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Originally Posted by Matticus91
Looking for input on something I haven't dealt with in the past. I work in IT and just got a new job in IT security, they follow a Net 30 pay schedule since they're a client-based company, which basically means you get payed on the last biz day for the previous month's work.
Ex: You work through January, you get paid on February 28th.
So I started this month (Jan) and will get my first paycheck on the 28th of February. After my eventual departure I'll get that "first" paycheck a month later.
I'm used to bi-weekly from every other job I've had so this is a massive change for me, I'm essentially going without any pay for the first month. Anyone ever dealt with this and have any budgeting tips/advice?
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Did you know of this before you accepted the position? The University of Miami pays its employees once a month, though not sure if it’s the exact same structure as your current employer. My aunt only lasted a year working for them as she had a hard time budgeting.