Being paid at the end of every month

Discussion in 'Teacher Time Out' started by TeacherCuriousExplore, Oct 19, 2018.

  1. TeacherCuriousExplore

    TeacherCuriousExplore Cohort

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    Oct 19, 2018

    I currently work as a substitute and I love it! However, a friend of mine who also subs with the same district told me that the hours' worked this month will be paid at the end of next month. Now that is not a problem for me being that I do substituting as a side job to earn experience, but it will be a problem if I take a teaching position with the district. Anyone else paid this way?
     
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  3. ms.irene

    ms.irene Connoisseur

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    Yes, I think that's pretty common in schools -- I've worked in four districts and all paid at the end of the month. I actually like it as it make budgeting simpler, maybe just because I'm used to it. You do have to budget and be prepared for the summers when you may not receive a paycheck!
     
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  4. YoungTeacherGuy

    YoungTeacherGuy Phenom

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    I am paid at the end of every month. I've only worked in 1 district, but I'm certain that all surrounding districts are also paid monthly.
     
  5. Aces

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    I honestly don't understand what the complaint is from people as far as when you get paid goes. Budget budget budget. It's not hard to set up a family budget nor is it hard to account for your money as it goes. I get paid the 1st and the 15th every month and the 1st for the summer months. (Last year I opted for a lump sum at the beginning of the summer)
     
  6. TeacherCuriousExplore

    TeacherCuriousExplore Cohort

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    It does sounds doable now that I thought about it for some time. I am paid monthly working from home but it is in the beginning of the month. Depending on the pay I am sure it will be enough to cover bills. I am so excited about the life ahead. Hopefully, I get hired
     
  7. Aces

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    Okay so the 28th versus the 1st. Is it really that big of a deal?
     
  8. TeacherCuriousExplore

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    Nope except for having to rearrange when bills should withdraw from my account. I may even keep one of my online jobs to take care of the bills that is before the end of the month
     
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  9. Aces

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    So it's not a matter of not being able to pay your bills, it's a matter of not wanting to be inconvenienced.
     
  10. SpecialPreskoo

    SpecialPreskoo Moderator

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    I like once a month. Pay your bills up front. The rest for food and gas. Anything left over for fun stuff. Don't run out of money. lol
     
  11. MissCeliaB

    MissCeliaB Aficionado

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    Some banks make it really difficult to change payment dates. When I got checks twice a month, I had to be very careful about what dates I paid what bills. Eventually I was able to save up enough money to pay a month ahead, but there were some uncomfortable months because of inflexible due dates, when banks draft bills, and when I had paychecks deposited.
     
  12. waterfall

    waterfall Maven

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    I love being paid once per month. I pay all of my bills first thing (even the ones that aren't due until the 15th) and then I know what I have left for the rest of the month. It seems like so much more of a hassle to me to deal with paying bills twice per month and figuring out which check covers which bill, etc.

    I did work in one district that paid a month behind, which was extremely difficult for new teachers. So a teacher who started working in August didn't actually receive a paycheck until the very end of September. That creates quite a challenging situation for someone who is fresh out of college in their first teaching position.

    After that first paycheck though, it doesn't really matter anymore as you'll still get a check monthly regardless of which month it's technically payment for. So I don't see why this would be a long term issue if you chose to take a teaching position in the district, OP.
     
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  13. swansong1

    swansong1 Virtuoso

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    One district I used to work for paid one month behind. For new teachers, they offered an interest free bridge loan to cover that first month. Then they repaid it over a few months beginning in Nov. It worked out well my first year in that district.
     
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  14. Backroads

    Backroads Aficionado

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    I didn't know it was so uncommon. I've been paid both monthly and bi-monthly. No matter to me one way or the other.
     
  15. ms.irene

    ms.irene Connoisseur

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    It is a big deal for that first month when you're waiting to get that first paycheck. I've run out of $ over the summer before, and August can feel like a looooong month lol!
     
  16. Aces

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    I'm not gonna lie... I've never allowed myself to get into that situation.
     
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  17. Ima Teacher

    Ima Teacher Maven

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    I got paid on the 28th of each month for many years. Awhile back they switched to the fourth Friday of each month. It's really not a big deal. It actually seems weird to me to have to budget for payment more than once a month. DH is paid twice a month.
     
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  18. Ms.Holyoke

    Ms.Holyoke Connoisseur

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    I get paid once a week but it doesn't matter to me. I like to keep a budget & stick to it. However, being paid once a week was helpful in September!
     
  19. a2z

    a2z Maven

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    I used to be paid that way. The first month was hard because you didn't have salary for that first month so if you don't have savings it is difficult. But then on the back end, you have extra if you roll from one job to another. For those who depend on subbing for their sole income, it does become difficult, but that is because subbing isn't usually year long work. It takes much better budgeting.
     
  20. futuremathsprof

    futuremathsprof Aficionado

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    I’m currently negotiating with my admin to be paid on a monthly basis instead of a biweekly basis. A simple majority of my coworkers want to be paid biweekly, so my pay schedule should not affect theirs, but I still like the idea of getting all of *my* money at once (~$5,480/month after taxes), paying off all of my bills (~$1,400/month), and living off of the rest of my teaching salary ($5,480 - $1,400 or $4,080), not including my tutoring money.

    My rationale is that I can make more major purchases like the buying of blue chip stocks. I say this because I recently spoke with a colleague who has made over $100,000 in the stock market over a period of 2-3 years. I was blown away from that conversation. Her advice was to just keep buying Berkshire Hathaway B, Amazon, Microsoft, Apple, Netflix, and Google/Alphabet stocks because they have minimal risk and historically high rates of return.

    Anyway, short-story long, I really hope that I can get my employer to pay me monthly; mainly, for the above reason. I wouldn’t care if they pay me on the 1st, 15th, 28th, or whenever. Just. All. At. Once.

    I would hate to get paid weekly because I would have such little purchasing power (from my teaching job) from week to week if my pay were so fragmented.
     
    Last edited: Oct 20, 2018
  21. futuremathsprof

    futuremathsprof Aficionado

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    Exactly, I just budgeted for the summer when I was on the old 10-month contract by saving in the last quarter of the academic year for my summer expenses.

    Then, once the summer started I immediately paid my car insurance (~$230), my then car payment ($300), rent (~$550), utility bills (~$115), and cellphone bill (~$99) all three months in advance. It quickly depleted my summer funds to about $2k, but I only had food and gas to pay for during that time, which were both already accounted for in my summer budget.

    I think if more people did this, then they wouldn’t have to worry about paying their bills. If they just pay it in advance — assuming they are able to — and live off the rest they should be relatively fine.
     

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