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Author Topic: Monthly or weekly pay? Fixed or percentage earning? what is your prefrence.  (Read 954 times)
Unbunplease
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February 05, 2023, 09:52:11 PM
 #81

I personally think that a weekly pay is better. why? it gives more space for maneuver. for example, to quit your job, you do not have to wait a whole month. it is also easier to plan the budget, payment of loans (loans are evil, but sometimes you need them).
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February 05, 2023, 11:13:50 PM
 #82

      To the people who work that their salary is not enough, in reality, they would prefer the weekly salary, why? so that they don't get into debt, because if their salary is paid monthly, their debt will surely accumulate.

Then for others, the monthly salary is okay with them, that's because their salary is big and they can budget their salary anyway.

There are very few people who work either weekly or monthly and would admit or agree that their salary is enough. I don’t think people who work monthly would prefer to be paid weekly just so that they wouldn’t go into debt.

You would always incur debts of you aren’t prudent and are careless with the way you spend your funds irrespective of the way and manner you earn.
Strict budgeting of your income would help keep you safe so whether you earn daily, weekly or monthly, you would be safe and free from debts.



Correct! if you know how to handle your budget and you are good in managing your finances, it will be possible to keep your salary be enough to your daily needs, either it came from weekly or monthly base, as long as you have good management you can continue to survive, regarding to fixed or percentages, there are different opinions and how it will be take by different people, whatever it is as long that you are comfortable and you are able to support your needs then it's still good to proceed.

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February 06, 2023, 02:58:47 AM
 #83

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.



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)

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.



because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job

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February 06, 2023, 03:45:23 AM
 #84

I prefer weekly payment, because it will help me to tackle some family issues at the moment compared to monthly payment which will take a long time before the money will come and by then the family has pass through a lot of things in the house. Whenever I got a job and the employer prefer to pay me weekly, it make me feel good and hard working with the employer because it make me not to experience any challenges from my family. Since inflation is still affecting my country and the cost of commodities is increasing every day in the country, I think the weekly payment will help humanity to sustain till the government find solution to the inflation.

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February 06, 2023, 05:11:26 AM
 #85

I personally think that a weekly pay is better. why? it gives more space for maneuver. for example, to quit your job, you do not have to wait a whole month. it is also easier to plan the budget, payment of loans (loans are evil, but sometimes you need them).
It is true a weekly payment gives more flexibility to the employee but at the same time if I had to pick between a weekly pay or a monthly pay but with a higher salary I will pick the latter as fast as I could, and I doubt I am alone on this, after all a higher pay also gives more flexibility as you will be able to save more money each month and in the case of an emergency you can use those funds to sustain yourself until you get paid again at your job.
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February 06, 2023, 05:34:24 AM
 #86

I prefer to receive a weekly salary because, in addition to my main job, I am an investor, and as an investor, I always need to have a flexible source of capital when the market fluctuates, there will be many profit opportunities. I am working for a monthly salary, and it makes me quite inconvenient to pay bills as well as invest when bitcoin drops suddenly, I have no money to buy but have to wait until the end of the month.
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February 06, 2023, 05:42:22 AM
 #87

Fixed weekly salary. A month is too long for me, and I don't want to in a position where I would be out of money at the last week of the month starving to death.
Then, for emergency purposes. What if at that last week of the month or in the middle of it something unexpected happens? Position where you lack resources to get some money or a loan.
Also, I have this mindset where I get stressed if I am on the point of having just spare amount in my wallet. I don't like that kind of emotion so I am better off at weekly salary or bi-weekly can also be tolerated.
I don't like that percentage salary too, like you said there's a point where there will be no work which means no pay too.
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February 06, 2023, 06:04:06 AM
 #88

In my case monthly, although I wouldn't mind weekly, although the weekly payment tends to appeal more to those who don't manage their finances well.

Regarding the second part, I prefer a fixed part and a variable part, so that I have the fixed expenses covered even if bad times come and I keep that part of variability that in good time can give great benefits.

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February 06, 2023, 07:13:52 AM
 #89

because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job
It seems that it would be even better if you are paid weekly through your job because those of you who already have a family will always need money every day to live and for every need that you use every month. So I think it's much better than you being paid monthly even though the monthly salary won't be so bad for those of you who are already married.

But you can make your own calculations when you are paid monthly and when you are paid weekly, because it will be easier for you to manage your finances when you get paid four times a month. And this will obviously really help you in moving anything, including moving your investment for the future and keeping your savings and your family healthy.

