Comments on: Paycheck Frequency Poll Results and Discussion http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 10:57:14 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: MoneyNing http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2762 MoneyNing Tue, 13 Nov 2007 04:34:19 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2762 Webomatica: That is a good analogy :) Maybe it's because I like weekly payments too that I tend to agree with you too :) Webomatica: That is a good analogy :) Maybe it’s because I like weekly payments too that I tend to agree with you too :)

]]> By: Webomatica http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2754 Webomatica Tue, 13 Nov 2007 00:56:34 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2754 I do like weekly (my wife is paid weekly). I do think getting the same amount in smaller amounts over time helps save money in the long run - I would use the analogy of having one large portion of a favorite food on sunday vs. having that divded up into smaller portions doled out once a day. I do believe I'd be more apt to gorge myself on that sunday. I do like weekly (my wife is paid weekly). I do think getting the same amount in smaller amounts over time helps save money in the long run – I would use the analogy of having one large portion of a favorite food on sunday vs. having that divded up into smaller portions doled out once a day. I do believe I’d be more apt to gorge myself on that sunday.

]]> By: MoneyNing http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2698 MoneyNing Sat, 10 Nov 2007 07:27:11 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2698 plonkee: I see lots of benefits of monthly paychecks but I just can't bring myself to letting go of the fact that all my money is on loan :) It's interesting that North Americans are usually the people who get anything but monthly paychecks and we are the ones with the highest debt per person on the planet! Matt: You bring up a good point. I really wonder if people will feel rich since they will probably get used to see that amount every last day of the month. My only monthly paycheck experience was a summer job though and the amount was pretty small so I really don't know! :) plonkee: I see lots of benefits of monthly paychecks but I just can’t bring myself to letting go of the fact that all my money is on loan :) It’s interesting that North Americans are usually the people who get anything but monthly paychecks and we are the ones with the highest debt per person on the planet!

Matt: You bring up a good point. I really wonder if people will feel rich since they will probably get used to see that amount every last day of the month.

My only monthly paycheck experience was a summer job though and the amount was pretty small so I really don’t know! :)

]]> By: Matt http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2694 Matt Sat, 10 Nov 2007 00:12:22 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2694 Here in Canada (or maybe just my province) I think it's the law that you must get paid bi-weekly. But I know that in a lot of countries around the world, monthly is more common. I have heard from people that having monthly paycheques forces you to budget better because you need to make it to that next paycheque. I have gotten paid monthly before and I prefer more frequent payments. That way, there is always income coming in and it doesn't allow you to think that you're richer than you actually are. Seeing your bank account go up $2000 at the end of the month will tend to do that instead of $500 a week or $1000 every two weeks. Here in Canada (or maybe just my province) I think it’s the law that you must get paid bi-weekly.

But I know that in a lot of countries around the world, monthly is more common. I have heard from people that having monthly paycheques forces you to budget better because you need to make it to that next paycheque.

I have gotten paid monthly before and I prefer more frequent payments. That way, there is always income coming in and it doesn’t allow you to think that you’re richer than you actually are. Seeing your bank account go up $2000 at the end of the month will tend to do that instead of $500 a week or $1000 every two weeks.

]]> By: plonkee http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2690 plonkee Fri, 09 Nov 2007 19:15:41 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2690 In the UK its not common for people in salaried jobs to be paid anything other than monthly. I think it would be more confusing to be paid more frequently, as it is, I just have all my bills go out the day after payday. In the UK its not common for people in salaried jobs to be paid anything other than monthly. I think it would be more confusing to be paid more frequently, as it is, I just have all my bills go out the day after payday.

]]> By: MoneyNing http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2676 MoneyNing Thu, 08 Nov 2007 21:54:24 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2676 FinanceIsPersonal: Do you hear your employees ever complianing about this? I'm sure it's much easier for you if you do this less frequently though. Ashley: Actually my company pays bi-weekly and pays 1 week late. So for example, if I get paid tomorrow Nov 9 (Friday), then my paycheck is for Oct 22nd to Nov 2 so the loan is worst! FinanceIsPersonal: Do you hear your employees ever complianing about this? I’m sure it’s much easier for you if you do this less frequently though.

Ashley: Actually my company pays bi-weekly and pays 1 week late. So for example, if I get paid tomorrow Nov 9 (Friday), then my paycheck is for Oct 22nd to Nov 2 so the loan is worst!

]]> By: Ashley http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2674 Ashley Thu, 08 Nov 2007 16:30:15 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2674 I am one of the people who don't really care when I get paid, I get paid bi-monthly (15th & 30th)now and it works for me. I can't really see why you would be miserable if you got paid monthly, it makes budgeting easier because you would have the whole month's bills and the budget completed in one sitting (or atleast the money allotted for the bills), not twice or four times a month. To me, that sounds like much more to be miserable about. I do see your point about your money being "on loan" if the paychecks are less frequent, though. I never thought of it that way. I am one of the people who don’t really care when I get paid, I get paid bi-monthly (15th & 30th)now and it works for me. I can’t really see why you would be miserable if you got paid monthly, it makes budgeting easier because you would have the whole month’s bills and the budget completed in one sitting (or atleast the money allotted for the bills), not twice or four times a month. To me, that sounds like much more to be miserable about. I do see your point about your money being “on loan” if the paychecks are less frequent, though. I never thought of it that way.

]]> By: FinanceIsPersonal.com http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2672 FinanceIsPersonal.com Thu, 08 Nov 2007 14:04:27 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2672 Coming from a person who has a few employees, monthly is definitely the way to go. It's a lot easier to do Payroll 12 times a year than 26! As an employee, Since I'm very financially stable, I'm happy getting paid once a month. It's fewer transfers I have to send over to my savings account. Coming from a person who has a few employees, monthly is definitely the way to go. It’s a lot easier to do Payroll 12 times a year than 26!

As an employee, Since I’m very financially stable, I’m happy getting paid once a month. It’s fewer transfers I have to send over to my savings account.

]]> By: MoneyNing http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2663 MoneyNing Thu, 08 Nov 2007 05:20:59 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2663 Katie: Does your company actually do this right now? Does the fact that it falls on different weekdays bother you like it does Natalie? Katie: Does your company actually do this right now? Does the fact that it falls on different weekdays bother you like it does Natalie?

]]> By: Katie http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/comment-page-1/#comment-2662 Katie Thu, 08 Nov 2007 02:31:53 +0000 http://moneyning.com/poll/paycheck-frequency-poll-results-and-discussion/#comment-2662 You didn't offer semi-monthly as an option. That's been my favorite. Bi-weekly has those "extra" two paychecks but is hard to hard to budget around for monthly expenses. Semi-monthly provides a regular paycheck but with a cycle that matches bills. You didn’t offer semi-monthly as an option. That’s been my favorite. Bi-weekly has those “extra” two paychecks but is hard to hard to budget around for monthly expenses.

Semi-monthly provides a regular paycheck but with a cycle that matches bills.

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