Monthly or weekly pay? Fixed or percentage earning? what is your prefrence.

[WatChe]

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.

Companies offer pay package that suits them not the other way round. The country where I live people are paid on monthly basis. There are very few companies that share there profit with there employees majority of companies these days offer fixed pay package.
If I have to choose between monthly or weekly packages, I will go with monthly since that's how the complete ecosystem works. Fixed pay is the best option if you have to do a job. If you are thinking big go for your own business.

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[isaac_clarke22]

Most of them started with nothing till they get to the top.

Well I am not making up excuses though. It's just the reality. I gotta start somewhere first. I attempted to build my freelancing business in Upwork before my corporate job and not a single soul wants to buy my services since I still do not have the experience to do such thing. I stopped freelancing around 2017 since it was just not working out after I spent all my Connects for proposals then pursued a corporate job outside my town then gained some experience in Software Dev. Few years ahead, no need to tell stories on my specific experiences there, I just quit my corporate job and "restarted" doing my freelancing business at Upwork and oh boy, the invitations were overwhelming at the second week.

Just because it was done by other people like even those college dropouts or started from "nothing", does not mean it is doable by everyone. Those people that went big in their businesses sharing their story surely does not tell all the whole story. Surely most of them got lucky and surely most of them got connections to advertise or help their business and they just don't want to admit it. Not everyone has the same connection/network or even luck.

I would say, take at least a calculated risk. I know the point you're trying to across, but it is just not falling in the same place at the same time for everyone.

[panganib999]

There are pros and cons to both. Incidentally, most people who have been accustomed to the pay nature of a regular 9-5 would prefer the consistent pay compared to percentage earnings. For reference I listed down the pros and cons of each options, and why they both appeal to the public.

Weekly Pay Pros

• Consistent dependable pay

Weekly Pay Cons

• Insinuates the habit of spending, since "you can always depend on next week's pay anyway"
• Will activate a positive feedback cycle on your psyche that will disable you from every being able to save money
• Is mostly used by corporations to trap their employees to live paycheck to paycheck

Monthly Pay Pros

• Large enough to encourage spending
• Inspires the habit of saving money

Monthly Pay Cons

• Is not as dependable as a weekly paycheck
• Will probably not work for first-time employees since they heavily depend on a consistent and regular pay

Fixed Pay Grade Pros

• Salary deductions are easily trackable
• dependable and regular

Fixed Pay Cons

• No opportunity for growth, since salary will stay the same throughout your career
• Is unreliable against inflation

Percentage/Commission Pay Pros

• High enough to help you save
• Is probably the best way to get paid

Percentage/Commission Pay Cons

• Highly dependent upon one's efforts and sales skills
• Not as reliable as fixed salary, lack of sales means lack of pay

In any case, As a freelancer I would remain choosing commissions-based pay, since with consistent effort and trust from your clients, you can easily make a living and have savings to boot in this industry, however, it is something that I would not recommend for everyone, especially ones that seek to be employed in order to pay off debts, get by on a daily basis, or to support their families. It is not reliable enough to perform and offer all those three, plus it takes experience and some confidence to break away from the 9-5 cycle in order to be successful here. So I suggest people who aspire to freelance to gather up experience and years first, before jumping into this industry, and wishing for commission-based payments.

[AnonBitCoiner]

In our country the government job provides income on monthly basis and there are some private job which also offer monthly based salary, so according to rules and regulation If a person leave its job for single day without any solid reason then there is cutting of salary for one day.

Monthly based salary will be preferable because in such type of salary month can spend easily and in large sum of month work can do which cannot be done in minimum sum of week. In our country individuals work for part time instead of monthly salary to make their life easy and to complete their wishes.

[Uruhara]

In any case, As a freelancer I would remain choosing commissions-based pay, since with consistent effort and trust from your clients, you can easily make a living and have savings to boot in this industry, however, it is something that I would not recommend for everyone, especially ones that seek to be employed in order to pay off debts, get by on a daily basis, or to support their families. It is not reliable enough to perform and offer all those three, plus it takes experience and some confidence to break away from the 9-5 cycle in order to be successful here. So I suggest people who aspire to freelance to gather up experience and years first, before jumping into this industry, and wishing for commission-based payments.

I really like what you have conveyed in your writing. and the advice you say is also very reasonable and seems to be reliable. Becoming a Freelancer is indeed not as easy as imagined by people who have not tried it. Because Freelancers are required to work harder and continue to develop themselves so they can have more income. it takes patience and tenacity. but on the one hand this work also offers freedom. but indeed not everyone can do this type of work and pay. it takes a mentality that is strong enough also in this job.

