Every 17th of the month I look at my bank account and think the same thing. It’s still in there. My rent from the first of the month just squats there like a dollop of raw cookie dough, looking mighty tempting but not moving… in my sight but so far from reach.
In the early days when this happened I’d email my landlord around the 15th and remind him to cash the b^*@d% cheque. He’d make up some excuse about not being able to get to the bank at all (in truth, this man is a very busy chain-smoker who spends a lot of time on the sidewalk outside my building conversing with anyone who feels like talking about the nuisance of installing fire-safe windows). I digress.
According to The Canadian Payroll Association, many Canadians are living paycheque to paycheque. I hate to admit it, but I am one of them. It boggles my mind, to be honest. When rent comes out at the beginning of the month, the other half of the month’s money should be all mine (insert evil laugh), but it never seems to be the case. That money goes to playing catch up to the last month’s expenses and so on. It’s a vicious cycle. So perhaps it’s not us that’s the problem, it’s the system in place.
So, what if the way we pay rent is all wrong? What if we paid two months’ rent at once? This would have to mean that we were paid our salary once a month as well. Other countries can handle it, why can’t we?
Let’s see what happens:
Say Johnny makes $4,500 a month and his rent is $1,500 a month. If we tried this new formula, he’d pay $3,000 a month for two months’ rent on January 1st and have another $1,500 to get through to the next payday. Then, the following payday he’d earn his $4,500 and it would be all his (aside from other expenses, obviously). So, I ask, what if?
We’re questioning other been-there-since-forever societal staples like the 5-day workweek and using pavement for roads, so why not this? Perhaps it will see to a reduction in debt and better planning of funds for the immediate future.
Let’s start a discussion, what do you think? Add your comments below and like this if you liked it!
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Photo credit: Nina Goldman’s cat