Getting paid monthly is the worst!

Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

iGas

Diamond Member
Feb 7, 2009
6,240
1
0
I use to have government contracts and they have the 90 days pay grace policy, hence they would only write the check on the 90th day to send to me after I complete the contract.

Count your blessing that you get pay after 30 days. Others may not get their money at all or take years in court to get their money after a company file for bankruptcy.
 
Last edited:

Lonyo

Lifer
Aug 10, 2002
21,938
6
81
My only problem with getting paid monthly was having to wait a month for my first pay, after that it's fine.
 

child of wonder

Diamond Member
Aug 31, 2006
8,307
176
106
My paychecks are twice a month. I like not having to budget on a 2 week basis and then having a "3 paycheck" month twice a year. I'd rather just get paid on the same days each month and I can easily budget what bills come out of what check.
 

olds

Elite Member
Mar 3, 2000
50,124
779
126
I don't mind it, I kind of prefer it.

When I got out of the Army, I had two jobs. One paid every other Friday and one paid every Friday. So I got 1 or 2 paycheck every Friday. Neither was for a lot of money but it was nice.
 

Nebor

Lifer
Jun 24, 2003
29,582
12
76
The only reason I keep track of when I get paid is so that I can avoid the commissary\PX on and about paydays. They turn into circuses due to peoples' poor ability to budget.
 

Jumpem

Lifer
Sep 21, 2000
10,757
3
81
My paychecks are twice a month. I like not having to budget on a 2 week basis and then having a "3 paycheck" month twice a year. I'd rather just get paid on the same days each month and I can easily budget what bills come out of what check.

This. I would rather get paid on the 1st and 15th.
 

paperfist

Diamond Member
Nov 30, 2000
6,539
287
126
www.the-teh.com
I use to have government contracts and they have the 90 days pay grace policy, hence they would only write the check on the 90th day to send to me after I complete the contract.

Count your blessing that you get pay after 30 days. Others may not get their money at all or take years in court to get their money after a company file for bankruptcy.

I get paid every thirty, but most of the time with my customers it ends up being 90 days. You really learn to start saving money this way.
 

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
This too. I have to budget 4.333 of my paychecks per month and 2.166 for my wife.

I budgeted our expenses on 2 paychecks per month. Every 6 months when we have a 3 paycheck month we put that towards something fun.
 

boomhower

Diamond Member
Sep 13, 2007
7,228
19
81
Mines biweekle and I like it that way. Monthly wouldn't be a big deal though.
 

olds

Elite Member
Mar 3, 2000
50,124
779
126
Mines biweekle and I like it that way. Monthly wouldn't be a big deal though.
I think you meant Bullwinkle.

moose2.gif
 

Demo24

Diamond Member
Aug 5, 2004
8,356
9
81
I've always been paid monthly, apart from some contract work that I was paid for when I completed the job. Never had a problem with it really. Bills come every month, pay those, save some (if possible), and use the rest accordingly.
 

AMCRambler

Diamond Member
Jan 23, 2001
7,715
31
91
I can't see how this is any harder than getting paid bi-weekly, unless you live pay check to pay check. I think Id have to try hard to spend more then I make in a month. I don't buy a lot of crap though..
 

Nebor

Lifer
Jun 24, 2003
29,582
12
76
I can't see how this is any harder than getting paid bi-weekly, unless you live pay check to pay check. I think Id have to try hard to spend more then I make in a month. I don't buy a lot of crap though..

Agreed. My monthly living expenses equate to less than 10% of my income. I don't really see any difference between getting paid once or twice a month.
 

Ms. DICKINSON

Golden Member
May 17, 2010
1,221
1
81
bit.ly
Sucks to be the 99%. My old job paid monthly. I usually cash the checks at one time when I collected 2 or 3 of them, right before the 90 days expiration. Sometimes I lost a check and had to have them re-issue me another. I have nothing to buy so they just sit in the bank.
Now the new job pays weekly and I signed up for direct deposit. I rarely monitor my direct deposits against pay stubs. I'd assume the HR dept don't short change me.
 

TallBill

Lifer
Apr 29, 2001
46,017
62
91
I earn cash 4 times a week... Friday/Saturday is usually my big payday but not always.

But my income is typically 2x of my bare minimum living expense so that leaves a lot of room for hookers and blow.
 

zCypher

Diamond Member
Aug 18, 2002
6,115
171
116
I used to care about that, hated being paid every two weeks instead of weekly. Then I realized this, it's the same fucking amount of money either way. I realized I just sucked at managing my money. Since that realization things have improved! I no longer mind being paid every two weeks, since I never spend all of my money and know my expenses are always covered.

Whether you're paid weekly, every two weeks, every month or whatever... Why should that change how much you spend on your necessities and leisure?