Topic: Do you think in year salary or month payment? (Read 263 times)
I don't think it matters if a person gets a monthly or a yearly salary. The problem here is spending. If a oerson is actually disciplined enough to save his earnings or invest their earning then spend the rest for necessary goods and services then that person will have a next egg to lean whenever an emergency arises. People have forgotten how to save for the future or even the value of an insurance or even a stock portfolio. Then when they become old and un productive where would they get money from? Their children?
I'm from a Contry who has a society that's used to think in 'how much will I earn per month in this job?' but I know that there are ones who think in 'how much per year will I my salary be?'.
When I started to think my money in 'year salary' I stoped to buy those little things as icre cream... becouse let's say that per month, in the 'month payment' system, 20 bucks is just a little fraction of your 700 dolars payment (for example), but in the 'year salary' this gives you a total of 240 bucks ice cream bill. That's too much for someone who earn 700. Personaly, for me around 60 bucks for ice cream a year is ok enough.
That had saved me a lot o money in the past few years ... well, at leat works for me.
Does the culture around how the population deal with their payment changes how the entire society evolves and deal with money issues?
How does this would apply to crypto?
I just see too much people that will not be ok if lose the month payment becouse have no savings and always had a monthly spend inside the monthly payment, rich or poor a lot of ppl just think about the 30 days future to the next payment.
When I started to think my money in 'year salary' I stoped to buy those little things as icre cream... becouse let's say that per month, in the 'month payment' system, 20 bucks is just a little fraction of your 700 dolars payment (for example), but in the 'year salary' this gives you a total of 240 bucks ice cream bill. That's too much for someone who earn 700. Personaly, for me around 60 bucks for ice cream a year is ok enough.
That had saved me a lot o money in the past few years ... well, at leat works for me.
Does the culture around how the population deal with their payment changes how the entire society evolves and deal with money issues?
How does this would apply to crypto?
I just see too much people that will not be ok if lose the month payment becouse have no savings and always had a monthly spend inside the monthly payment, rich or poor a lot of ppl just think about the 30 days future to the next payment.
In my country we have been going though an economic crisis for some time now .10+ years. Everyone is frantic about how horrible the economy is and that there are many people starving and no jobs available. Going through that at an early age , seeing relatives loose jobs and houses, i tend to think in "life" . If i did not get any money after this,ever, would i be able to live,and how? you can save money that way,but not enough room for ice cream though.
I will prefer a monthly salary for me to have a better allocation of my budget on my expenses. Since it was monthly salary, I always expect an income monthly so I will now budget it on my daily expenses, The disadvantage of yearly is that, in case you already over budget it on your expenses on first months, you will no longer source of income to be allocated on the remaining months.
Monthly payment is necessary because we all know that every month we have to pay our bills like electricty, rent house or other expenses. Also we need to budget our needs like food and allowance. It is easy to budget in a month than a year.
salary in months or years still seem the same because is it just a simple ratio and proportion.You can know your yearly worth by multiplying the amount you receive monthly by the 12months in a year.But I personally think that if your employer pays you hourly that will give you quite good income.You can easily quantify the amount you receive by the number of hours that you work.Because some employers are cheat,they rather want to use the monthly idea to cheat their workers so that the workers go about with the mentality of am receiving salary at the end of of the month.
I don't really see the point to think in year or month, at the final if you make the ratio of your monthly ice cream consumption / month or your yearly ice cream consumption / year, it will remain the same.
I think you fail to understand that it's super easy to do the math yourself to see your hourly / monthly / yearly salary.
If you are too lazy there are online calculators that can do the math for you.
The majority of the "better" jobs give you an annual salary rather than a hourly one. For example, when you a company like google wants to hire you, they'll tell you that they will pay you $210k a year + $177k in stocks. They typically don't say that you will be making $200 an hour, as you work varying hours every day.
It's also important to factor in benefits. In many jobs, you end up getting paid more from stock/cash bonuses vs stated salary. If you work in America, you also have to calculate your companies 401k contributions, health benefits, etc.
Even if you are a salaried worker you get payments bi-weekly/monthly, so your point is invalid.
If you are too lazy there are online calculators that can do the math for you.
The majority of the "better" jobs give you an annual salary rather than a hourly one. For example, when you a company like google wants to hire you, they'll tell you that they will pay you $210k a year + $177k in stocks. They typically don't say that you will be making $200 an hour, as you work varying hours every day.
It's also important to factor in benefits. In many jobs, you end up getting paid more from stock/cash bonuses vs stated salary. If you work in America, you also have to calculate your companies 401k contributions, health benefits, etc.
Hourly payment is best.Monthly salary earning is better than yearly earning.
This is because, you need regular income as a worker to pay bills as rents, fuel,
groceries, electricity, clothing and so many other necessities.If you wait for a whole
year to earn salary, it may be economically disadvantageous.Investments are also affected
as you dip hands in your savings to survive while waiting.Regular and steady income earning
is the economic viable way to stay afloat.
