I am paid monthly in arrears. If I was paid annually in arrears, I would have cashflow issues, would have a greater need of short term loans, and would want a larger salary to compensate me for this.
Most of my expenses (credit card, utility bills, mortgage, ...) are monthly; annual and ad hoc expenses combined are less than this. So it makes sense for my salary to come in monthly as well.
Most of my expenses (credit card, utility bills, mortgage, ...) are monthly; annual and ad hoc expenses combined are less than this. So it makes sense for my salary to come in monthly as well.