bigkahuna;627547 wrote:Right, but they are still working.

I do some summer school stuff and run a summer day camp. Besides the spring and christmas breaks, I don't get any vacation either unless I go on vacation for a week in the summer from the day camp job. Maybe that's why I'm sensitive, because I for one don't sit around with my thumb up my butt for 10 weeks

WebFire;627747 wrote:But many (most) do. And do you not get paid extra for summer school and camp? If so (and you should), then your argument is irrelevant.

ernest_t_bass;627753 wrote:I don't work in the Summer, and I do just fine. I budget well, however I also get paid 12 months.

ernest_t_bass;627753 wrote:I don't work in the Summer, and I do just fine. I budget well, however I also get paid 12 months.

Gblock;627762 wrote:My problem is w all the extra time its just more time to spend money....especially on golf

Con_Alma;627808 wrote:Why would you do that...get paid over 12 months?

If you had the opportunity to receive your money when earned why would you ask them to hold it and pay you a couple months later?

O-Trap;627815 wrote:...


Maybe for budgeting purposes?

ernest_t_bass;627753 wrote:... I budget well....

Con_Alma;627822 wrote:My question is if you budget well why not get the money when earned. It doesn't make sense to have them hold your money if you budget well.

Con_Alma;627829 wrote:No. no. I'm not trying to convince you of anything. I am telling you I don't understand why you would ask them to hold your money for you.

I truly don't understand why which is why I asked.

I am not asking you to discuss it. I was asking you to educate me because I just don't get it.

ernest_t_bass;627833 wrote:I don't want to take that risk. To me, not receiving a paycheck every two weeks in the summer is a huge risk.

Gblock;627842 wrote:I've done it both ways the 21 pay plan and the 26 and it really works better to take the five extra checks. Budgeting wise, tax wise also. Plus its only about 300 dollar difference depending on your salary tho

Gblock;627842 wrote:I've done it both ways the 21 pay plan and the 26 and it really works better to take the five extra checks. Budgeting wise, tax wise also. Plus its only about 300 dollar difference depending on your salary tho

Con_Alma;627843 wrote:You're right. We shouldn't discuss it because I look at it much differently. You already have your money. The risk is lessened as opposed to increased.

Thanks for your willingness to engage on the issue. I'll let it go now.

Manhattan Buckeye;627852 wrote:I'm surprised many districts offer that option - in my Dad's experience they had yearly contracts and hires were made once a year and it was a yearly pay period. To your point with interest rates being in the crapper the dollar difference isn't that great even if you take the full pay up front.

Manhattan Buckeye;627857 wrote:"You owe the same amount of tax whether you receive all of your money in one check or in 26 checks"

This is correct, but my guess is withholding. If you get fewer and larger payments the pay provider treats it differently than if you get more, smaller payments. In the end it all works out but if one prefers to keep their money rather than having a large tax return, the smaller the payments the better.

Gblock;627859 wrote:Also w coaching stipends and the larger check you end up giving uncle Sam an interest free loan in taxes on the 21 pay plan

Con_Alma;627860 wrote:Manhattan...the employee controls the amount of withholding. If someone takes a 21 pay annual income adjust the dag-gone withholding....but you knew that already.