How often do you get paid? And your preferences?

[kimber45]

DH and I both get paid every two weeks so we have a paycheck coming in every Friday. When I worked for a construction company, I got paid weekly.

I like to weekly thing. I don't know if I could handle only getting paid once a month. Not that we live paycheck to paycheck, but it would take some getting used to.

[michelyn8]

I like to weekly thing. I don't know if I could handle only getting paid once a month. Not that we live paycheck to paycheck, but it would take some getting used to.

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I think the "trick" to handling a monthly paycheck is to go into that situation with either a spouse/SO paid more than once within the month or to have at least a month's salary already saved up to cover you during that first month. Although, I suppose you could live off credit cards if you had to that first month.

For me it didn't work because I went into that job flat broke and living paycheck to paycheck. When I got paid, there were bills from the prior month to pay and bills in the upcoming month to be paid. I just could never seem to catch up and was always having to borrow from my Mom by mid-month for daycare - meaning when I got paid, she got paid for rent, utilities and anything I had borrowed so check was gone before I started and the cycle repeated itself. on the rare occasion I did have a little extra, something would go wrong and there went my little bit of savings. I definately don't miss those days. I really like being able to pay my bills and still have money left over when the next check comes in.

[runewell]

I get paid every 2 weeks, but my preference is daily.

[teen persuasion]

Feb 15, 2011 18:58:49 GMT -5 @southernsusana said:

DH and I both get paid bi-weekly, same week. However, DH only gets 21 paychecks per year; he doesn't get a paycheck during the 10 weeks of summer.

I definitely preferred it when he was paid bi-weekly year round. Now I have to set aside a chunk of every paycheck to cover the summer.

Just curious, tweens-teens-and-a-tot . . . does your husband work for a school system? People always think we get paid 12 months a year but only work 9. The truth is that we give the school system an interest free loan for 10 months (summer "vacation" is shorter than people think) and then get our own money back in summer.

Some school systems pay over 9 or 10 months.

DH is a teacher, but not in a school system (so no pension). He works in the school for a private agency that handles "troubled youth". Some are residents, some are day students that are bussed in daily by their home districts.

Teachers in the agency are in weird gray area as employees. They are salaried, but considered to be full time at 35 hours per week, 21 bi-weekly pay periods per year. Aides are hourly, based on whatever they work. Other staff are 40 hours/ week, year-round.

Previously, teachers were paid 26 times a year (same total, less per check). I think the agency changed it because it wasn't clear whether the summer weeks were leading or trailing paychecks - specifically, should teachers hired mid-school year get summer paychecks, too? What if they were hired in June? Do they get some sort of pro-rated summer paychecks? What if they collect paychecks all summer and then take a job at a "real" district school in September?

Now, the agency fiscal year officially starts July 1. So health insurance and other benefits take effect then, but since there are no paychecks until mid-September, withholdings can't be made until then. Funding the HSA is confusing because of the fiscal vs calendar year thing. And a weird glitch in the school calendar over the past few years had the actual school calendar running more than 42 weeks (early Labor Day, late June Regents exams), so that the last week of school had no paycheck to correspond.

[sapphire12]

I get paid bi-weekly.
I've worked part-time jobs where I got paid every week and another where I got paid every other week, but it was opposite of my full-time check, so I was paid every week. I don't know that I have a preference since I have money left in my accts when pay day rolls around.

[garion2003]

Monthly, and that's how I prefer it. The funds are deposited on the last day of the month, and my credit card bill (used for a lot of routine expenses) is due around the 7th to that works out well.

I've been doing monthly for 10 years ,but before that my first job (right out of college) was biweekly so going monthly was a tough task. it took a few years to realize I needed a budget.

[DebMD (banned)]

Feb 20, 2011 16:41:58 GMT -5 garion2003 said:

Monthly, and that's how I prefer it. The funds are deposited on the last day of the month, and my credit card bill (used for a lot of routine expenses) is due around the 7th to that works out well.

I've been doing monthly for 10 years ,but before that my first job (right out of college) was biweekly so going monthly was a tough task. it took a few years to realize I needed a budget.

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[Deleted]

I haven't been paid weekly since I was in my early 20's; all my jobs had been part time. I got my first full-time job at 24 I think, and it paid bi-weekly. My next (and current) job, I got at 26 and it pays bi-weekly also.

It's been so long, of course I've gotten use to being paid bi-weekly, but I think I'd like being paid weekly. Or daily, as someone else mentioned. LOL I don't think I'd like being paid once a month. It seems like it would require more discipline than I currently have. But if it happened like that, I'd just have to deal with it. I'm sure getting paid monthly is easier if you start out ahead of your bills.

Logically, I know it's the same amount of money overall, no matter when you get it. Unfortunately, logic doesn't always make much sense in my world. LOL

[DebMD (banned)]

Feb 19, 2011 21:43:49 GMT -5 sapphire12 said:

I get paid bi-weekly.
I've worked part-time jobs where I got paid every week and another where I got paid every other week, but it was opposite of my full-time check, so I was paid every week. I don't know that I have a preference since I have money left in my accts when pay day rolls around.

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