Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 3. (Read 954 times)

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.
(reference)

The best type of payment structure will depend on an individual's personal financial situation and preferences, as well as the type of work they do. Some may prefer the stability of a fixed salary, while others may be willing to take on the risk of a percentage-based earning structure in exchange for the potential for higher earnings, just as you mentioned.

For me, I choose fixed monthly income. I know I will get to the end and not have to worry about it much. Also, that way I can make a perfect plan for my spending and do it correctly. With weekly payments, it's hard to do that.

The answer is "daily."

That's why I don't work for somebody. I do my own business and I get paid daily because I work every day. Why would anybody say "monthly" anyway? What about "yearly"?

The idea is, the more you wait to get paid, the more you get pwned by the inflation. Why would you agree to wait to get paid while everything goes up in price? The sooner you get paid, the better.

If "daily" isn't enough, try "hourly".

It turns out that the frequency of remuneration is an individual value, which depends on the self-discipline of each person. It is best to try to plan a budget for three months ahead. This gives an understanding of how much will be spent in the near future, protection against spontaneous purchases. If you accustom yourself to this view of spending and the budget, then the monthly salary will be acceptable. I also advise you to write down all your expenses, this gives you an understanding of how much to spend per month at all. And for which things.

It depends on situation to situation and we cannot say that the fixed pay job is better or a percentage based job is better. For example if your fixed pay is a good amount then for sure this may be a better option. Also the fix pay grantee is the certain amount in your bank account on monthly basis which give you a piece of mind.
However sometimes the percentage based job can be more attractive as the more you work the more you can increase your income. However , there is no income granted in case your unable to find relevant work the percentage will go down as well.

From an employee's point of view, a fixed monthly salary would be more convenient. If the salary is weekly, we might think about using the money faster that week and it doesn't feel like in a month we have almost no savings. And if the salary is a presentation of the work we do, it's like forcing us to work beyond the company's targets.

Everybody wants to live a comfortable lifestyle with having to stress yourselves going to work and getting out of work. We want to work and get paid as soon as possible without any delay because there might be some bills and might be waiting for such money. If we will have to wait for a month, that would really stress us mostly when there is no money to pay bills.

I will always prefer getting paid weekly so I can always attent to my problems at the right time, without having to wait for a month before getting things solved.

In the year 2022, the company I work for voted to experiment with salary payments every 1/2 months.  It is a favorite experience for me, the salary every 2 weeks helps me to control my living expenses and regulate it accordingly.  Unfortunately after a 3 month trial, a vote was made and finally returned to the monthly salary.  Nowadays, all types of businesses apply basic salary that increases according to sales performance and targets, I like this job.  It creates great momentum.

Weekly pay is my preferred payment for I will be able to buy all my necessities for a week and I will also be able to cope with the expenses. Dividing my weekly salary for my expences and savings will never be a problem if I will receive the right amount of salary after a few days.
I also prefer a fixed amount of payment so there will be a guarantee that I could receive a salary with or without workload without worrying to reach a target quota. Percentage earning will be a risk especially if our job needs a target number of workload to reach.

It will depend on how we managed our finances, some allotted their 1st week payment for food budget, then their other weeks is for bills and etc. Though in bounties or crypto works, It is better to be in weekly payment since we're not sure whether the companies will pay but in actual physical jobs I will not mind if it's monthly or weekly as long as I was able to budget it. Though at this times I prefer to have more jobs and sidelines that will allow me to withdraw anytime like doing online selling or small businesses.

I would prefer a job with weekly pay. If suddenly the Earth stops at the end of the month and I haven't received my paycheck yet, I'll be upset. I like the weekly model better than the monthly one. Completed 1 milestone (1 week) - received payment, completed one more - received again. In principle, the final amount per month will be the same, but this way the money will always be at hand in case of urgent need. So more comfortable.

I like the option: part of the salary is paid in a fixed amount, and part - % of the work performed. So there will always be a guaranteed amount, but at the same time there will be an incentive to be active. A completely different question is what will be the fixed amount and what % of the reward. Here it is already necessary to look specifically at the situation.

