Also USA and same exact firsthand experience. My dad worked for the government and got paid monthly when I was growing up, but every job I’ve had has been one of the 3 you listed.
Interesting. Every job I’ve ever had paid biweekly as well. I’m in the USA. Sometimes even enormous hoops were jumped through in order to provide it on that schedule.
It also varies by profession and/or position in some countries. Managers and “professionals” on higher salaries will often be paid monthly, whereas “ordinary” employees would usually get paid weekly or bi-weekly. Personally, I think it’s a tacit acknowledgement that it’s much harder to budget for a whole month on lower rates of pay.
I guess the thought was it’d be much harder for low paid workers to live for 4 weeks on savings, before their first paycheck came in. But yeah, I get your point.
The bills are once a month but the specific due date for each can varry. For us some of our bills are due at the beginning of the month and some are due towards the end, but most are at the beginning.
Not really. Because my monthly bills don’t come at the same time each month. It would probably be harder to coordinate bills if you’re paid monthly here anyway. Makes more sense to have a steady cash flow imo. Imagine living paycheck to paycheck and your bill is due on the 28th, but you don’t get paid until the 1st. Some people might run out of money before their bill is due and they don’t get their next paycheck yet.
I pay most of my bills with my end of the month paycheck and the middle of the month paycheck is for necessities/savings/fun stuff. Mostly necessities/savings though.
Some places pay you twice a month. On the 15th of the month and on the last day of the month. The benefits being that it’s easy to understand, easier on payroll and aligns with most business cycles and for employees is easier to plan your expenses. Cons being that it’s good for salaried employees and bad for hourly employees.
What about the first month? If you’ve got a buffer in the bank, it doesn’t matter much. But if you were living paycheck to paycheck, those 2-3 weeks might be enough to really set you back
Have you heard of interest, and investments? Not to mention you don’t get paid until the end of your first month, which could be particularly bad for people who were unemployed prior to getting the job.
Have the money on-hand earlier makes a huge difference.
No no, I am perfectly capable and have many months worth of expenses saved, thanks. Just that there are perfectly good reasons to prefer a higher frequency.
I still prefer higher frequency, because it means I earn more interest, and can invest money earlier, also. And yes, also (not me, but others) people might have been unemployed prior to getting work, and waiting a month to get your first payment would be quite challenging.
You’re giving off “everyone other than me is stupid” vibes, in which case this rule definitely applies:
If you think everyone else is an arsehole, it’s probably you who are the arsehole.
Not sure why your preference for monthly payments means there must be no other valid reasons for people do have a different opinion… Jesus.
What’s a middle of the month paycheck? Are some people getting paid twice a month?
Every job I’ve had paid every other week.
I’ve only heard of jobs paying monthly or weekly here in the UK.
1st and 15th is common. Every Friday is common. Every other Friday is common too.
^ my experience the past 4 decades in the USA.
I’ve never had monthly but that would be dope.
I absolutely hate being paid monthly. The last week to two weeks is brutal especially when you’re getting paid paycheck to paycheck.
I’d say being paid every other week is best.
Most jobs here pay at the end of the month or the last Friday.
Also USA and same exact firsthand experience. My dad worked for the government and got paid monthly when I was growing up, but every job I’ve had has been one of the 3 you listed.
Ah I miss 1st and 15th… It was so great. My jib recently changed to every other Friday it it has royally fucked up all my auto-bill-pays…
Fortnightly here in Australia.
Same here.
PS: Apparently a lot of Americans aren’t even familiar with the word fortnight.
It means two weeks if anyone hasn’t heard it before.
I get paid twice every lunar cycle with a small silk bag full of enchanted gems. What the hell are the rest of you people doing?
I get exploited by a socially constructed class of capital owners.
I’ll take what you’re getting thanks.
You need to run Arch.
Interesting. Every job I’ve ever had paid biweekly as well. I’m in the USA. Sometimes even enormous hoops were jumped through in order to provide it on that schedule.
It also varies by profession and/or position in some countries. Managers and “professionals” on higher salaries will often be paid monthly, whereas “ordinary” employees would usually get paid weekly or bi-weekly. Personally, I think it’s a tacit acknowledgement that it’s much harder to budget for a whole month on lower rates of pay.
Wouldn’t it be easier to budget for a whole month on low pay, especially since bills are monthly.
Paycheck comes in -> Pay all bills for that month -> whatever is left you can spend that month.
I guess the thought was it’d be much harder for low paid workers to live for 4 weeks on savings, before their first paycheck came in. But yeah, I get your point.
Everywhere I worked in North America (USA and Canada) paid bi-weekly.
Everywhere I’ve worked in Europe (Germany and UK) paid monthly.
I would guess that this is just a difference in norms
Most places in the US pay semi-monthly (twice a month) or bi-weekly (every other week)
Do bills also come twice a month? Like, do you pay your rent, mortgage insurance, internet, tv, cell phone, etc. every two weeks?
Bills are once a month.
That seems very inconvenient if paychecks aren’t monthly.
The bills are once a month but the specific due date for each can varry. For us some of our bills are due at the beginning of the month and some are due towards the end, but most are at the beginning.
Not really. Because my monthly bills don’t come at the same time each month. It would probably be harder to coordinate bills if you’re paid monthly here anyway. Makes more sense to have a steady cash flow imo. Imagine living paycheck to paycheck and your bill is due on the 28th, but you don’t get paid until the 1st. Some people might run out of money before their bill is due and they don’t get their next paycheck yet.
I pay most of my bills with my end of the month paycheck and the middle of the month paycheck is for necessities/savings/fun stuff. Mostly necessities/savings though.
Some places pay you twice a month. On the 15th of the month and on the last day of the month. The benefits being that it’s easy to understand, easier on payroll and aligns with most business cycles and for employees is easier to plan your expenses. Cons being that it’s good for salaried employees and bad for hourly employees.
Fortnightly seems to be the norm here in Australia
Ive never not been paid weekly. Ive worked labourer jobs, technical trade jobs, and office jobs, and all have paid me weekly.
Fortnightly would be annoying. Monthly would be a nightmare.
Monthly is just fine if you understand it’s the same amount of money regardless.
What about the first month? If you’ve got a buffer in the bank, it doesn’t matter much. But if you were living paycheck to paycheck, those 2-3 weeks might be enough to really set you back
I’m sorry you’re that lacking in budgetary skills.
Have you heard of interest, and investments? Not to mention you don’t get paid until the end of your first month, which could be particularly bad for people who were unemployed prior to getting the job.
Have the money on-hand earlier makes a huge difference.
I’d love to be paid weekly if I could.
Oh boo fucking hoo
Okay? Not sure why other people’s pay frequency preferences bother you.
Yes, it’s the same amount of money, and you’re welcome to not care, but there are legitimate reasons for prefering more frequent payments.
You have a nice day, friend.
Yeah. It’s that you lack common sense and basic planning skills.
No no, I am perfectly capable and have many months worth of expenses saved, thanks. Just that there are perfectly good reasons to prefer a higher frequency.
I still prefer higher frequency, because it means I earn more interest, and can invest money earlier, also. And yes, also (not me, but others) people might have been unemployed prior to getting work, and waiting a month to get your first payment would be quite challenging.
You’re giving off “everyone other than me is stupid” vibes, in which case this rule definitely applies:
If you think everyone else is an arsehole, it’s probably you who are the arsehole.
Not sure why your preference for monthly payments means there must be no other valid reasons for people do have a different opinion… Jesus.
In the US, “most” corporate jobs are two weeks (26 pays).
For a while bi-monthly was popular in some sectors ( 1st and 15th usually)
Monthly happens but it’s extremely rare.