• I have been paid monthly for the last 6 years and of course it has advantages and disadvantages. Disadvantages - You are rich for 2 weeks, then poor for two weeks, you only get paid 12 times a year Advantages - Good for budgeting /paying monthly bills etc, You get more money on pay-day therefore might be able to afford more luxurious items easier,
  • The only benefit I can see is that you learn how to set up a budget for yourself. I wouldn't want to get paid once a month, I was paid on the 1st and 15th for years, that worked out good.
  • It takes you until at least half the month is over to spend all your money vs the first of the month...
  • Your bills come once a month, so you have all your money and all your bills for the month and it gives you a perspective.
  • Well I kinda like it! I get paid on the 27th of the month all my bills come out around the 12t of the month1 That means I know what I have left for the rest of the month and can use it how I need to! If I got paid like every fortnight and my bills still once a month I'd probably not be good at putting the money aside to pay for these. In saying that I am sensible with my money!x
  • I used to get paid on the first of every month. It seemed really hard at first...but by the end of it I had learned to really manage my money well...and getting that check all at once gave me a real clear idea of exactly how much money I had each month. I kinda liked it.
  • I get paid on the 1st and 15th as well. I like this method much better because you only have to wait about 2 weeks or so for a paycheque, so it is much easier to make your money last that long. If you are only getting paid once a month, you have to make sure you save your money so it will last throughout the whole month which I'm sure would be much harder.
  • I'm soon to start a job that pays once a month. I have always been every 2 weeks. I'm optimistic. I'll just have to "pay myself" twice a month and remain disciplined. Although I know it will take some adjusting to say the least.
  • You can pay everything at once & know exactly what you have left to spend for the rest of the month!!! I loved it!!!
  • There is no advantage to the PAYEE (the employee). There are advantages for the PAYER (the employer). Fewer checks can significantly reduce paperwork, especially if you have lots of employees. *** EXCEPTION: for the employee who is unable to budget money (i.e. someone who spends money as quickly as they make it), the less-often paycheck helps them to budget. When such a person gets their monthly paycheck, they pay rent and utilities for the month and so those necessities are "covered". They probably come up short on food and other things before the end of the month, though.
  • As others have said most bills are monthly. If you pay all your bills first you learn to budget. But you also need to put money back for the last part of the month when it comes to daily needs. I've learned how to buy food once a month as well, but you have to know how to use pantry items instead of fresh or put the money back. If you have an addiction, including coffee, cokes and cigarettes you will either put it back or go without. On the other hand you could get a job as a server/waiter or delivering pizza or door dash to make cash in the in between times. I used to wait tables and my co-worker who had been doing this for 12 years said she had to take her tips directly to the bank every night or she'd spend it. But no matter how you get paid, you need to learn to budget. And of course its best to put some back for emergencies. The one who said you have more money at one time to get more luxurious items has it all wrong!! Those are the things you save up for over time. When I have extra money I pay my rent in advance. Its my way of saving money.
  • Anyone on disability or retirement can relate. If you know how to budget and are willing to give up doing a lot of things you used to do (like eat), it's not so bad. But it gets worse in the last few days of the month when you need groceries and you're counting change.

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