**YOUR
PAY SPREADSHEET**

**OVERVIEW**

Our pay is stated in one time frame - hourly, daily, weekly, monthly, annual. We are paid in another time frame, and we have expenses in all time frames. To get a perspective on the significance of our pay we need to see what it is relative to all of these time frames. Here Pay refers to **Gross Income**, your pay before any deductions, such as for taxes.

To add to the problems is that there are two types of time duration pay, ** Actual Pay** and

** Actual Pay** is what you get if you work a full year without any time lost. It is also the pay that you would get at the end each completed pay period (time frame), Day, Week, Month . For example, if you get paid every week, then this would be the actual amount paid after each completed week of work.

** Effective Pay** comes from taking the pay you earned from working part of the year and making it last for the whole year – the pay you earned working part of year is spread out over the whole year. For example, if you work only

Of course, if you work a full year without any time lost, then your __Actual Pay__ and __Effective Pay__ will be the same.

Because of this, getting a perspective on your personal finances can be quite challenging. The math is tedious. But, here the spreadsheet does the math. You get the results for “What’s Your Pay Work”!

© Hulan E. Jack Jr. 2001 Revised Aug2004,Jul2007,Aug2008