Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 2. (Read 1050 times)

If they can save it accordingly and they are good in managing their finances, both are okay in terms of receiving your salaries it will depends from how you agree with your expected amount, even if you will earn it in a weekly or a monthly basis, as long as you are managing your finances the right way, it's still better to have something to expect than nothing.

I mean, those who can control their expenses and they are good at allocating every finances that needed, they can manage to survive whatever kind of expectation that they will going to receive their finances.

If the example is likened to a signature campaign, it is clear that weekly paychecks are more profitable because there is no need to wait for paychecks at the end of the month. But if you have experience in bounty projects that usually don't pay salaries weekly, I don't think it's suitable to be used as a good example because it still isn't necessarily paid on time and can even be missed by more than a month which is very annoyed the participants.

As for the problem of how to manage every expenditure of money that is already seen as an obligation, it clearly depends on each individual and also on the amount of income for each person personally. Because it will not be possible to spend more money if the income is small except for people whose hobbies are indebted to other people using many reasons.

I would prefer weekly payment, so that I could save early and I can easily set a budget for everything per week. Also the other reason is that just in case some emergency happens and I needed the money, I will not borrow from my friends or the last choice would be in bank that will just give me another problem because of the interest.

For me weekly salary is much better because that would help me as well to relax, like I can see my hard work finally pays off, especially when you just started a job, it feels great.

That's right, whenever payday is given be it weekly or monthly it has no effect at all, but how can we manage it properly.  What we have to apply is how much is spent in a day and how much is spent in a month to pay for electricity, internet, etc.  It must adjust to our income so that expenses are not greater than income.

It is different for me, when I get weekly I fail to live according to how I should, monthly is better. My expenses are monthly, rent, electricity, internet, phone, heating, water, everything is monthly, so I should be getting monthly as well. I have been doing a lot better that way and it's easier to manage.

However, companies are even harder, they make money based on each sale, so if they are doing good, that's not confusing, but there are some who make a ton sometimes, and then for a few months make nothing, making sure that runs is a very difficult one, like make 30k a month, then nothing for 3 months, how do you manage to live like that? I wouldn't be able to.

If we talk about salary, then I have never dealt with weekly payments before, my first such experience was payments for signature campaigns. I will say that this is convenient, because if for some reason we are not paid, then we will not have to wait a whole mounth to understand that there will be no payment, and it will be possible to change the campaign early on next week.

It would not be bad if something like this was practiced on a work, but it’s probably not so simple, because you need to form a payroll, issue a salary, sometimes it is paid in cash and, in the end, it is beneficial for the employer to pay at the end of the month, since he can use money all month.

It's the right choice to save what you have later. there are many things you can arrange to make your money or investment run smoothly. With a weekly paycheck being a great alternative to split dk's income

Basically every salary is good and also useful for life because it is part of the results of work every week and also in every month. And for me, those who receive a salary on a weekly or monthly basis are actually not much different if they can save it according to their basic needs. Because what makes the salary look small or not enough is prestige and too often follows a lifestyle that even that is not always needed by everyone.

For those who can manage finances well, a weekly salary is a good thing, most people are too easily tempted to shop on weekends so all the salary they get is used up, but if we can leave it for investment even with a small value then weekly salary is better than monthly.

I don’t really see how your financial manager being not very good relates to how you would like to be paid. Besides, why would you have a financial manager that isn’t very good and still retain him while that would make you to prefer a weekly payment to a monthly one.
I must admit, having a weekly pay has its perks. You get paid weekly and can solve minor emergencies as they arise and if you’re prudent enough, still have some left over for some savings.

People say monthly like me, since monthly bills are like the common stuff to worry about when dealing with our finances. I believe other people are talking about yearly when it comes to filing taxes and I have observed that mostly in 1st world countries. Here in my country which is a third world country, carefully observes "monthly" pay if that can sustain monthly needs as well as if there's still plenty of room or an overhead for luxury.

And you're right that you'll get pwned by inflation, the later you get paid. Transportation to work these days are already pain in the ass.

