Not the amount, per hour or per year, but the frequency?
Daily, weekly, biweekly, twice a month, monthly, quarterly, one big check once a year?
I think I’d enjoy it if I were paid once a quarter - easier to save, easier to make a big purchase - but I’d think I’d be singing a different tune if I had an unexpected expense on July 15 after making a big payment on the first of July!
I get paid once a week and I’m pretty happy with that. I have a good flow of money coming in so if I do run in to trouble (and don’t want to tap into savings) I’ll have my next paycheck in a few days. Also, I keep very good track of my finances. Every single transaction in or out of my checking, savings or credit accounts is in Quicken and reconciled on a regular basis. Getting paid more then weekly (daily) would be a PITA. But I suppose if I were waiting for my paycheck to buy groceries, I wouldn’t be too concerned about the bookkeeping.
i have a friend who does not trust banks, and gets an annual income near the first of January every year, he puts the money in 12 envelopes, puts them in his safe and doles them out each month to himself. I would rather trust a bank, but whatever.
Same as I used to do with my monthly income, I divided it up into envelopes for rent, utilities, food and play money as I got paid. When the bills came due I took the money out, and went and paid stuff in cash and got reciepts. At the time I did it because I was in college and getting paid under the table so I didn’t want any bank records being reported to the IRS. My legal money went into the bank and paid for my tuition and food plan, and books or other supplies.
I had a couple years where things were slim and past due balances from prior tax years were looming. Cash in a safe, is far more difficult to seize than a bank account thats a phone call away for the IRS.
Weekly paychecks can be a burden, because typically rent or mortgage take more than a week’s worth of money to pay. You’ve got to be dedicated to set aside money each week for that expense.
Most people get paid twice a month or every two weeks. And it’s easy to set up your bill paying because it seems like everybody wants money at different times of the month.
When I first started working for the State of Confusion, I mean, California, it was hard. The State has a law that employees must be paid at least twice a month. Oh, unless you work FOR the State. Then you get paid once a month. That first month, when you are trying to make a two-week paycheck stretch to cover a whole month, OH that’s rough! And then things are a little shaky until you get all the bills to line up to come due around the first. Once every thing is in place, though, it’s rather efficient. Money comes in, you pay your bills, rent/mortgage gets paid, it’s all good.
My son remarks that making the money LAST for a month is the hard part. He said you get T-bones on payday, and Top Ramen at the end of the month.
I don’t care really. I don’t live paycheck to paycheck and my pay is direct deposited. The ideal situation for me would be daily payments just so I could maximize interest earned although that is so tiny not to be much of a consideration. Realistically, once a month would work but the more frequent the better.
All of this, pretty much. Last time I was low on money was 5-6 years ago - had to ask to postpone paying rent until after payday. These days its just numbers going up and down. When we switched to getting paid every 2 weeks to getting paid once a month, it had no effect on me really.
But hey, why don’t you play me on some Knorr and Coke stock. I’ll bet on both of them as well as sweet potatoes… really, any tuber. See how well they do against pepsi and the packaged “kitchen” stock. Baked goods are also going to be popular and reliant this year… where protein is expensive, we make up for it in sidedishes and dessert…
I’m self-employed, so I get paid irregularly, depending on the job. I do get a nice quarterly royalty payment from a book I wrote in 2003 and plan larger purchases around that, although I never quite know how much it’s going to be. For several years I had a crap content-writing gig that for a while paid twice per week, which was fun.
Otherwise my painting business income is wholly dependent on the jobs, and sometimes the weather. Although it’s a nice bonus when the client asks me if I’d like to be paid in cash.