Ben Reichelt’s Weblog

At my previous job we got paid on a monthly schedule, I think it was the last week of the month, or the first week of the month, I can’t recall exactly.  At first I didn’t know if I would like this payment schedule as I had been used to getting paid every two weeks for all my other previous jobs in high school and college.  As it turns out, getting paid monthly is more convenient that getting paid every two weeks.

Nothing else in my life is on a bi-weekly schedule.  None of my bills, grocery store visits, mortgage, etc.  They’re all either monthly (bills, mortgage) or random (grocery store).  Getting paid once a month allowed me to more easily budget my cash flow because it lined up well with my fixed expenses.

I get paid twice a month currently, so I’m back to the “old” style of getting paid; the one nice thing about this is that I get paid on the same day as Erin, so it’s as if we’re getting one paycheck, rather than direct deposits happening on random days, there are just two days a month.

I would think that employers would see the benefits of paying their employees once a month because they are only running payroll half as many times a year.  In fact, that was the reason that I got paid monthly at my previous job, we were a startup and running payroll cost ‘x’ dollars, we could save that much money per month by just running payroll once instead of twice.