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February 06, 2023, 08:05:47 AM
 #90

because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job
It seems that it would be even better if you are paid weekly through your job because those of you who already have a family will always need money every day to live and for every need that you use every month. So I think it's much better than you being paid monthly even though the monthly salary won't be so bad for those of you who are already married.

But you can make your own calculations when you are paid monthly and when you are paid weekly, because it will be easier for you to manage your finances when you get paid four times a month. And this will obviously really help you in moving anything, including moving your investment for the future and keeping your savings and your family healthy.
the most important thing is that there is a calculation for managing finances regardless of weekly or monthly salary, even I think even if the daily salary can be sufficient if you can manage it properly.
In my opinion, the weekly or monthly salary is the same, what affects it is that the remaining amount is up to each of them to manage it properly.
I still live alone and currently I get a weekly salary, and before that I also got a monthly salary so because I have experienced both so I don't think there is a big influence on it.


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February 06, 2023, 08:18:25 AM
 #91

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.



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)

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.


I prefer weekly fixed pay. As you mentioned, there are several types of people. I prefer weekly pay as it's a lot easier to plan my expenses this way, you receive your remuneration faster and more regularly, you don't have to wait till the end of the month. Fixed pay is more stable, easier to plan expenses and you can count on a certain amount every time.  Cool
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February 06, 2023, 08:21:29 AM
 #92

because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job
It seems that it would be even better if you are paid weekly through your job because those of you who already have a family will always need money every day to live and for every need that you use every month. So I think it's much better than you being paid monthly even though the monthly salary won't be so bad for those of you who are already married.

But you can make your own calculations when you are paid monthly and when you are paid weekly, because it will be easier for you to manage your finances when you get paid four times a month. And this will obviously really help you in moving anything, including moving your investment for the future and keeping your savings and your family healthy.
the most important thing is that there is a calculation for managing finances regardless of weekly or monthly salary, even I think even if the daily salary can be sufficient if you can manage it properly.
In my opinion, the weekly or monthly salary is the same, what affects it is that the remaining amount is up to each of them to manage it properly.
I still live alone and currently I get a weekly salary, and before that I also got a monthly salary so because I have experienced both so I don't think there is a big influence on it.


You are just living alone, which is why you think it is almost the same. This was also my thought before, and I was thinking it was better to have a daily or weekly income so that I could spend it on things, and also because it would teach you to save to buy those things. But the problem is that you are only earning a small amount, so it is just enough for yourself. But since I have family now, I would say it is still good to be paid weekly, but I do prefer most to be paid monthly as you need to spend more money on something, and also don't want to grocery every week. But we have our own preferences, which I respect as well as yours.
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February 06, 2023, 08:25:37 AM
 #93

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.



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)

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.


I prefer weekly fixed pay. As you mentioned, there are several types of people. I prefer weekly pay as it's a lot easier to plan my expenses this way, you receive your remuneration faster and more regularly, you don't have to wait till the end of the month. Fixed pay is more stable, easier to plan expenses and you can count on a certain amount every time.  Cool
I don't agree with what you said assuming you are been paid $20,000 a month and weekly pay is $5000 can you use $5000 for a week and be contented? It's better to get $20,000 monthly so you can plan how to use it before the month runoff.
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February 06, 2023, 08:37:40 AM
 #94

I prefer weekly payment, because it will help me to tackle some family issues at the moment compared to monthly payment which will take a long time before the money will come and by then the family has pass through a lot of things in the house. Whenever I got a job and the employer prefer to pay me weekly, it make me feel good and hard working with the employer because it make me not to experience any challenges from my family. Since inflation is still affecting my country and the cost of commodities is increasing every day in the country, I think the weekly payment will help humanity to sustain till the government find solution to the inflation.

Are you making things more serious? I don't think receiving a monthly salary will cause someone to have to sell some household items to cover monthly expenses. And I also don't think inflation will be relevant here, whether you get a monthly or weekly salary, your salary won't change, it stays the same. If you have a spending plan, there should be no problem. Most jobs these days are paid by the month, and I don't blame anyone for getting a monthly salary for economic hardship because of inflation or having to sell household items.

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Iroh
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February 06, 2023, 09:52:22 AM
 #95

I personally think that a weekly pay is better. why? it gives more space for maneuver. for example, to quit your job, you do not have to wait a whole month. it is also easier to plan the budget, payment of loans (loans are evil, but sometimes you need them).

