Eve Narlieth wrote: The_Redback wrote:
Mavryk wrote:Question... Do you get once a month? Or do you buy the pizza on the corresponding payday? Just curious as I've had jobs that paid weekly and fortnightly, but monthly sounds horrid lol
I got monthly pay at one job I had, hated it.
Is that not common in your line of work? I wouldn't like weekly salaries, I find it easier to plan with monthly salaries
Might fall foul of how many quotes inside quotes you can do (a quote inception if you will), but yeah getting paid a salary on a monthly basis is the norm here. I get paid monthly, so we know which week of the month we both get paid in, so every third week of a month we get pizza.
I have a spreadsheet which keeps tracks of my finances - so much easier to help budgeting.
So you have your fixed monthly outgoings (which don't change month to month, big things like rent/mortgage) and you take that away from your monthly income. Then you have a number that you'd like to put into a savings account. That leaves you with an amount of your 'monthly disposable budget' that you have to spend on food, fuel and anything else you want to buy (games, clothes, books, going out etc). So on my spreadsheets I can forecast at the start of the month if there's anything extra I can put into my savings. Then at the end of the month, you can see if there's anything left over from your 'monthly disposable budget' to top up the savings account.Yes, it's all exceedingly boring
- but it lets you quickly know whether you can afford to make that impulse purchase - and what bearing it has on your savings, knowing that it's not going to impact the money you put aside for your fixed outgoings.
Plus, once you know how much money on average can go into a savings account, you can extrapolate that to see how you savings will grow in the coming months. Makes thing so much easier to gauge how long it would take to 'save up' for a big purchase.