To be frank with you I prefer being paid monthly. Being paid weekly the chances of spending more is high because you just have to wait another week to get paid that's to say you spend more than you save, so your pay cheque is that useful to you, is all about spending.
Whenever you're being paid weekly,it only takes one to be discipline to save for a whole month to be able to pay some certain bills.Once you get your monthly pay, you can immediately save money for the bills to come and you can live with the money you have left.
Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence. - page 8. (Read 1050 times)
February 02, 2023, 08:47:08 PM
February 02, 2023, 06:03:23 PM
I'm currently on a monthly salary setup and IMO, it's way better than being on a weekly pay setup because you are somewhat forced to be on a budget and you really need to plan your finances if you don't want to go bust. It taught me how to save and how to allocate my money on things that I need. Also, a fixed income for me is favorable because I'm not really a performer in sales nor anything that requires me to meet quotas. I just do my job and that's it. Bonuses are welcome but I don't usually chase them. I'm fine with my salary and it helps me pay the bills and live extremely comfortable.
February 02, 2023, 05:38:02 PM
I run my own business so it’s a profit and loss game for me. If I were to be an employee, a monthly salary would be preferable. The most important thing is the bonuses attached to the job, many people make the mistake of not asking for these bonuses or negotiating their salaries before accepting a role in a company. Some employees don’t even ask for sign-on bonuses, they only ask about base pay. I think it is important to know the salary range people in similar roles receive and negotiate your salary accordingly.
February 02, 2023, 04:37:35 PM
There are two categories of people when it comes to the choice of when to receive payment for work. There is the category that prefers it be paid weekly so they can off set bills as they come so they do not become a burden, while there is the category that prefers it monthly so they can plan well for the month.
With my current condition, I prefer to choose fixed payment. I ma not working in the companies with the target. A fixed salary for monthly is fair enough for me right now because at least I have the wage to fulfill my needs. Btw, the need for salary will probably change in the future. But now, I really prefer the fixed salary, except that the option is for the side-job, I will possibly choose the percentage to earn more money. The fact is that before deciding on the percentage payment, I think we need to consider how profitable the percentage, is and how to develop the business so we will not regret taking the percentage payment. 
February 02, 2023, 04:34:52 PM
I used to get paid weekly, and it was not as good as monthly, because with monthly you get a whole together money and you can calculate how much you should be spending that month, whereas with weekly, you could spend your weekly amount to survive, but its always a tricky situation to calculate the bills and unexpected ones. Fixed is also a lot better, because that way I know what I am going to earn, and that way I could make calculations based on how much money I should be spending, otherwise it becomes a tough situation and I rarely could calculate the percentage I will be getting, too much risk.
February 02, 2023, 04:26:42 PM
Between weekly pay and monthly pay the one I prefer is weekly pay. Multipay makes you weak and lazy but weekly pay makes the blood run in vein. You're always up and going you have no time to feel unmotivated all demoralised. Your mind is always on the next tax on the next gig on the next hustle. And here you know that what you work for is what you get paid for. I like it especially as a young person who has the energy.
February 02, 2023, 03:49:03 PM
If i do ever had the option then i would go with bi-weekly or weekly on which it is true that you might be getting less or in fraction of your salary but we know that we do have different situations in life which we might
need up some money on that particular point.We do have different due dates when it comes to bills and other payments which it would be entirely be messed up if you do receive your salary on monthly basis.
So this is situational because some preferred weekly and some preferred monthly to recieve a huge amount.For type of job then it would be preferring on fix rather than on having
contracts or whatsoeve, yes it does give out big potential profit or income but its not always that stable.
need up some money on that particular point.We do have different due dates when it comes to bills and other payments which it would be entirely be messed up if you do receive your salary on monthly basis.
So this is situational because some preferred weekly and some preferred monthly to recieve a huge amount.For type of job then it would be preferring on fix rather than on having
contracts or whatsoeve, yes it does give out big potential profit or income but its not always that stable.
February 02, 2023, 03:44:59 PM
As regards monthly or weekly pay, I do believe it depends on an individual. The discipline is what counts. To save a fraction is the goal, it shouldn't matter if it is done weekly or monthly. If you can save some part till the end of the month, it is even more economically beneficial than waiting to be paid at months end and try to save. Where the beauty of salary pay is seen is when bonuses in form of HMO, wardrobe/car/house allowances and profit sharing is added at months ends.
On the other hand, working and earning by percentage is one sure way to double income as you earn as your energy carries, but when there is illness or fatigue it might be difficult to meet up. Whereas, fixed pay is fixed. It is what is always been, despite the workload being too heavy or too light.
I don't really care how an income is earned right now, as long as it is earned and I am not bothered or stressed to breaking point while working to earn.