A weekly pay does gives you some room for maneuvering as you could quit and walk out of your job at any time after collecting your paycheck for the week.
But I think a monthly pay is more better and quite easier to budget than having a weekly paycheck. With a monthly paycheck, you could easily budget your pay towards your expenses and with a good budget, you could service some loans and still actually have some money to put towards savings left afterwards.
While you are more likely to spend your weekly paycheck as they arrive knowing you’re gonna get paid again in about seven days.
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February 07, 2023, 08:28:31 PM
 #96

I would prefer the monthly pay which would also be accompanied by numerous benefits, sincerely it all depends on our needs and wants at one point or the other; lately I have disciplined myself spending-wise in such a way that I would rather look away from enticing and materialistic items and shoppings that might exhaust my money in a twinkle of an eye. There was a particular time I went on a shopping trip and I ended up buying quite a lot of items that I didn’t even need at that point in time, I actually bought them because I came across them at the mall and I got carried away by greediness. Then, I was earning weekly and I was quite rest-assured that I would be getting yet another payment the following Friday. To me, it wasn’t encouraging and I wasn’t disciplined enough in my spendings and other surrounding financial budget. It was when I switched my jobs and started getting paid monthly, which is a fixed earning for me, I got to sit up tight financially, I started having enough savings for myself and other upkeep. Also, I ensure that I spend in such a way that I won’t go broke before the next month salary comes in which was part of the plan and discipline I set aside for myself budget-wise. It all depends on our choices and our individual responsibilities which is a defining factor for settling for either a monthly pay or weekly.
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February 07, 2023, 08:52:47 PM
 #97

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 remember the stories from my grandfather who used to tell me that he got paid weekly. Every Friday he received his paycheck in cash and when he was younger before meeting my grandmother, it was really hard to not spend all his money in a few days. It was a different time back then and only after my grandmother took over managing all the family finances, they started saving money. Today it's very different in my country, all the people I know are getting paid monthly and getting paid in cash is very uncommon. That's why I have never thought about getting money each week. If I had to choose I would probably stick to my monthly paycheck. Its better to plan each month ahead and use a fixed percentage to save. All the bills I habe to pay are either monthly or quarterly. That's why it's best to pay the bills when the money gets in. This way I make sure that there I don't spend too much money on unnecessary things.
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February 07, 2023, 09:54:27 PM
 #98

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.



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)

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.




When I was younger it felt like there was an urgency to get more money and soon as possible, so weekly pay would have been a big bonus. Especially when you're wanting to go out every weekend and have exciting adventures or just hitting the clubs. However it can make accruing bigger sums harder unless you have a lot of discipline. If you're in a monthly pay job, it can be a bit trickier when you blow a lot of your money early on, until you adjust to a lifestyle that involves budgeting or you're making a decent sum of money that allows for a buffer to build up. These days, with a small financial safety net established, it's probably more preferable to get paid monthly as it can coincide with a lot of bills.

R


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February 07, 2023, 10:07:33 PM
 #99

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)
If this is a regular job, I will prefer to give or ask for the monthly salary. However if I were the owner of the business and this is a starting-up business, a monthly salary may be better and safer. I mean safer is that we can ensure that the workers are at least working in our place a month later. I have a bad experience when paying them weekly, after getting the salary, he was lost and never back again to the job, even it was not 1 month working. So, I needed to seek new workers again and again. If we are giving the monthly salary, we can also give any bonuses based on the evaluation during the month, it will be much better than doing it weekly because sometimes it is not really seen.

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February 08, 2023, 02:56:42 PM
 #100

I personally think that a weekly pay is better. why? it gives more space for maneuver. for example, to quit your job, you do not have to wait a whole month. it is also easier to plan the budget, payment of loans (loans are evil, but sometimes you need them).
It is true a weekly payment gives more flexibility to the employee but at the same time if I had to pick between a weekly pay or a monthly pay but with a higher salary I will pick the latter as fast as I could, and I doubt I am alone on this, after all a higher pay also gives more flexibility as you will be able to save more money each month and in the case of an emergency you can use those funds to sustain yourself until you get paid again at your job.

You will be able to budget your finances and if you are good in limiting your expenses you can save a lot if you have a good salary in a montlhy basis, it's more on how you foresaw the future of your expenses, but doing the right thing in managing your finances and thinking about how you can save will let you have a much better and secure lifestyle, monthly basis with high salaries is good though if there's other options which you can also consider it's better to be good in adjusting in any possible ways.

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