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Paid weekly how to work out monthly pay for budget

6 replies

userbubs · 22/03/2019 23:20

So I'm payed weekly and my bills are monthly how do I work out my monthly pay

Examples

£100 x 52 and divided by 12

Or

£100 x 4.3

OP posts:
Peeeas · 22/03/2019 23:24

The first one. But if you run the figures they aren't wildly different anyway (£433 Vs £430 on your example).

ivykaty44 · 24/03/2019 19:00

If you are paid weekly but your bills are monthly you can put money away each week in preparation for the monthly bills

So for example if your monthly bills were £879 total you can multiply that by 12 and divide either by 52 = £202 per week to budget for bills

But some people will divide by 48 =£219

Which then gives them 4 weeks off if ever they need but only 4 weeks obviously in one calendar year

PH03b3 · 25/03/2019 20:08

I was once paid weekly within my bank account i had loads of little accounts to transfer 25% of each bill to and back again for bill day it took some setting up but once its done it wasnt too bad

ivykaty44 · 25/03/2019 20:17

why Not just have DDebits set up from the second account and then no need to transfer the money back again

TheRealHousewifeofCheshire · 25/03/2019 20:20

First way and salary calculator is great you can put tax code in etc x

mrsoutnumbered · 06/04/2019 10:05

When DH was paid weekly I split all monthly costs into 4, transferred into a separate account so there was enough by the time the bills were due. The months when there were 5 paydays it was a nice little bonus!

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