Why is it the standard to be paid every month in Europe?

Question

Rather than weekly or bi-weekly

In: 684

Answer 1

Standards and traditions. All of my bills are to be paid the couple days after I get paid in Sweden. So I get paid the 25th of every month, bills to be paid oftentimes before end of month. Entire society is built around it. Positive is that bills come once a month (rent, phone, etc), and job pay also comes once a month, that way I simply pay all of my bills before I spend any money. The money I have left after paying everything and saving whatever amount I’ve decided to save, is what I can buy food and whatever I want with for the following month. Makes budgeting very simple.