I get paid weekly, and I quite enjoy it - Not only do I get a "bonus" paycheck four times a year (as I don't include it in my budgets) but I get to play around with my money once a week :) I'm one of those who gets giddy when I get to pay off debt or put money into investments, so the more frequent, the better.
All my bills are monthly though. They all either come out of a separate account which gets funded weekly, or credit cards, which also get paid off weekly. It's probably not the most efficient system, but it works for now.
Back on topic though - and in line with this whole "what day is payday" thing, witness the conversation I recently had with a dear friend:
Her: "Well, I might be up for a promotion soon, but I'm not sure if I want to take it?"
Me: "Why not? You'll get a pay raise, won't you?" (I know her and her boyfriend are pretty tight financially.)
Her: "Because my paychecks will come on the same day as [boyfriend's] and then I'll have to make it last for two weeks instead of one!"
Me: "That's absurd! You really can't budget for two weeks? You would have more money! How could you not make that work to your advantage?!" <- not my exact words, but I was pretty blunt.
I love these people, and they work really hard, but just cannot get ahead. Some due to past mistakes, but as far as I can tell, they're not doing anything particularly ridiculous right now. They don't have a vehicle, both work full time... If their eating-out budget is seriously the thing holding them back, wow.
I cannot be the only one around here who wishes loved ones would just put me in charge of their finances! I could make their lives SO much easier..