Bi-Weekly Paychecks

Discussion in 'Teacher Time Out' started by futuremathsprof, Sep 15, 2018.

?

Which payment method would you rather have?

  1. Monthly (10-month contract)

    11.1%
  2. Monthly (12-month contract)

    22.2%
  3. Semi-monthly (10-month contract)

    11.1%
  4. Semi-monthly (12-month contract)

    22.2%
  5. Biweekly

    33.3%
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  1. futuremathsprof

    futuremathsprof Aficionado

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    Sep 15, 2018

    I didn’t say “best way”. I said better way. There is a difference. Yes, money runs my life as money makes the world go round, figuratively.

    Many of my colleagues make more than I do as they have been teaching longer than I have at the school. The median teaching salary is about $85k.

    Is 26 paychecks really that much better for people than 24? How is it easier to save money when you have less of it for 10 months out of 12?

    Again, I try to avoid touching my tutoring money at all costs because of goals 5, 6, and 7. Now I will have to and I don’t like that.
     
  2. ChildWhisperer

    ChildWhisperer Groupie

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    Sep 15, 2018

    We get paid every 2 weeks and none over the summer, and I like it.
    I make way less than you and money/budgeting is never an issue for me.
     
  3. vickilyn

    vickilyn Magnifico

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    Sep 15, 2018

    Or, you can live very frugally for a month or two, build up a cushion that would take the place of touching your tutoring money, and soon you will be no worse off than if your payroll spacing hadn't changed at all. That's a mind game we play with ourselves, too.
     
  4. Missy

    Missy Aficionado

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    Sep 15, 2018

    Also, future, please do not assume that your non-math colleagues do not understand the math. Opinions can vary, even among those who know the facts. I also grew up in relative poverty, but money does not govern my life.
     
    YoungTeacherGuy and a2z like this.
  5. Ima Teacher

    Ima Teacher Maven

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    Sep 15, 2018

    Mine are all on autopay, too . . . but I still like knowing they are paid. They are all paid the same week every month. We don’t live paycheck to paycheck. DH always checks them as paid in our Excel file once they post to our account. I did the same thing when I lived alone. Never thinking about bills seems irresponsible to me.

    I’ve had bills fail to post or get paid twice. It always pays to watch.
     
    futuremathsprof likes this.
  6. Zelda~*

    Zelda~* Devotee

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    Sep 15, 2018

    Always twice a month, 12 months a year.
     
  7. Upsadaisy

    Upsadaisy Moderator

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    Sep 15, 2018

    This thread is being closed. There is a great deal of personal information in it and also a great deal of unsolicited advice.
     
    Aces likes this.
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