You are not greedy, and I don't care too much about getting paid weekly or monthly, what I care about is having a job that pays well and has multiple sources of income as best. Once we have multiple sources of income or a high salary, then we won't need to worry about running out of money or paying our monthly bills because we always have money.

Having 2 incomes every week and once a month is a very good thing, if I can choose to be able to earn both of these salaries. although this sounds greedy but it is humane. humans will never feel satisfied with what they have every year. sometimes wonder about it but that's the reality of the world.

Why do you consider things that are only sufficient to live to be important? Even though everyone is always trying to get more than that so they can have better development in their life and if you only think about commissions that are only enough to live on. I think it will always be difficult for you to get more things to be rich, because you only think about income that is sufficient for your life without wanting to think more than that.

From how you feel now, is your monthly salary just enough to live on? Because in terms of looking for a higher income of course it is not seen from the age that is still young or old. This is a very clear and logical thing that you can find in your own environment where everyone who works is of course because there is a motivation to be rich while still living in this world.

here in our jobs we are being paid monthly, it's not bad to have a salary month but I prefer it bi-weekly, I have encountered many things before that requires me to have a debt since our salary is monthly so no money in my pocket until I have salary. Many people have a bi-weekly salary some are weekly but it is few. Weekly is good, since we cannot predict unexpected things to happen.

That concept in terms of good money managements, accounting and allocating your finances in a monthly basis can be done accordingly, though still depends if how much money you are earning in terms of weekly basis, and how much is the percentage of your earnings, it also affects and justifiable if you can still save and still meets your needs, especially those who are earning a decent amount of money in a weekly and percentages base salaries.

This is a tricky question I must say, Weekly payment is sweet, and would be the immediate choice if I'm not given the time to think properly.
But based on my experience so far with Weekly payments, I would prefer a monthly payment, simply because, with weekly payments, it's very difficult to save, Infact, it will take a lot of effort to save, this is because you would spend money any how with the believe that by the end of the week, another pay would role in, and if for any reason, the pay stopped coming, it is then only would you realized how wasteful you've been all the period you were receiving weekly Payments.
So I prefer monthly.

Personally, I hate uncertainties, if the pay is good enough, then I would prefer a fixed monthly or weekly income, I wouldn't mind the days the workload would be much, atleast, it automatically balances out with the days the workload was or is lesser than expected.

But in the case where the pay is not good for me, then I prefer a contract where the company pays me a certain percentage for every tasks I complete, I will work my butt off to make sure I earn a good amount of money, and in the days where there are no jobs to do, I will take that as an opportunity to give myself enough rest, or maybe look for other stuff to do by the side.

Fixed monthly salary,
To be honest here I am receiving my salary every 15th and end of the month and due to that kind of payment, I tend to spend more because I know that my salary would just take a couple of days.
I don't manage my Salary that well and have small saving because of it.
I just feel that if it would be monthly I would pay more attention on how I spend it.
But of course it is all up to us on how we manage our money.

Actually there is no better or worse between monthly or weekly salary, it all depends on yourself which one is more suitable. But for me I prefer the monthly salary system because it's easy to practice and adjust to financial accounting which is usually once a month.

I prefer to be able to receive all the money each month and allocate it for various needs, including saving for the future. Because I can't work under pressure, so if I work with a weekly percentage salary it will be difficult for me because I have to reach the target.

This is all about choice, I can choose to have my paycheck handled to me weekly for some reason like early access to money before the end of the month to settle bills as you have said, and also counter emergency calls when there is a need but on the other hand, I prefer monthly payment because it can come in a bunch and I can use it wisely with a well draft scale of preference, I can't spend wisely with weekly payment and it will also be difficult to save with that method. If a company gives MOU to their workers, I will choose monthly, which will save me to cover emergency situations and home bills.



This particular one depends on the environment you work in, Contract staff are been treated as nothing, and they are underpaid, I do not want to see myself as a contract staff but a full time that guarantees full benefits.