Finacial Advice

[Ronin]

Watch out for the five week month! A big trap for young players, particularly when you have weekly outgoings, like rent etc..

Yup was just going to say that. Most people who haven't been paid monthly have no idea 5 week months exist.

[Grumpy Gnomb]

so what did your contract say or is it up for review in January and has your employer has just decided to change his part with no agreement from you

[mynameis]

If you plan and budget well and have good control over your finances it should not make any difference at all, because the amount of money you receive is still the same but at a different frequency.

However your employer will save as payroll is costly. And yes they can switch to monthly if they decide to.

[davereid]

If you are poor at budgeting, it can really hurt, especially if you top up the lean weeks using a credit card.

Pay all your essential bills the day your pay arives, or at least transfer the money to a "bills" account which you cant get to from eftpos.

The big bills, rent, electric, etc are bastards to catch up with if you get short, even the smaller ones like insurance and rego can get a bit loose if they arrive when you are 22 days away from payday, but the regos due in 14..

I for one, have found my pay to be entirely adequate.. its frequency however leaves a lot to be desired..