Wednesday, 31 October 2018

The Eve of a Pivotal ‘Timesheet Day’

So, today is the end of the month, the end of October. Yeah, yeah, Halloween and all that. 

For me, in my world this is the last day of this payperiod, the one that will produce the November 7, paycheque. 

Why is this so special a paycheque? This should be (emphasis on ‘should’) a larger than average paycheque and the first of four such in a row. 

This is because, at this end of the year, the payroll taxes drop off, and so, I get to keep (for now) much more of my paycheque than before.

This will impact the next 4 budgets and so when I finally get my paycheque (you know, a week from today) I will see where exactly that number lands.

As in exactly what percentage of my paycheque do they keep? 

Why is this so big a deal? Well, that number slides from 27.5% of my paycheque in January, to around 18% of my paycheque in December.

So, for budgeting purposes, it is nice to know what to expect.

I just want to know if I will make my savings targets or not.

As always, Keep your head up, your attitude positive and keep moving forward!

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