{"id":1542,"date":"2017-11-24T03:00:09","date_gmt":"2017-11-24T09:00:09","guid":{"rendered":"http:\/\/kerryaclark.com\/?p=1542"},"modified":"2020-04-14T09:45:15","modified_gmt":"2020-04-14T14:45:15","slug":"four-pay-categories","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/four-pay-categories\/","title":{"rendered":"The Four Pay Categories"},"content":{"rendered":"

On Paper We Do Have Enough \u2013 Part 4<\/h2>\n

Let\u2019s take a closer look at the \u201cPay\/Month\u201d calendar from my last post, The One Big Problem All Bill Payers Face.<\/a>  We need to figure out or simply state which of the four pay categories you fit into.<\/p>\n

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The Four Pay Categories:<\/strong><\/p>\n

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  1. Weekly<\/span> – You fit into the weekly pay category if you get paid every week or once each week.  This is one of the rare pay categories.  There aren\u2019t many people who fall into this category of getting paid every week.  I would love that, but it\u2019s not for everyone.<\/li>\n
  2. Every other week<\/span> – To fit into this category, your payday comes every other week.  For example, you get paid every other Friday.  You receive a check one Friday, skip a Friday, then when next Friday rolls around you\u2019re paid again.<\/li>\n
  3. Twice a month<\/span> – \u201cTwice-ta-month\u201d, this is how old people say this one.  It just means, you receive just 2 paychecks in any given month.  This category\u2019s pay goes a little like this.  You receive pay on the 15th and the last day of the month (or the 1st day of the month).<\/li>\n
  4. Once a month<\/span> – Probably the hardest pay category to budget, this fourth one is the get paid \u201conce a month\u201d one.  Just as it says, you get one paycheck in a given month.  You have to wait a whole month before another rolls through.<\/li>\n<\/ol>\n

    Money in Hand<\/strong>
    \nNow that you know what category you fall, it\u2019s time to understand how much money you really have.  Before you write down how much money you get per payday, let me say this.   We don\u2019t care about how much is on paper.  We don\u2019t care how much they say we make.  We will only count the money we get in hand.  That\u2019s how much money you really make.  So if you get paid \u201ctwice-ta-month\u201d, your money in hand may look like this.<\/p>\n