Pay Frequency Converter
Seamlessly convert your pay between hourly, weekly, fortnightly, monthly, and annual rates to compare job offers and manage your budget.
Quick Use Samples
Pay Details
Full Conversion Breakdown
Pay Comparison
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What is Pay Frequency?
Pay frequency is simply how often your employer pays you. Common frequencies in Australia are weekly, fortnightly, and monthly. This converter allows you to translate a salary or wage between these different timeframes to help you budget, compare job offers, and understand your income in the terms that make sense to you.
Behind the Formula
The calculator works by first establishing a common baseline: the annual salary. It converts any input into its annual equivalent (e.g., multiplying a weekly wage by 52, or a monthly wage by 12). Once it has the annual figure, it can accurately divide it by the appropriate number to convert to any other frequency.
Expert Insights
- Fortnightly is the most common pay cycle in Australia. It often aligns well with common expenses like rent or mortgage repayments, which are frequently scheduled on a fortnightly or monthly basis.
- Pay frequency can impact your cash flow and budgeting habits. A weekly pay cycle can feel like you have more consistent cash flow, while a monthly pay cycle requires more disciplined budgeting to make your money last.
- When comparing job offers, always convert them to the same frequency (usually annual) to get a true 'apples-to-apples' comparison. A monthly salary of $6,000 might sound bigger than a fortnightly one of $2,800, but the fortnightly offer is actually higher.
Actionable Tips
- Align your automated bills and savings transfers with your pay cycle. Have them scheduled to come out the day after you get paid to ensure you never miss a payment.
- Use this converter to break your annual salary down into a weekly figure. This can make creating a weekly household budget much more manageable.
- If you're a freelancer or contractor, use this tool to convert a desired annual salary into an equivalent daily or hourly rate to help you price your services accurately.
Real-World Examples
Comparing job offers
One job offers $1,500 a week, while another offers $6,400 a month. By converting both to an annual salary, you find the weekly offer is $78,000 a year, while the monthly offer is $76,800. The weekly offer is better.
Setting a weekly budget
Someone on a $90,000 annual salary uses the converter to see this equates to $1,730 per week. This gives them a clear, manageable figure to base their weekly spending and savings goals on.
From full-time to freelance
An employee leaving a $100,000 salaried job uses the converter to calculate that their equivalent daily rate (based on 260 working days) is $384. This gives them a starting point for setting their freelance day rate.
Glossary of Terms
Gross Pay
The total amount of your earnings before any deductions like tax are taken out.
Cash Flow
The movement of money into and out of your finances. Your pay frequency is a major determinant of your personal cash flow.
Pro Rata
A Latin term meaning 'in proportion'. It's used to describe a salary that is calculated in proportion to a full-time equivalent, often for part-time roles.