Am I the only one who gets depressed on payday? — The Bump
Toddlers: 12 - 24 Months

Am I the only one who gets depressed on payday?

I get paid once a month, and work on all commission.  I was so excited (and financially anxiously awaiting) today's paycheck because I had a great month last month.  I checked my bank account and though "Oh there must be a mistake" when I saw the amount that was deposited.  Nope.  After taxes, social security, medicare, state tax, health/dental/disability (I pay for our whole family) and 401k my paycheck was less than HALF my gross pay.  So depressing.  So I have basically just enough to cover our bills...am I the only one who gets depressed seeing all the taxes,etc...on payday?

Re: Am I the only one who gets depressed on payday?

  • I'm a small business owner so once I get a "paycheck" after I have figured out taxes, my aflac insurance, supplies and props my actual take home pay is pretty sad. If only I could win the lottery, lol.
  • I have a big budget on EXCEL so I don't even pay attention to my paychecks anymore.  I know how much has to go where and any extra over what we anticipated just gets dumped into savings.

    It's different though because I'm salary so I know what taxes/insurance/investments will be taken out.

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  • I agree with Mavila, it's easier being salaried. I really only focus on my net pay because it's too depressing to think of the gross and all that gets deducted.
  • ugh, commission gets taxed soo bad! (at least it seemed that way when I had such a great commission month and compared my gross to my net!)
  • Yup taxes do suck.  I only get about 50% of my pay too.  30% goes to the government and 20% to health/dental/savings/401k/options.  I always tell DH that my first 3 days/10 day pay period goes straight to Uncle Sam.  I hope income taxes don't get raised any time soon or it won't even be worth it for me to work full time.
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  • Nope, I feel the same way! Its like "woo hoo its payday" then I pay the bills and go "oh sh!t we have $____ to live off of for two weeks?!?!"
  • DH is salaried and I don't even look at the gross. In addition to the ins and taxes, he has his parking $$$! and "voluntary" charitablele contribution deducted.
  • Nope, I feel the same way! Its like "woo hoo its payday" then I pay the bills and go "oh sh!t we have $____ to live off of for two weeks?!?!"

    LOL-that's exactly what I did today!

  • Yup I dread payday and paying bills. I get so depressed for the whole day. I hate it. I keep trying to get dh just to pay the bills so I don't have to be responsible.
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  • DH and I are both salaried so I only focus on our net pay.  However; I think we have too many taxes coming out.  I still claim 0 when I could claim 2 and DH only claims 1.  I'm not sure why we haven't changed it.  
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