Adjusting to weekly pay when used to monthly
- Thread starter buckeejit
- Start date
Each week, on payday, leave enough to cover bills in the current account. Move the rest to a savings account. If need be, transfer from savings to cover bills - some people like their bills to come out on one date of each month, and weekly pay won't normally cover this.
Contracting?
I used to get paid on a weekly basis when I was doing IT contracting (which was nice, because some weeks I could run up in excess of £1k expenses!!)
I can see why he has problems and It might be an idea to change some of your payment due dates round so the fall at different times. If I were weekly paid I think. Would struggle to pay rent etc because of the large one off cost compared to my weekly wage. Move some payments to more suitable dates and be aware of the bug bills and make sure you have enough to cover them.