On the other hand, working and earning by percentage is one sure way to double income as you earn as your energy carries, but when there is illness or fatigue it might be difficult to meet up. Whereas, fixed pay is fixed. It is what is always been, despite the workload being too heavy or too light.
I don't really care how an income is earned right now, as long as it is earned and I am not bothered or stressed to breaking point while working to earn.
February 02, 2023, 03:17:55 PM
Monthly pay please. Things are too tough and difficulty to right now to choose weekly pay that may not be consistent. I can't deal with that. Especially when you have dependents. Monthly pay, you are sure at it comes in come rainfall or sunshine and one may actually have the opportunity to do some side gigs. This is not the case with weekly pay that may consume your time and energy and give you no room to do other things. It is too risky in my opinion.
Weekly pay or monthly the two is the same because if it's weekly pay they will divide what you are meant to earn a month and give you and if it's monthly they will keep what they are meant to give you weekly for four weeks and give you, but weekly you can't really have a saving from weekly because it will not be enough for what you Wana use it fo, but for monthly you can actually save some parts of it and do other things.It's also depends on the individual whether weekly or monthly or annually if you did not make wise use of the money you won't achieve anything from it.
February 02, 2023, 11:01:54 AM
If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer.
I preferred to be paid monthly because it provides me the opportunity to save more and be disciplined on spending. The weekly wages makes someone like me to spend with the mindset that I would get paid the next week. But with monthly salary I sure know i would have to take care of some bills and if they don’t get taken care of it might be till next month.
Would you prefer to be a contract staff for a company that is being paid a certain percentage for every job delivered, or would you prefer a job with a fixed monthly or weekly income? (Give a reason for your answer aside the reason that will be stated)
Definitely a fixed salary is what I would prefer. It kind of self because even if the company runs into some loss I still get paid. I see people here talking about percentage payments, the problem with percentage payments is don’t know what next you’re getting paid. Sometimes one must have spend equivalent to the previous month or week Payment is only to be payed less. The advantage of percentage payment is the overtime payment that comes with it but there is also some bonuses that fixed payments enjoy also
February 02, 2023, 10:50:10 AM
Things are too tough and difficulty to right now to choose weekly pay that may not be consistent. I can't deal with that. Especially when you have dependents. Monthly pay, you are sure at it comes in come rainfall or sunshine and one may actually have the opportunity to do some side gigs. This is not the case with weekly pay that may consume your time and energy and give you no room to do other things. It is too risky in my opinion.
Why would weekly pay be less reliable and consistent than a monthly pay and consume more energy? As long as you have a secure job, it shouldn't matter to your employed whether they send you the salary salary on the weekly, bi-weekly or a monthly basis.Having said that, in my country monthly pay is a standard and since I got used to plan my expenditures that way, I wouldn't like to change it to a different schedule. And I prefer a fixed salary simply due stability. One thing I would like to see different though is if people in my country are aware of their gross salary because everyone here speaks only in net terms, just because so they know how much government acvtually takes from them.
February 02, 2023, 10:31:22 AM
Monthly pay please. Things are too tough and difficulty to right now to choose weekly pay that may not be consistent. I can't deal with that. Especially when you have dependents. Monthly pay, you are sure at it comes in come rainfall or sunshine and one may actually have the opportunity to do some side gigs. This is not the case with weekly pay that may consume your time and energy and give you no room to do other things. It is too risky in my opinion.
February 02, 2023, 10:29:03 AM
If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer.
In my country and tradition, low profile workers do get paid daily and higher-end executives do fix the salary per annum basis and will get paid monthly. Weekly salary is not in use here.If an employer is ready to pay me weekly and monthly then I am glad to get weekly salary on every week and monthly salary on every month, I will not have any objection.... lol; just kidding. When my bills are monthly basis, then I guess I should opt for monthly salary. I guess there is no commitment in my country for weekly so no weekly paying jobs as well but here fortunately bitcointalk campaigns are paying weekly basis (there were campaigns paid fortnight and monthly as well).
February 02, 2023, 10:24:45 AM
I don't really see the point of others about spending or saving money on a weekly or a monthly basis. How you'll manage your expenses will be the same no matter the method of payment.
I prefer weekly payment as a matter of protection from potential losses. I mean you'll have an idea sooner whether you will get or not when you're on a weekly payroll compared to those getting monthly. This option is particularly good for service contractors.
I prefer weekly payment as a matter of protection from potential losses. I mean you'll have an idea sooner whether you will get or not when you're on a weekly payroll compared to those getting monthly. This option is particularly good for service contractors.
