Ahhh! My Paycheck Was Delayed….And I Have Bills!

[Editor’s Note: This is an independent post written by JJ. This post may contain affiliate links. Please read our disclosure for more info.]

On Tuesday, October 15, I started the day off confused as to why my paycheck didn’t get deposited into my checking account. I checked our school district employee software and saw that my paycheck was processed, but not deposited into my checking account.  Then I saw an email from our HR department saying that the federal holiday on Monday was delaying paychecks getting deposited into bank accounts.

I’m so thankful we found the Financial Independence (FI) community and have been financially responsible for over 3 years.

My very next thought after reading her email and not seeing my check get deposited was being thankful for finding the FI community over three years ago and being financially responsible for many years.  My wife and I have done a great job building an emergency fund and a cushion into our financial lives.

My wife and I have also done a great job positioning our finances so we only rely on one income to cover all of our expenses. 

Not being paid but still working can be frustrating, but it’s not at all the end of the world for us, financially.

Money, Money, Money

I thought that was the end of the story, but, wow, was I wrong.  I saw a post of ChooseFI Educators Facebook group page that many of the poster’s colleagues were upset and nervous that this delay would put them in financial ruin.

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I can only imagine how many of my own colleagues were feeling after this delay. I heard some say that they’re glad they didn’t have auto-withdrawals scheduled for payday.  That’s great, but still a bit concerning that they may be living paycheck-to-paycheck (and not by choice).

How Can Districts Improve?

As educators, we specialize in coaching our students to learn and become masters of the content.  Why is it that so many school districts are not very good at educating teachers about many things, including personal finance?  Personal Finance is a graduation requirement for students in my district.  Maybe Personal Finance should be an annual requirement for teachers to become masters of the content.

How can districts do a better job in this area?  How can I do a better job of educating my colleagues in this area?

Do your districts excel in providing financial education to teachers? 

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