January And The Long Month To Payday

Xmas is celebrated on 25th December, boxing day on 26th then 6 days later the New Year - the Xmas period is full of activities.

The run up to Xmas can seem like an event in itself. Families start considering Xmas celebrations from, October, the start of the 4th quarter. This considerations could be conscious, deliberate or unconscious thoughts on what'll be done running up to and past Xmas but make no mistake the thoughts are there and the planning starts then. 

Events; weddings; get togethers; ceremonial activities and the likes; that will hold over the Xmas period start being planned and in most cases have passed beyond the planning stage. Orders start being placed for canopies, chairs and the likes. Musicians, comedians, any artist local or of international recognition expect their managers to start telling them where their next performance will hold. Important dignitaries are sent invites at this time to block their time for attendance.

From a consumer's perspective this period is one of celebration. Those that will attend the numerous activities scheduled during this period will do so. Service providers from road side vendors, mum & pop shops, markets to major retailers expect good healthy patronage. Similarly transporters expect a lot of activities during this time from vehicles being chartered for group outings to full capacity vehicles for inter city and inter state movement.

It can be pricey during this time.

The additional demands during the Xmas period can lead to a supply constriction as service providers get overwhelmed. To counter this supply economics takes over with service providers increasing prices, in some quarters doubling or tripling it for typical everyday goods and services.

In Nigeria today, the Russia-Ukraine war has added its own impact to our local environment with its own brand of inflation. For example premium motor spirit aka PMS/petrol/fuel, has gone up by 50% to 150% depending on location and if you're purchasing from a marketers petrol retail outlet or the black market. Diesel is up. The knock on impact is prices are up for most things or sizes or quantities of goods like food products reduced to accommodate this new reality.

Employee - Employer point of view.

Employers expect that holidays will be taken by employees during this period and sometimes small, medium businesses shut down or operations of larger businesses get scaled down for 2 weeks beginning from Xmas. The result is that some employers pay their staff wages before Xmas giving their staff the needed uplift to get them through the Xmas period. Employees in turn have to deal with the new reality that wages that seemed okay in the months before now seem a little short as inflation affects most purchases during this period. Those who received their wages before Xmas also have to contend with a long wait, sometimes almost 6 weeks, to their next payday.

January payday.

Whilst the Xmas period is full of activities, January brings us back down to reality as we return to our routine lives.

Whatever the case, what is certain is that our routine lives means it's time: to make sense of the expenses incurred during the Xmas period; to go back to work; for children to return to school; to pay those recurring bills; to deal with unexpected expenses. All this whilst payday remains elusively far away.

Therefore why not fit your wage to your unique circumstances. When you require access to a portion of your earned unpaid wages before payday let Wagefit do all the hard important work that'll make your life easy; it really shouldn't be any other way. The long road to payday doesn't need to be so any longer. January needn't be such a long month after all.

Learn more about Wagefit here and how any day could literally be a payday.