3 ms·
Why do you prefer to wait longer to be paid?
by willcipriano 5y ago
Why do you prefer to wait longer to be paid?
- LeonidasXIV 5y agoBecause other payments are monthly (rent, ISP, mobile phone contract, subscriptions - at least in Europe), so having a constant money in <-> money out equilibrium makes sense. Unless these things are also charged every 2 weeks in the US.
- checker 5y agoPlenty of US places pay twice a month, so you get the monthly budget consistency and get your money sooner.
- beeboop 5y agoI think the idea in the US is that if you're having to wait an extra two weeks to get paid, you're essentially having to "float" half your monthly income all the time. This impacts people who are on the poorer end of the scale, and there's a very high percentage of Americans that don't have more than a few hundred dollars to their name.
- 2143 5y agoI think it's more of a psychological thing for me. If I were to get my income every day, that would be very boring. On the other hand if I were to get my income once in 6 months, that would be horrifying. But 1 month seems to be a sweet spot. Double the amount half as often. Other utility bills come in monthly in my country (which is in Asia by the way), so that's a factor as well. But yeah, I can now kind of see the appeal of getting paid every 2 weeks.