February 02, 2023, 10:02:19 AM
A weekly paid job would be more sustainable and would be more reliable with stability of one's daily living. Monthly is what's common but often yields to the employee not being able to save because throughout the month, money is being consumed not unlike with weekly wherein an individual could save on every cut off for future purposes. In terms of fixed or percentage payment, I'd also stick with fixed one. But if is regarding bigger salary? Ofcourse percentage basis would make sky, the limit. Problem is to exert extra effort to generate bigger salary because it would be somehow an output based. If you won't have something to present then don't expect for a high return.
February 02, 2023, 09:21:36 AM
I haven never had weekly paid job. I have only experienced monthly pay and piecework. I prefer monthly pay. That is more convenient. We have monthly utility bills, usually monthly subscriptions and etc. With weekly pay, I find it more difficult to follow expenses, savings, planning with such payment graphs. I find it easier to spend all your money when you are paid weekly. Coz after all expenses are done, you end with a smaller amount, then with monthly payment minus expenses. Easier to take a decision to spend if you have 50 dollars left and few days before next pay, comparing when you have 1500 dollars and 3 more weeks until pay.
February 02, 2023, 08:31:24 AM
With percentage earnings, you can earn more and you will be very motivated to work, but the disadvantage will be when there is no job.
With Fixed earnings, you are sure of what to receive, but sometimes the workload you may encounter may be so much that the salary you are paid does not befit the work you put in.
An example of percentage earnings, would be commissions in sales. Unfortunately percentage based earnings are not inflation or recession protected assets. Rising fossil fuel, food costs and inflation can quickly diminish disposable income. Which results in decreasing sales across the board. Decreasing sales correlate with decreasing commissions. Making percentage based earnings less desirable under inflation and recession conditions.
Fixed earnings would probably be the more stable and high demand wage model for inflation and recession conditions. Sales, disposable income and consumer markets would likely plummet during this time. Which could make fixed earnings the better salary model for most.
Of course there are exceptions to this. Luxury items and markets catering to the wealthy would not be as affected by inflation or recession. Commission based sales in those markets could still remain viable.
Personally, I would rather be paid weekly than monthly. I'm not certain anyone would prefer to be paid on a monthly basis. Although I would be curious to know their reasons for it, if it were the case.
February 02, 2023, 08:25:15 AM
Weekly pay is always preferred because you can manage your expenses better and there is no chance of missing a payment because you get paid at the end of the month. Most companies like to pay monthly because its a reduction on the workload and expenses of their accountant. Most bills are converting to monthly because of this but I remember years ago it was always weekly pay and you always looked forward to pay day and would use that to go out. These days you have to manage your money more closely because you have to wait for the end of the month and then plan next months expenses to make sure you do not use all your money. Luckily I am past that stage in my life but I would hate to have monthly payments.
February 02, 2023, 08:19:53 AM
I think I will be going for a weekly pay, because my bills comes in everyday, from the transport, electricity, food, internet service and miscellaneous expenditure all comes in on a daily basis.
so weekly payment will help me plan and strategize myself on how to foot my bills on a weekly basis and keep up with my savings as against compounding them to 31 days which I believe as parents, it will be difficult to keep up with the day to day running of the family because wanting to wait till the end of 31 days before getting paid will leave you lagging behind with your bills.
sometimes because of the lengthy days, you must have borrowed from a friend to keep up with a sudden need, and that will make you struggle to keep up with a lot of things.
In terms of the job preference, I think I will go for a job with a fixed monthly or weekly income because it will help determined the scale of things I can budget for myself on a weekly or monthly basis.
If the work load is too much, at the long run I will apply for increase in wage.
so weekly payment will help me plan and strategize myself on how to foot my bills on a weekly basis and keep up with my savings as against compounding them to 31 days which I believe as parents, it will be difficult to keep up with the day to day running of the family because wanting to wait till the end of 31 days before getting paid will leave you lagging behind with your bills.
sometimes because of the lengthy days, you must have borrowed from a friend to keep up with a sudden need, and that will make you struggle to keep up with a lot of things.
In terms of the job preference, I think I will go for a job with a fixed monthly or weekly income because it will help determined the scale of things I can budget for myself on a weekly or monthly basis.
If the work load is too much, at the long run I will apply for increase in wage.
February 02, 2023, 08:07:02 AM
There are two categories of people when it comes to the choice of when to receive payment for work. There is the category that prefers it be paid weekly so they can off set bills as they come so they do not become a burden, while there is the category that prefers it monthly so they can plan well for the month.
If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer.
If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer.
Weekly payments from work are very rare right now, but I think most people want this, as we want money right away. Imagine you can receive it on a weekly basis, but I don't like being paid weekly; I prefer being paid every half of the month or a month long because you can save money and receive a big amount. Unlike on a weekly basis, on a monthly basis, you can really purchase things that you need using your bigger amount. I have also tried being paid every 15 days, which was also good, but the problem with this is how you will budget it with bills since it is not enough, so usually your end-of-month salary will be used for bills.
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