Get paid differently at Christmas? We're ready
Published 29 November 2013 by Linzi Nuttall
Here, thinkmoney looks at how you can keep your budget under control over the Christmas period.
Over the festive period, the last thing you want to be doing is dealing with your finances and worrying that your budgeting is going to go wrong.
At Christmas, we know it's common for people to get paid differently - whether it's a seasonal bonus or a normal wage which is paid early.
We don’t want to get in the way of your fun this Christmas, so we're ready for this. We change the way we expect incomes, to allow your budget to continue as normal.
If you get paid weekly, we adapt to accommodate two or three times your normal amount. For example, if you normally receive £200 a week and suddenly £600 goes in, we will process this and budget for three weeks' worth of bills instead of just one.
So your budgeting carries on as normal - your bills are covered and the excess money moves across to your card.
This works the same if you're paid fortnightly.
If you get paid monthly or four-weekly, it's common to get your income early, so if this happens we make sure the bills are covered for the extra few days of December as well as January.
For example, if you normally get paid on the 30th but in December you get paid on the 20th, we'll accommodate it coming in early and budget for the bills that are due out between December 20th and January 30th.
Because we expect customers to get paid differently over Christmas, you don't need to worry about getting in touch with us to make sure your account is still on track.
You can let your bills and budgeting slip to the back of your mind as you relax with friends and family over the Christmas period.
Lastly - but importantly - we'd like to wish all our customers a very Merry Christmas from everyone at thinkmoney.