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How do you cope with RollerCoaster Wages? watch

  • View Poll Results: how do you cope if your wages are less than normal
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    those of us working shifts or zero hour contracts have to contend with our wages fluctuating each month.

    how do you cope when you work less hours and your income is less than what you need to pay bills?

    do you have a credit card or use payday loans? how much of a problem is it for you?
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    It's not a problem for me; I wouldn't have moved out if I thought I was going to be short each month. Common sense, really. Yeah it sucks living with your parents when you're desperate for a taste of independent living, but I'd sooner still be at home and have money than be in the position of having my own place with no means to pay for it. Practicality > wants.
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    (Original post by Drunk Punx)
    It's not a problem for me; I wouldn't have moved out if I thought I was going to be short each month. Common sense, really. Yeah it sucks living with your parents when you're desperate for a taste of independent living, but I'd sooner still be at home and have money than be in the position of having my own place with no means to pay for it. Practicality > wants.
    makes sense. are you on a zero hour contract though, does your income fluctuate each month?
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    (Original post by Drunk Punx)
    It's not a problem for me; I wouldn't have moved out if I thought I was going to be short each month. Common sense, really. Yeah it sucks living with your parents when you're desperate for a taste of independent living, but I'd sooner still be at home and have money than be in the position of having my own place with no means to pay for it. Practicality > wants.
    Honestly have to agree with this. I wouldn't put myself in the 0 hour contract position to begin with. If I couldn't afford it I wouldn't do it.

    Not quite the same situation but I'm only contracted to work part time (12 hours a week) but I often do overtime, up to 40 hours a week. My wages fluctuate from anything between £350 to £1000. I could've gone full time and had that £1000+ regularly but I'm not at all committed to that.

    I'll be going to Uni in a few months and am saving whatever I can to afford that. I'm making sure I have enough saved to not run out of money, no matter what happens. The only way I'll run out of money is if I spend it all (it's my own fault, I deserve what happens) or something exceptional happens, at which point I'll have contingency plans. I won't be in a position where my life at uni relies solely on the potential income from a 0 hour contract job.
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    (Original post by Acsel)
    Honestly have to agree with this. I wouldn't put myself in the 0 hour contract position to begin with. If I couldn't afford it I wouldn't do it.

    Not quite the same situation but I'm only contracted to work part time (12 hours a week) but I often do overtime, up to 40 hours a week. My wages fluctuate from anything between £350 to £1000. I could've gone full time and had that £1000+ regularly but I'm not at all committed to that.

    I'll be going to Uni in a few months and am saving whatever I can to afford that. I'm making sure I have enough saved to not run out of money, no matter what happens. The only way I'll run out of money is if I spend it all (it's my own fault, I deserve what happens) or something exceptional happens, at which point I'll have contingency plans. I won't be in a position where my life at uni relies solely on the potential income from a 0 hour contract job.
    i hear you.

    with your fluctuating wages though the weeks you earn £350 - what if you have bills to pay? you have savings accessible or have to resort to payday loans or credit cards?
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    (Original post by SamCain)
    makes sense. are you on a zero hour contract though, does your income fluctuate each month?
    Self-employed, work is reliant on the weather. So no I'm not on a zero-hour contract, but yes my income does fluctuate each month.

    Regardless, I wouldn't have moved out if I knew I was on a zero-hour contract due to the lack of financial stability.
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    (Original post by SamCain)
    i hear you.

    with your fluctuating wages though the weeks you earn £350 - what if you have bills to pay? you have savings accessible or have to resort to payday loans or credit cards?
    Well currently even at £350 it easily covers all my outgoings. So there's never an issue of not being able to pay. If something happened that I needed to pay for (emergency type) then I'd use my savings. Failing that I'd borrow money from the family. I don't see that putting myself into more debt with loans or credit cards would help the issue of being in debt in the first place. Hence why I like to have enough emergency money to cover unexpected expenses.

    If I had more normal levels of expenditure, like higher regular rent, bills, food and so on then I wouldn't be on a lower wage. I'd have taken a full time (or multiple part time) jobs long before then. If I did have those costs I'd make sure my wages covered it. So again the only issues would come from unexpected expenditure.

    I believe the term is not living beyond your means.
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    Why isnt there an option where you save a portion of your wages to be used for when the income drops below normal?
 
 
 
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