind boggling.

While I suspect this is the only thing our jobs have in common, I know exactly where you are coming from here, some people (customers and contractors alike) will think nothing of waiting two to three weeks to write a cheque. It seemingly doesnt occur to them that I've already spent two weeks doing a job for them, thereby putting me four or five weeks behind financially and I have a very pressing desire to eat sometime.

I'd love a weekly wage where I wasnt at the mercy of other people all the time.

I recommend that everyone saves up 6 to 8 months of expenses. It's hard, it took me about 7 years out of school but now if something comes up I don't have to worry about taking care of it. If I dip in to those savings I do so and then put the money back in when I have it.

I would never operate without at least twelve months living expenses stored away someplace. I basically locked a large portion my student loan away as soon as I got it, it's still sitting there for a rainy day.

Totally understand, like I said it took me 7 years. The problem is if you don't start now even with pay raises it gets harder as you get older to start saving. In general expenses grow as you get older. You have student loans and credit cards to pay off, you start to date more, then have to pay for a wedding, you want to buy a home, you have kids, the kids want to go to college, you want to retire.

There is so much shit that comes up in life that starting and getting used to saving as early as possible and putting off the little frills in life is a smart move (unless you have like less than a year to live).

I've been in and out of debt a couple of times and I am finally at a place that I feel somewhat financially stable. It is a really good feeling but I wish I would have started saving more in my twenties.

I admire you're ability to do that, I cant, well, more like wont, when times are good I really cant be fucked with saving up, besides I might get hit by a truck tommorow or die in another horrible grizzly way (RIP Milenko btw)
My mind works like, I have money now, there are things for that money to be spent on, some of them are very cool indeed. I considered saving once, my girlfriend at the time suggested I should, so I decided we'd go to Spain instead. I understand that I'll probably die a penniless, toothless old man who's had to sell his house in order to afford to live in a rest home with nurses that wont even bother to clean up my piss, thats if I ever even own a house. But its not like I'll ever earn enough money to be able to accumulate a worthwhile pension anyway.