[Mozzart]

Indeed in many countries,most people receive a salary once a month and many are used to it and agree with it.I work as a freelancer and get paid only for the work done and I like it that you don’t have to wait long but you pay immediately for the result.But still the salary once a month has advantages,since it is easier to plan your budget.

[panganib999]

In any case, As a freelancer I would remain choosing commissions-based pay, since with consistent effort and trust from your clients, you can easily make a living and have savings to boot in this industry, however, it is something that I would not recommend for everyone, especially ones that seek to be employed in order to pay off debts, get by on a daily basis, or to support their families. It is not reliable enough to perform and offer all those three, plus it takes experience and some confidence to break away from the 9-5 cycle in order to be successful here. So I suggest people who aspire to freelance to gather up experience and years first, before jumping into this industry, and wishing for commission-based payments.

I really like what you have conveyed in your writing. and the advice you say is also very reasonable and seems to be reliable. Becoming a Freelancer is indeed not as easy as imagined by people who have not tried it. Because Freelancers are required to work harder and continue to develop themselves so they can have more income. it takes patience and tenacity. but on the one hand this work also offers freedom. but indeed not everyone can do this type of work and pay. it takes a mentality that is strong enough also in this job.

Well, what I wrote about pretty much comes from experience really. I've been stuck in this deadend job at a call center for a good while, and while in there I relished about the times that I could enjoy my life without being dependent on if my leaves will be permitted. This drove me to take on freelancing, and I shit you not was it one of the worst and the best decisions of my life. It took me more or less a year to build reputation and gain consistent stream of clients since the services I offer aren't what you would consider an essential in the corporate setting. So I pretty much had to live most of my early freelancing days on instant ramen and baked mac and cheese if I feel like balling a little. Til then things just got a little easier for me, and it has led me to this freedom and financial capacity that I currently enjoy.

[Lanatsa]

Indeed in many countries,most people receive a salary once a month and many are used to it and agree with it.I work as a freelancer and get paid only for the work done and I like it that you don’t have to wait long but you pay immediately for the result.But still the salary once a month has advantages,since it is easier to plan your budget.

When it comes to budgeting then it would really be that much difference whether you are really that receiving your salary on monthly or weekly or every 15 days.It wont matter because if you do have a budget

plan then it would really be still depending on you whether you are really that following that or not.If you are receiving your pay on early basis then it is really just that understandable on what are your priorities
or bills need up to be paid.It is really just all the same, the only difference on here is that on the time that you are receiving your salary on early durations is that you could really pay up something on time or in advance or when you do have money then you could also pull it off in case you do need it compared when you are just waiting for a month before you could grab it out but well it does have its pro's and
con's too but it would be totally depending on how someone would manage out their finances when it comes to this.It is really just that someones preference or people doesnt really
have any choice when their employer does have that kind of set up.

[blockman]

Indeed in many countries,most people receive a salary once a month and many are used to it and agree with it.I work as a freelancer and get paid only for the work done and I like it that you don’t have to wait long but you pay immediately for the result.

You are an output-based worker and you've got more free time for yourself, your family, and other hobbies that you want to do.

But still the salary once a month has advantages,since it is easier to plan your budget.

That's the advantage of having a fixed salary per month or bi-weekly. You know your budget and you know where you should spend first what you've got.
Although there's a limit to your income, if you're used to your job and you can still do some other things, you can look for a 2nd job or 3rd depending on where you live, and spend those time of yours wisely to an income generated part-time job and it's such a jackpot if you're earning it through your passion.
Negotiations are only at the beginning and there will be some reviews maybe after 6 months that's the only way you'll increase your wage depending on your company's capacity.

[kawetsriyanto]

If I can get a weekly payment, I prefer a weekly payment. It will be easier to manage my financial cash flow. I also won't spend much money because I get a smaller payment if it is paid for weekly. While if it is paid monthly, the amount of money will be bigger, there is a chance to spend the money faster. I'm a bit worried about being more extravagant. 

However, in most cases, we can't determine whether to get a weekly payment or a monthly payment. Commonly, we get a monthly payment and that is the standard payroll time in my country. A weekly payment makes the company busier, so it will be more efficient to give the payment weekly.

[isaac_clarke22]

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It's usually cost less to just run the payroll monthly and that is why many companies preferred that instead. If you're budgeting your money just really well, you're going to be more than okay in just monthly payment unless of course it is underpay which is a matter of another discussion.

Bills and other payments that needs to be paid comes into my mind at first when I tend to earn my paycheck since I know that it will bite me in the ass at the end.