r/personalfinance • u/Practicalbeaver ​ • Mar 03 '23

Check your pay stubs! Employment

I feel like this should go without saying, but it always amazes me how many people I see on here who run into problems because they never check their pay stubs. I’m getting my annual bonus paid out soon and I realized the amount listed on my pay stub was wrong. The CFO had calculated the bonuses incorrectly for anyone who got a mid year raise last year.

I would’ve been shorted $500 if I hadn’t double checked the math.

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u/Grevious47 ​ Mar 03 '23

I would second this with a modification.

When you are first paid either your first paycheck at a job or your first paycheck in the new year which tends to adjust slightly, check your paystub in detail. After that just monitor your bank account for the deposit to see that each time its the same dollar amount. If its a different dollar amount THEN go check your paystub. If its the same there is no need to check every single paystub.

1

u/Lightwork777 ​ Mar 03 '23

I do this, any variance is noticeable at this point

1

u/1955photo ​ Mar 03 '23

Lots of people have pay that varies every check, due to things like overtime and shift differential.

1

u/Grevious47 ​ Mar 03 '23

Sure...then my advice still follows and they would be checking every time. So what is the problem?

Original phrasing meant everyone should check their paystub every time. I am just saying that you should check your paystub initially and then after anytime your pay changes. I think that is more general advice as I dont think people who receive the same pay each time need to check their paystub every time.