Monthly-paid

Monthly-paid describes a position, service, or obligation where remuneration is provided, or payments are made, once per month. This term typically applies to employees, contractors, or those receiving a regular stipend, allowance, or benefit. It emphasizes the frequency of the financial transaction, contrasting with weekly, bi-weekly, or annual payment schedules. The predictability of monthly-paid arrangements allows for budgeting and financial planning, fostering stability for both the payer and the recipient. Factors influencing the adoption of monthly-paid structures include industry standards, the nature of the work, and the specific terms agreed upon in a contract or employment agreement. The specific amount can vary wildly. However, a fixed sum is usually agreed upon between two entities and does not change unless there are extenuating factors involved.

Monthly-paid meaning with examples

• As a software engineer, my position is monthly-paid. I receive my salary at the end of each calendar month. This system works well for me because I can easily budget for rent, utilities, and other bills. This payment structure provides financial stability and predictable cash flow, allowing for responsible spending habits. The direct deposit makes it easy to manage.
• The independent contractor, responsible for the website's maintenance, is monthly-paid. Her contract stipulates a specific sum delivered at the conclusion of each month, based on the previously agreed upon scope of work. This arrangement offers flexibility for both parties, enabling the contractor to manage other projects alongside the website maintenance. The contract is very specific in regards to what is to be done.
• The homeowner had a monthly-paid subscription to the lawn care service, ensuring their property was consistently maintained. The subscription cost was paid in arrears at the end of the monthly period. This simplified their life, as the lawn maintenance company took care of the lawn. They did not have to worry about doing it themselves or finding a company to do it.
• Due to his disability pension, the recipient's retirement plan was monthly-paid. This reliable income stream allows them to maintain their standard of living, covering all the necessary expenses and providing financial security. The regular disbursement ensures that essential needs are met, contributing to a sense of well-being. The monthly payment helps maintain the peace of mind.