24 salary receipts a year better than 12? Indian expat in Australia explains benefits of fortnightly paychecks
An Indian expat in Australia advocated for fortnightly salaries, sharing how this payment cycle improves his financial management. He argued that receiving pay every two weeks allows better budgeting, savings, and investment.
An Indian expat in Australia has shared his experience with fortnightly paychecks and why he believes they are better than monthly salaries. Sarthak Dhingra, who works in Australia, posted a video on social media explaining how having 24 salary receipts in a year instead of 12 has improved his financial management.
Dhingra argues that the assumption that people tend to spend more when their salary gets credited twice a month is incorrect. Instead, he says, the increased frequency of salary disbursement improves financial management and encourages savings. He goes on to explain that he is now able to save and invest his money, as well as manage his expenses more effectively.
While Dhingra acknowledges that the payment cycle may not be the same across all industries in Australia, he notes that in most sectors, fortnightly salaries are common. He concludes that receiving salary 24 times a year instead of 12 times a year is a significant advantage and has led him to prefer this payment arrangement over monthly payments.
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