This is because, you need regular income as a worker to pay bills as rents, fuel,
groceries, electricity, clothing and so many other necessities.If you wait for a whole
year to earn salary, it may be economically disadvantageous.Investments are also affected
as you dip hands in your savings to survive while waiting.Regular and steady income earning
is the economic viable way to stay afloat.
Even if you are a salaried worker you get payments bi-weekly/monthly, so your point is invalid.
First: I woulf prefer to count my salary in hours, too. That's how you can identify the benefit of your job.
Second: your approach is deconstructive. You should think how to earn more to be able to eat your favorite ice cream, not to refuse from ice cream because you earn not enough.
Second: your approach is deconstructive. You should think how to earn more to be able to eat your favorite ice cream, not to refuse from ice cream because you earn not enough.
Hourly payment is best.Monthly salary earning is better than yearly earning.
This is because, you need regular income as a worker to pay bills as rents, fuel,
groceries, electricity, clothing and so many other necessities.If you wait for a whole
year to earn salary, it may be economically disadvantageous.Investments are also affected
as you dip hands in your savings to survive while waiting.Regular and steady income earning
is the economic viable way to stay afloat.
This is because, you need regular income as a worker to pay bills as rents, fuel,
groceries, electricity, clothing and so many other necessities.If you wait for a whole
year to earn salary, it may be economically disadvantageous.Investments are also affected
as you dip hands in your savings to survive while waiting.Regular and steady income earning
is the economic viable way to stay afloat.
It's not one payment per year when the salary is fixed by the whole year amount, it still monthly.
However thinking in ours is a great way to think like: I need 3 hours to buy this game
Hourly payment is best.Monthly salary earning is better than yearly earning.
This is because, you need regular income as a worker to pay bills as rents, fuel,
groceries, electricity, clothing and so many other necessities.If you wait for a whole
year to earn salary, it may be economically disadvantageous.Investments are also affected
as you dip hands in your savings to survive while waiting.Regular and steady income earning
is the economic viable way to stay afloat.
This is because, you need regular income as a worker to pay bills as rents, fuel,
groceries, electricity, clothing and so many other necessities.If you wait for a whole
year to earn salary, it may be economically disadvantageous.Investments are also affected
as you dip hands in your savings to survive while waiting.Regular and steady income earning
is the economic viable way to stay afloat.
I would prefer a monthly salary because daily we had expenses so, it would be advisable to have monthly so that we can allocate that to our espenses properly. Also if in case it was yearly, it means it was so big, there is a chance that it can be spend immediately even the year is not yet finish.
I think about my money in average daily expenses. Or in average weekly expenses maximum. Such calculations are enough for me. I do not spend much money at all therefore month and year payments are unnecessary to think about.
I would prefer earning monthly than yearly. It's hard to save money if its a yearly investment. There is a possibility of overspending when a person has a lot of money. Limiting the money on hand per month will surely help. The only advantage of yearly salary is that you can invest your money elsewhere. There are risk but who knows. Also, I don't think there will be a company who will pay on a yearly basis. It's not good on the accounting side. If you know what I mean.
Just to clarify:
Even when the job offer is '60.000 dolars' per year, the payment will be monthly.
Some comments considered as one payment per year.
It's about how you do think your income (monthly or year) and how this affects your savings and manners on how to spend money.
most people will never agree with the annual salary, even I have a low economic level, sometimes to live a month is not always enough, I think it is not necessary.
I get paid my monthly salary monthly, OT every six months and dress and holiday allowance yearly. Making my yearly income more than 20 months salary.
So for me the income is to be calculated annually.
So for me the income is to be calculated annually.
some people has struggle to expenses their salary by montly until the end of year will still nothing,, many of them will relate from this situation by the way ,,you need to planed the expenses before you expense,,identify also the WANTS-(Things can survived without) and NEEDS- (things cannot survive without) and your salary will be divide into three parts,,example 10% returned to god,,(tittles) 20% saving 70%- percent has all expenses including - house rent ,food ,water bill at electricity and 20% of your salary what ever it takes you we need also to earned from your retirement fund( in case your not be able to work due to some reason or jobless you have also to reserve the fund from everyday living without no job) for security purposed ,,all you need to do is SAVE because nothing can save yourself except you,,
For one to be able to make saivngs after expenes I think monthly pay is better.
There is no point in thinking about the annual salary. As far as I am concerned, I have to pay the rent every month, and utility bills also needs to be covered moth-wise. If they were billed annually, then I would have thought about the annual salary.
I also think about how much I earn per month. For example - this phone is worth my monthly salary, so I still can somehow afford it. It seems closer than annual earnings. Theoretically, this can work with crypto-currencies, if you work long enough and calculate the average monthly profit.
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