- This topic has 18 replies, 1 voice, and was last updated October 15, 2007 at 4:13 pm by .
- October 15, 2007 at 4:13 pm #253746
My guess is that when you DO get paid, the amount will be what you
need to get used to. Instead of 4 small checks, you’ll be receiving
one large check- which can lead to unwarrented spending when you are
on a budget, because a larger amount tends to make you think you can
My suggestion is this- deposit it when you get it, but operate on a
weekly amount like you would if you still got paid weekly. Sort of
like paying yourself.
That way, you can budget for groceries per week, bills per week, etc.
— In Budget101_@yahoogroups.com, “stantonpa”
> This is a strange question to ask and I need some advice.
> Recently I changed jobs after 21 years in the drafting field I
> changed jobs and companies. My new job is cost estimator. I have
> never done anything like this before so I am excited to be doing
> something new. My background in engineering will be helpful with
> quoting for my new job. The pay scale was also a factor in my
> My question really is about living on a once a month payday and
> budgeting bills.
> For 21 years I was paid every weekly but the new company I am
> for only pays its salary employees once a month (Last Thursday of
> every month is now my payday.) I started work on September 24 so my
> first check will not be until October 25 according to the personal
> manager. This just took me off guard and has already put a strain
> my savings. The other kicker to this is after years and years of
> letting my debt get out of hand, I started a “debit diet budget” to
> get my money under control. However, I was only two months into
> budget when I started this new job. My budget right now is
> on my saving to get me through this month to my fist paycheck.
> Is there anyone else out there working at a job that pays like
> Can you give me advice on the best way to pay bills?
> Examples of random thought I have had.
> -I could pay the bills as they come in one by one. (Quick turn
> around / in and out thinking)
> -I could continue pay the bills as I have been by sorting them out
> by what week the due date and sending out at the appropriated
> (This would be a controlled and calculated budgeting as I have
> -The other option is to set up direct payments from my account to
> bill company’s so they can just take the money when due. (Don’t
> worry and let them do as they will attitude)
> I have thought of pro’s and con’s to all of the above options.
> I am just looking for some advice from others in my situation.
> Living on this month to month will take some time to adjust I know
> already. I now have a running joke with my family that this is just
> my first step into living on fixed income and retirement.
- You must be logged in to reply to this topic.