Who here gets paid fortnightly?

[Ron Burgundy]

Just a simple future look but you obviously get paid every two weeks, so how do you manage bills etec that come out of a 4 week pay instead of a two week pay?

[siscar]

Fortnightly pay is quite common in Australia but rare, bordering on unheard-of in the UK.

[Blue Meanie]

Ron Burgundy said:

Just a simple future look but you obviously get paid every two weeks, so how do you manage bills etec that come out of a 4 week pay instead of a two week pay?

Why would it matter?

[Munter]

Blue Meanie said:

Ron Burgundy said:

Just a simple future look but you obviously get paid every two weeks, so how do you manage bills etec that come out of a 4 week pay instead of a two week pay?

Why would it matter?

Thats what I was thinking..... By the end of the month you'll have had both payments so it doth maken no differentitaion.

[jeff m]

Ron Burgundy said:

Just a simple future look but you obviously get paid every two weeks, so how do you manage bills etec that come out of a 4 week pay instead of a two week pay?

Most of America
For budgeting think two deposits a month, then you will have two three payday months a year when you have a little extra.

It can take a little getting use to more because the pay days are day oriented not date, so a bill due on say the twelth of every month may at times be inconvenient if the pay is Thursday the 14th. It'll be ok next month though

[stigmundfreud]

Blue Meanie said:

Ron Burgundy said:

Just a simple future look but you obviously get paid every two weeks, so how do you manage bills etec that come out of a 4 week pay instead of a two week pay?

Why would it matter?

I went to weekly pay earlier this year for a contract, it was a lot harder to budget on when you have been used to 1 big sum on the same day every month for years

[Blue Meanie]

Why though? You're 'monthly' wage is still the same, you just get it at different intervals.

[stigmundfreud]

Blue Meanie said:

Why though? You're 'monthly' wage is still the same, you just get it at different intervals.

Its just I find it much easier. I have all my outgoings on the 1st of the Month and as it took a few weeks for the payments to start being made. Also when you know you are going to be paid in a few days you tend to act (well I did) ah I'll buy it now and replace money later, then repeat.

[jeff m]

Blue Meanie said:

Why though? You're 'monthly' wage is still the same, you just get it at different intervals.

Not quite true, you will get 1/13th of annual salary on most months.
(and 3/26ths on two months)
I do payroll on a fortnightly basis BTW

Edited by jeff m on Friday 5th December 17:20

[Blue Meanie]

jeff m said:

Blue Meanie said:

Why though? You're 'monthly' wage is still the same, you just get it at different intervals.

Not quite true, you will get 1/13th of annual salary on most months.
(and 3/26ths on two months)
I do payroll on a fortnightly basis BTW

Edited by jeff m on Friday 5th December 17:20

Are you suggesting you get less salary when you are paid fortnightly? A salary of 40,000 is 40,000 paid daily, monthly, or weeksly. It doesn't matter.

[Ron Burgundy]

Blue Meanie said:

Why though? You're 'monthly' wage is still the same, you just get it at different intervals.

because say if i had large amounts of my money going out as it would every month , on a pay of just half of a monthly pay, then i wouldnt have enough. All im asking is that are there ways in which you manage your money so that it can be spread evenly

[The Riddler]

I'm on fortnightly pay, I know what comes in, and what should go out.

My 'spend' goes off into a seperate account, leaving money to cover bills and expenses in the 'wage paid in' account, plus a little extra for in case.

If your a total fktard with money then it won't work, as you'll spend one wage on bills, then be skint til the next paydate to have some spend, and the circle continues.

Edited by The Riddler on Friday 5th December 17:52

[Blue Meanie]

Ron Burgundy said:

Blue Meanie said:

Why though? You're 'monthly' wage is still the same, you just get it at different intervals.

because say if i had large amounts of my money going out as it would every month , on a pay of just half of a monthly pay, then i wouldnt have enough. All im asking is that are there ways in which you manage your money so that it can be spread evenly

Erm... What do you do with the wage payment you had 2 weeks before?? You CAN use that to add onto the next wage payment to pay said bills with. Is it just me that thinks this is a thoroughly sensible notion?