Paid last day of the month!
- Thread starter kai
- Start date
Council tax? Are you sure?
They didn't give any other option, and told me that the first is the only day that they will accept direct debits. The only other option is to pay in full quarterly or annually. These days the first is convenient for me, but it wasn't always so.Rent will be entirely up to the landlord, and/or the estate agents. Ours is the first of the month, no exceptions (you agree to this when signing the estate agents letting agreement).
Utility bills - I suppose it's possible.
... which assumes the person has enough spare cash to "set aside" rent and council tax bills from the previous month's bills.
When you're working your ass off to make ends meet, "setting aside" ~£1,000 is not always an option. Don't judge everyone by your current financial situation.
I used to work for a company which would try and swindle you out of overtime payments and such by "forgetting" to pay them. I'm not a "go the extra mile" kind of guy, when the clock hits I drop everything and leave, never work a second unpaid.
Subsequently documented all my hours, worked out all my tax, and every month made a very angry call to payroll.
Eventually I said to them, if it carries on I will go to the union and funnily enough they started to pay me properly then.
It's an extremely personal thing seeing as most pay runs will have a 2 week, if not a month delay before wages can be rectified or paid. A month without a paycheque could bankrupt some people, just from the knock on effect on their finances of borrowing or being late that month.
Are your bills variable? Most I know are fixed, which would allow you to work out disposable income quite easily.
Soldato
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In the line of work I do, you simply get paid at the end of every trip, one lump sum at the day rate for your rank for the number of days you were away, door to door. Might make things awkward when it comes to getting mortgages and so forth.
"What's your monthly income?"
"Er,......I don't technically have one"
"What's your monthly income?"
"Er,......I don't technically have one"
Soldato
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Are most bills fixed? I wouldn't say they were.
Electricty Bill
Telephone Bill
Water Bill
Just three examples of variable bills.
Associate
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Same and it's an evil system
Do they not understand direct debits are monthly and it's stupidly hard to know exactly what you have in your bank account. Stupid pay date changes very single month, terrible system. Or allow me to pick direct debits as four weekly as well.
Dont a lot of companies allow you to setup DD's as FW?
However the OP was moaning that sometimes they had to wait till 9pm on the same day!
Hardly the end of the world - a bit inconvenient if you were planning to do your weekly shop that day, but most supermarkets are open till 10pm these days anyway. It's a vast difference from a week without pay.Council tax? Are you sure?
Rent will be entirely up to the landlord, and/or the estate agents. Ours is the first of the month, no exceptions (you agree to this when signing the estate agents letting agreement).
Utility bills - I suppose it's possible.
... which assumes the person has enough spare cash to "set aside" rent and council tax bills from the previous month's bills.
When you're working your ass off to make ends meet, "setting aside" ~£1,000 is not always an option. Don't judge everyone by your current financial situation.
Rent is whenever I ask for it to be set up. I've changed it a few times due to changes in job or employers (which meant a change in pay date).
YOU might be stuck, but I've never had a problem with changing the date (been renting since about 2006/07).
I phone them up and ask them to accept a different date, they accept. There might be pro rata charges but that's expected.
Same with council tax, at least for South Glos it is.
Utility bills - ring them up and ask to change the date. Really don't understand why this would be an issue, never had a problem myself (having moved many time and been serviced by lots of different utility companies).
As for financial situation, what difference does it make if you are paying it out 1 day after being paid or 3 weeks later? You know that money is needed, so keep it to one side.
My financial situation? Believe me i'm no financial god, things are as bad as they get right now, but rent/CT/utlities all get paid for regardless of any other bills.
You get paid on the last day of the month. Bills come out on the first.
£xxx leaves your account the day immediately after you are paid - assuming that "all goes well".
To "keep to one side" money for the bills, in case you are NOT paid on time, you are required to find an additional £xxx from your months pay.
... it really isn't rocket science
You get paid on the last day of the month. Bills come out on the first.
£xxx leaves your account the day immediately after you are paid - assuming that "all goes well".
To "keep to one side" money for the bills, in case you are NOT paid on time, you are required to find an additional £xxx from your months pay.
... it really isn't rocket science
And how hard is that over a few months to build a buffer? Why allow yourself to be charged by the bank and receiving company for a failed/missed payment, which might then also reflect on your credit rating?
Or, get an over draft that would cover your outgoings. Or just ring the bank when you know you haven't been paid and have an emergency overdraft in place for a day or two.
1 months late ray run could see you having over £100 in charges, save that up over a few months and you should be fine for the things that people supposedly cannot move. The rest of the DDs just get them moved to a later date.
If you are running your life so close to having no money then bank / late payment charges will make life even harder and you'll then be on a big downward spiral.
And we're back to the very start once again
When you're struggling to make ends meet, when you're eating the cheapest economy food, not going out, cutting back on everything you can think of, and generally stressing about finding enough money to pay your basic living expenses, it can be very difficult.
I've been in this situation in the past. It really isn't pleasant. Thankfully I am not in this situation any more, but I have great sympathy for those who are (and there any MANY out there). Sometimes, life deals you the ****ty end of the stick.
Assuming that everyone is capable of saving up enough money to cover potential delays on the part of an employer is not realistic. Making condescending judgements about how people should manage their finances is unfair. Judging other peoples financial choices based on your own financial situation is short sighted.
And we're back to square one.
And we're back to the very start once again
When you're struggling to make ends meet, when you're eating the cheapest economy food, not going out, cutting back on everything you can think of, and generally stressing about finding enough money to pay your basic living expenses, it can be very difficult.
I've been in this situation in the past. It really isn't pleasant. Thankfully I am not in this situation any more, but I have great sympathy for those who are (and there any MANY out there). Sometimes, life deals you the ****ty end of the stick.
Assuming that everyone is capable of saving up enough money to cover potential delays on the part of an employer is not realistic. Making condescending judgements about how people should manage their finances is unfair. Judging other peoples financial choices based on your own financial situation is short sighted.
And we're back to square one.
Until you know my financial situation I suggest you stop going on about it. My situation is no godly place.
I do NOT believe that people cannot move some of their pay dates for bills so that not being paid on the right day ruins peoples lives. I refuse to believe that.
Failing that, don't pay by DD. DD is taken a few days before a bill is actually due, so this means you can pay over the phone or online instead a day later.
I'd happily bet that most people who say they cannot afford to save for a few months to get a buffer behind them have plenty of luxuries that could be cut down on.