How do you get paid?

iVillage Member
Registered: 09-22-1999
How do you get paid?
16
Sun, 08-28-2005 - 12:37pm

How do you get paid your primary income? Is it a salary, commission, trust fund, hourly wage, per job payment, allowance, etc? Do you get paid weekly, monthly, twice a month or once every 2 weeks, per job, other payment schedule? Is it a check, cash, direct deposit, other form of currency, swap or barter, gift cards, etc?

How do you manage your budget based on the way you are paid? Is there a better way for YOU to be paid that would help you manage your money better?

Food for thought,
Littlesbigs

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iVillage Member
Registered: 11-13-2004
Mon, 08-29-2005 - 1:32am
I get paid every two weeks and I have direct deposit into my bank account. I receive my check stub a day before the money actually goes into my account. I like that because I know ahead of time what I am getting and can sit down the night before the money is available and decide who gets what and how much to save. It seems to work well for me. Although lately I feel like my bills are so much that I feel I am not able to save what I would like. I think it's just hard in general for me to survive on one income, regardless. When I was in school, I worked at a job where I was paid once a month and that was a disaster! There was always too much month left at the end of the money. Two weeks has been better for me, plus my income is higher now anyway. I think overall it works well for me.
iVillage Member
Registered: 11-21-2003
Mon, 08-29-2005 - 5:25am

I get paid once a moths - the money goes straight into my bank account, and is supposed tobe there on the 15th latest. Most times it is there a few days early. I am on a fixed salary, and health insurance, taxes etc. are deducted automatically from what I get.

With the money arriving in my acount, I have 'automated' a few thigs. Rent payments and the monthly 10 Euros for my emergency fund are sent out automatically. Insurances, the credit card payments, phone and a few other minor things are debited directly from my account - I have given them a direct debit authorization (if that's the correct phrase, not sure).

My husband has a monthly salary and income from self-employment, so that is a lot mroe difficult, but we do not really manage our funds together. Phone, internetaccess, electricity (a meager 80 euros every other months), and the car are all paid with his money.

I wouldn't want to get paid any other way. I once held a job where I was given cash - and hated that. I didn't feel good carrying my complete earnings from one month of work around with me...

Greetings, Jordis

ivy_jordis

iVillage Member
Registered: 04-21-2004
Mon, 08-29-2005 - 7:38am

dh gets paid twice a week, for his full time job and his part time job, but luckily they are on opposite weeks. So we get one big paycheck every two weeks and then a small one on the alternating weeks. It works well. We are sdjusting to me not having a weekly paycheck, but to be honest we always blew my paycheck anyway! (they paid me in cash on friday and it would be gone by monday!)

kel

iVillage Member
Registered: 06-16-2004
Mon, 08-29-2005 - 2:18pm
DH gets paid every other Friday via DD.

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iVillage Member
Registered: 05-30-2003
Mon, 08-29-2005 - 3:40pm

I *wish* it was a trust fund, ROFL!! I'll have to get ahold of my Mom and tell her to get cracking. I used to tell my parents that I wanted to be a millionaire when I grew up. They'd laugh and tell me to do better in school. I told them, no, that I wanted to inherit it! (I'm an only child) They laughed harder. :D

DH earns our primary income, and gets paid on the 15th & last business day of the month via direct deposit. Our part-time jobs all share the same payday, every other Friday. All of those (for now) come via actual checks. More often than not, we end up getting paid from somewhere every week. Sometimes, it works out that it's the same week, which is way easier for budgeting, but for whatever reason, makes that next payday seem like 5,000 years off.

Pretty much, DH's main paycheck goes to pay all the real bills, and the part-time stuff goes toward gas/food/etc.

It works, although sometimes not very prettily.

Lisa

iVillage Member
Registered: 08-23-2005
Mon, 08-29-2005 - 4:05pm

DH & I both get paid on the 15th and the last day of the month. I am salary & so is he but his pay is not the same every paycheck.

lvhunnie2005

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