The more often people get money, the more often they spend it. Sociologists from the United States came to this conclusion.
As a rule, in Russia there are payments to full-time employees twice a month – advance payment and basic salary. But some workers can count on weekly bonuses, someone gets paid every two or three days, and someone gets paid every day. A sociological study in the United States showed that the more often people receive material rewards, the more often they spend.
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If a person accustomed to monthly rewards suddenly began to receive money every week, then he spent $ 250 more during the year. There are many reasons for more frequent payments, as the authors of the study emphasize, including the initiative of employers. Some Internet services allow employees to set up a payroll mode for any schedule. Some banks also allow employees to switch from monthly to weekly remuneration. Finally, there are various fees and returns on investments to consider.
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The problem of more frequent payments comes from their convenience. Even if you don't have a large and steady cash flow, frequent payouts make you lazier when planning your budget because you know you'll spend the money now and get it back soon. Because of this, costs rise, and it is possible to save a minimum. (READ MORE)