Pay Schedule Preferences

**dinah** · 08-04-2011, 11:39 AM

i've had jobs where i've been paid monthly, daily (substituting at a daycare), bi-weekly, and bi-monthly.

i prefer bi-weekly because that way you can have your mortgage payments come out right after you get paid and do the accelerated bi-weekly schedule and save money. also the extra cheque's in a 3 cheque month are nice.

right now dh and i get paid bi-weekly on alternate weeks so we have money coming in every week. it's nice.

**Telephus44** · 08-04-2011, 01:44 PM

I've had monthly, weekly, and bi-weekly. I prefer monthly. I think that weekly is the worst. Right now both DH and I are bi-monthly on the same week.

**mndtrp** · 08-04-2011, 01:49 PM

Both my wife and I get paid every other week. However, she gets paid the weeks I don't, so it seems like we get paid every week.

**Ssindi** · 08-04-2011, 02:02 PM

For 25yrs I've had the 15th and 30th as paydays unless they were non-work days. I had my bill money and savings direct deposited. The money left in my check was for gas,groceries,hair,nails,etc. I didn't have a debit card so on the chance I ran out of money,I was able to bum some $$ from DH who has always been paid weekly.
Right now I have to figure out a new system. I just retired and SS and pension come in the same week. I got a debit card a few months ago so tried taking funds out on the 15th and 30th and it hasn't worked out yet.

**Bethany89** · 08-05-2011, 01:16 AM

If I could pick, it would be every two weeks. SO is paid weekly and I hate it. I makes the pays smaller and its more work because I have to budget every week and go through bills every week.

**bmd1011** · 08-05-2011, 10:21 AM

Every 2 weeks at my full time job, and every Tuesday at my part time job. The check at the part time job isn't much though, and usually goes into my gas tank.

I'm okay with the every 2 weeks, just wish it were set days (15th & 30th for example) instead of Fridays where the date changes each month.

**forHISglory** · 08-05-2011, 10:27 AM

Ssindi: Congrats on the retirement! Yes, it is a new game to get used to. My husband's pension check comes the week before my Social Security Check. We began taking a monthly income stream from our savings, which is deposited the week after SS. I still prefer monthly (all at once), and this is monthly, but spread out over 3 weeks. But we had no say in when to take the pension and SS. So far, it's working OK, but we had to get used to a different system.

**dcompton** · 08-05-2011, 10:53 AM

I've nearly always been paid monthly, and love it. It is totally simple.

Bills are the same, or within pennies of standard amounts, and are paid at the beginning of the month or can be calculated in the cash flow and the money is sitting there waiting for the auto draft. I use almost no cash, maybe $5-10 a month. I put everything on two CCs. The billing cycle on one closes on the 1st, the other on the 3rd (want to change that to the 1st). So when I get my check, I know what those will be and I pay them off as soon as they close. By the 3rd of the month, everything is set and I don't have to think about it again until they next month.

I just budget XX amount for expenses, without itemizing by categories, so that's pretty much a no brainer too. I just have to watch the totals on the CCs through the month.

**Beejay** · 08-06-2011, 03:40 PM

Before I retired, I thought a weekly paycheck was the best, but now I really like getting my money on the 1st of the month, EVERY, month. By the time my pension hits my bank account, I have already figured my budget for the whole month. If I have already gotten a bill statement for that month, I go ahead and pay it during the first week, even if it isn't due until later in the month. I estimate the other payments that will come due and write them down in the budget so that the money is already allocated. NOT AVAILABLE FOR OTHER THINGS !! I deduct the total of bills due from my monthly income, which unfortunately never changes, then what is left, I divide by 4 weeks, so that I won't run out of money before I run out of month ! LOL. This may all sound so organized, but I have learned the hard way how to be more organized and frugal with my finances.
If I had been this way before I retired, I would not be soooo deep in
DEBT DOODOO !!!! I need a LOT of prayer! And NO, I will not post anything definitive about my financial situation. LOL !! I am still too ashamed of what I have done to myself. But, I am working on it.