Our lot are generally pretty good; we get paid on the 20th of each month, or the previous working day if the 20th happens to fall on a weekend. It usually means that it's around 4-4.5 weeks between pay days. I'm down to practically no money by the next pay day, but my bills all go out as soon as I've been paid - I might not have any money, but at least I've paid for everything I need to! Until it comes to December... In December, we get paid on whichever Friday falls between the 14th and 20th. Meaning that we'll get paid on the 16th this year. But we then don't get paid in January until the 20th - a full 5 weeks later... It's infuriating as it's the most expensive time of year - last minute presents and everyone is out on the piss pretty much every week - and I can't afford to keep rinsing credit cards. My Christmasses have become very thrifty (though the other half and I don't really agree with the idea of Christmas, so we usually end up spending very little money on each other)... The computer store I used to work for would always leave it until the last possible minute to pay their supplier invoices. In some cases they would even wait for solicitors letters to turn up before paying.
I hate that attitude, our local CAMRA branch does it the same way, and trying to convince local companies to do business on account with us is a complete ballache now, all due to 1 guy.
Though the company I worked for didn't bank their takings very often - hence they had little working capital in the bank with which to actually pay their suppliers... I took the takings in once and it was the most nervous 30-second walk I've ever had. It was only a quick walk from the car to the bank branch, but carrying a briefcase with circa £50K in cash and even more in cheques through a city centre is a little hair-raising. Even clearing down the PDQ card machines only happened around once a week. I was young and naiive at the time, and I now realise that this is not actually a good way to do business! Keep your suppliers happy!
well yeah because when you want to try to get a bit off your bill they are more inclined to negotiate if you pay your bills on time. I agree that there is so much month at the end of the money is pretty stressing tbh.
When I worked at EON we got paid on the 28 of each month. Except in december when they were nice and paid us on the 23rd (there or there abouts). Which is very nice of them indeed. But my god... Getting through from the 23rd to the 27th of Jan with Christmas and New Year in the way... What an absolute nightmare
I think its just personal choice. But it means 12 pay periods per year instead of 13 and a few days change. Just makes it easier my company pays weekly, fortnightly, four weekly and monthly, we dont have a choice which we get though.
I get paid semi-monthly. I don't mind. It just means that my second paycheck of the month is bigger than the first as it includes my commission. I'm not just making it by with my bills and income so it doesn't matter to me. I just make sure I don't spend more than I have.
Get paid on the 28th every month (except December when they pull it forward ) so that gets used for rent, bills, etc etc But SWMBO gets paid every Thursday, so all bills clear by the 1st by my wages then enjoy life on hers
I used to get paid 4 weekly and I liked it that way. I made sure that I budgeted for a given month in one pay packet and then at the end of the year I'd have a 13th pay packet which didn't need to go towards any bills. I know it meant getting paid at odd times in the month but it helped me manage finances better overall and I could treat myself to something. Now I'm a student and I have to make a lump sum last 3 - 4 months... I hate it! I want a job!
