From not getting paid to getting paid twice
By Matt - Thursday, January 17th, 2008
In my last post I talked about not getting paid when my paycheck was due and the impact that this had on my life. Yesterday I received my second pay in two days. I have now been paid in advance an extra pay. This wasn’t intentional but the reason that things were a little screwed up with my paycheck caused this problem as well. Now don’t get me wrong I am not complaining about the fact that I have more money. Its actually quite nice at the moment.
Getting a months worth of money does bring with its own challenges though. I am used to a standard pay which comes in every couple weeks. I plan most of my debt repayment and expenses around this. Having a sizable amount of money is never a problem but having to stretch it for a longer period is. I now have to make sure that the money I do have lasts the full length of time without running out.
The nice thing about the whole situation is the fact that my raise has kicked in. Its not as much as I would have liked but it is by no means bad. The way I am intending to tackle this problem is to make sure that I pay all of my necessary commitments up front. This will allow me breath a little easier if all of the upcoming payments are handled (especially the important ones such as the mortgage).
As with not getting paid on time getting extra money and then not getting paid for 4 weeks is yet another reminder that I need to ensure I stop living from paycheck to paycheck as quickly as possible.
This entry is filed under Debt, Financial Situation.
One Response to “From not getting paid to getting paid twice”
1 Coupon Fetcher says:
January 17th, 2008
at 12:31 pm
Interesting post. Reminds me of my wife’s situation, she is a teacher and she would opt to not get paid during the summer, which would make her paycheck the rest of the year larger. It forced her to budget to make sure she had enough money to get her thru the summer months. Personally, As a bad budgeter I would have opted to get paid all year long.
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