Being paid weekly or monthly, which is better?

Author
Newstalk ZB,
Section
Audio,
Publish Date
Sunday, 16 December 2018, 4:43p.m.
Photo / Getty Images

The benefits of being paid weekly compared to being paid monthly is a hot topic of conversation for workers across the country.

Is it better to get a smaller amount of money every few weeks, enough to keep you going and even give yourself some extra spending money for the odd treat.

Or is being paid a bigger lump sum every month actually a better way of getting people who like to make impulse purchases to save more?

Investment author and columnist Mary Holm joins The Weekend Collective to give her expert insight on the issue.

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