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ggt08
;)
Member since 5/05 5208 total posts
Name:
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teachers who get paid in one lump sum check in June- How are you holding up??
I don't want to rush into September but its getting to the point where I need to get paid on a biweekly basis again..
How is everyone holding up??
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Posted 8/24/08 12:06 PM  |
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CallaLily
Thank you, Saint Gerard!
Member since 10/07 4937 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
Funds are definitely running low, but I think we'll make it. It is the ONLY reason I want to go back 
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| Posted 8/24/08 12:10 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
do you choose to be paid this way or is that what you have to do?
i never understood the lump sum thing. I couldn't budget like that.
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| Posted 8/24/08 1:43 PM |
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ggt08
;)
Member since 5/05 5208 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
Posted by MrsSchwags
do you choose to be paid this way or is that what you have to do?
i never understood the lump sum thing. I couldn't budget like that.
We do not have a choice. I don't understand it either and I hate it!!
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| Posted 8/24/08 4:48 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
ooh man that stinks!!!
We had 3 choices. I did 26 equal payments. No worrying about budgeting in the summer!
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| Posted 8/24/08 9:20 PM |
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
if you get a lump-sum payment do they tax the heck out of it?
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| Posted 8/24/08 10:12 PM |
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Jen2999
Baby girls & beagles rock!
Member since 8/06 10356 total posts
Name:
Jen
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
We dont ge the choice to get paid every two weeks over the summer... we can do the "26 check" options, but we get all that $$ in june and it SUCKKSSSSS. I am running very low!
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| Posted 8/24/08 10:50 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
i hear you! we're okay though because DH is a NYC teacher so he gets paid over the summer and that is what we live on.
it also helps that our very first mortgage payment isn't due until Sept. 1
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| Posted 8/25/08 1:43 AM |
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browneyedgirl
family is all that matters
Member since 6/06 6513 total posts
Name:
browneyes
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
Posted by Amazing-kids-so-lucky
if you get a lump-sum payment do they tax the heck out of it?
it works out the same as if you had regular payments
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| Posted 8/25/08 2:38 AM |
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jenheartsrob
LIF Adult
Member since 5/06 1861 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
DH put my check in a separate account and has been "paying" us biweekly, thank goodness.... I still feel like I need a real check though!!! Last summer I didn't do the lump sum and we were in trouble!
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| Posted 8/25/08 10:52 AM |
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mishmosh
That's all I got.
Member since 7/06 1452 total posts
Name:
Michelle
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
That's exactly what I do. I put it into savings, then pay our checking account every 2 weeks. We wouldn't survive otherwise.
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| Posted 8/25/08 11:54 AM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
am I the only one who choses the 10 month (20 pay period) option?
Dh is in the corporate world though, so we do have income coming in.
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| Posted 8/25/08 2:46 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
Posted by Erica
am I the only one who choses the 10 month (20 pay period) option?
Dh is in the corporate world though, so we do have income coming in.
That's what I do... most teachers in my building do this because you lose more taxes getting the lump pay. so I haven't gotten paid since June, but my paychecks are larger throughout the year. it would probably be easier to budget if i opted into the 25 pay periods, but it works out fine.
DH is board of ed. so he gets paid through the summer.
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| Posted 8/25/08 2:49 PM |
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jenn28
LIF Infant
Member since 3/07 178 total posts
Name:
Jenn
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
I was a city teacher and now work on LI. I don't understand why we can't get paid over the summer. I usually am good about budgeting, but I would love to get paid over the summer. Does anyone know why we don't get paid like the city does?
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| Posted 8/25/08 9:04 PM |
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ggt08
;)
Member since 5/05 5208 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
I wish I had a choice but we don't. I always feel like we are getting jipped by getting more taxes taken out... Ive been better at budgeting but still, 9/15 is looking pretty damn good!!!!
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| Posted 8/25/08 10:18 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
Posted by kdelace
I wish I had a choice but we don't. I always feel like we are getting jipped by getting more taxes taken out... Ive been better at budgeting but still, 9/15 is looking pretty damn good!!!!
It all works out eventually. My paychecks are bigger, so there might be more taken out of each one...either way, it evens out in April with your return
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| Posted 8/26/08 5:16 PM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
I'm hanging in there - I budgeted pretty well but I still can't wait for the first paycheck!
Both DH and I have the lump sum checks, however he gets paid the first week of Sept so I'm definitely looking forward to that! I have to wait till the 15th though.
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| Posted 8/26/08 6:57 PM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
{{sigh}} running a little low. DH doesn't have a choice, but I work for NYC so I get paid all summer. Is it September yet??
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| Posted 8/27/08 7:49 PM |
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ggt08
;)
Member since 5/05 5208 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
Posted by Erica
Posted by kdelace
I wish I had a choice but we don't. I always feel like we are getting jipped by getting more taxes taken out... Ive been better at budgeting but still, 9/15 is looking pretty damn good!!!!
It all works out eventually. My paychecks are bigger, so there might be more taken out of each one...either way, it evens out in April with your return
I know but it sure doesnt feel that way right now. Forget April, Sept 15th is what I need to come quickly! :)
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| Posted 8/27/08 8:40 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: teachers who get paid in one lump sum check in June- How are you holding up??
just fyi...I asked my payroll sec today - she said those that elect 26 checks are taxed as 5 separate paychecks - so no more taxes taken out. Not sure f all districts are like that?
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| Posted 8/27/08 9:58 PM |
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