• MoneyMarci

When is the last time you looked at your paystub? - 4/01/2022

Updated: Jul 29

Once upon a time, not really that long ago, employees would receive a paper paycheck which would include the information about their gross pay and all of the deductions and adjustments that were a part of the calculation to get to their net pay. These days, almost all employees are paid via electronic payment and if they want to see their paystub they have to look online. While having online access is progress for a lot of reasons, most people don't think to make the time to do review their paystub.


MAKE THE TIME TO LOOK AT YOUR PAYSTUB!


If you are paid hourly, especially with varying hours, you should look every pay period. Through no ill intent, miscommunications and mistakes happen. If you are on salary, maybe you only look to see your bank deposit is correct every pay period, but at least quarterly look at your paystub. No matter how you are paid, salary or hourly, make sure your money is going where it should be going. Make sure your year-to-date federal and state withholdings are on track with what you expect them to be for the year. Look at your retirement and/or savings account contributions and consider if you could increase them at all. Have you received all reimbursements you were due?


This is your money. Ultimately you are responsible for it.




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