I think weekly income is certainly better than monthly, there will be many benefits that we can get if we get a weekly salary, for example we can use for investment or other businesses, and I think the percentage is better and fair than a fixed salary, usually if we get a percentage of salary then it depends with the quality and ability of our work.

For the weekly vs monthly payment, I say bi-weekly. This will minimize the paper works (payroll work) but will also convenient for your employees. Works best for any business.



Can I choose both? Base pay with commission! The base pay makes you keep your employee since they know that they have stable income while the commission/percentage earnings is for keeping them "highly" motivated. People I know from ecommerce and real estate business follow that salary package.

My financial manager is not very good so I personally prefer to be paid with a weekly system where it is easier for me to calculate expenses in one day. and I can pay bills faster and can still save every month. but everyone has their own opinion, that's why I prefer weekly over monthly

Why not then think about receiving payment every minute or second? That will completely minimize inflation "pwnage". What about those who hold or save? If they want to buy, lets say a 2 weeks vacation, what should they do? Earn that amount daily? Cant imagine what job should it be to earn so much.

It is good that you can be your own boss and get paid daily. Do you work alone or have a colleagues or a team? I am not trying to offend you, but the job you do perhaps isnt hard or require special skills or technology. Paid daily = work must be done in 1 day. Right ? And you are most likely paid in cash. Is your work seasonal or influenced highly by demand? What about the situation when you have no work to do today? You earn zero that day? That is why I prefer monthly payment. There are days when you work little, but still receive regular payment.

It seems you are short minded for this world and only concerned with money to continue to be able to live in the future. sometimes it's so human that you will never be satisfied with all of this. What you say is the dream of many people to be able to calmly pay their monthly debts but life is not just making money friends.

Lucky for you who have business, but for us employees, we have a hard time budgeting our money and also finding the best time to be paid so that we can budget it and have it last us until payday. I don't know how you'd pay your employees, but I am hoping that you are taking care of them so that no matter whether you pay them weekly or monthly, they are happy since their salary is enough. Also, imagine paying your employees hourly. How would you do the paper work, lol? Unless you don't do any paperwork and just pay them out of your pocket and you're not tracking your expenses in your business.

Not everyone can be a boss or have a business of their own like you. When it comes to money, everyone wants to have a lot of money, and if they get a wish, people will want to receive it every second, not wait for hours and months to receive it. But when you're just an employee, you can't decide that.

I don't care when I will get my salary, what I care about is how much I earn. If it's a very high salary, 10 times other people's income, I'm willing to take it quarterly or annually.

Not all companies that pay workers use a weekly pattern, in the area where I live more jobs are paid monthly, but actually the weekly and monthly salaries are not much different because they follow the UMP from the government. In our place, if you prefer weekly salary then unskilled labor is an option (Bare Labor), as most companies use monthly salary format.

If given a choice, I would like to know in advance what kind of work contract will be paid using a weekly and monthly pattern, because as I said before, most companies do not use a salary payment pattern using a weekly format. To be honest, people choose a job not solely because of the weekly or monthly salary, but rather the comfort level and annual contract provided by one of the companies where they work.

if in this type of work in a company then I actually prefer a salary system that is paid monthly. and maybe because I'm used to such a salary system.
in monthly paydays and even every payday we can see details such as deductions, allowances, bonuses, basic salary in the details of the payroll (payroll). and because we have a fixed salary so we can manage finances quite easily for each month.

but if it's about the type of side job then the weekly pay is much better. because usually the money from the salary of a side job is used to meet daily needs which sometimes we need at any time. or to meet the cost needs of a hobby.

and just knowledge that even in the monthly salary system within the company there are certain different methods.

for example :
1). gross method (the company pays gross salaries to its employees without deducting taxes/health insurance and so on)
2). gross up method (company pays gross salary + additional salary to pay taxes/health insurance and so on).
3). Net method (the salary received by employees in this method is the net salary, that is, the salary received by the employee has already been deducted by the company for taxes and health insurance and so on)

and the third method is the most widely used by factories and large companies. while methods 1 and 2 are usually used more by freelance daily workers or in small companies or restaurants, department stores and so on.
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