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Paycheck Effect

Do You Spend More Money on Payday?

It feels good to see the amount in my checking account going up instead of dropping. But I'm wondering if payday causes you to splurge a little more than normal. There is something called the "paycheck effect" in which people's spending seems to be much more during the payday weeks. What about you — do you spend more money on payday?

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Join The Conversation
J-Rabbit J-Rabbit 6 years
I have lately. In fact, yesterday was payday, and I got a massage after work.
Deidre Deidre 6 years
Nah...I spend the most around the first of the month when all the bills come in!
amber512 amber512 6 years
My husband only gets paid every other week, so I definitely spend a lot on pay day writing out checks to the bills I've been hanging onto. And we finally have money again so we do tend to be less diligent about only getting what's on the grocery list.
Gdeeaz Gdeeaz 6 years
I get payed every Wednesday and I spend no more on pay day then any other day. I put as much money into my savings account as possible.
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