When people tell me they get paid monthly and how they hate it and wish they got paid either weekly or bi-weekly, I always find it interesting. They claim they do not like it because by the end of the month, they usually do not have any money saved up and they have to limp along for a week until Friday when their next paycheck is deposited.
Now I can understand wanting to get paid sooner for work you completed instead of just monthly. But it is not going to help your finances any if you cannot get control of your spending.
Ultimately it should not really matter when you get paid as long as the amount you get paid is the same and you follow a budget.
John Maxwell says that “A budget is telling your money where to go rather than wondering where it went.” If you need help setting up and following a budget we have developed several budget spreadsheets to help you get started.
If you struggle with getting paid monthly, it is not a “when you get paid” problem, but rather a “you spending too much” problem. If that describes you, it is ok, the good news is that it is something you can work on and improve!
Visit the free financial resources page today to help you start getting on a budget. If you need help, please contact us today to set up a free 30 minute consultation and learn how we can help give you a new perspective on your money!