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Leap Day

Discussion in 'Living Room' started by geoffw, 29th Feb, 2016.

  1. geoffw

    geoffw Moderator Staff Member

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    This is a day that those on annual salaries work for free. The annual salary doesn't change according to the number of days in the year.

    People with mortgages or loans pay extra today as well. At least the last time I checked it out, interest was calculated daily using the annual interest rate divided by 365. Even on leap years. So the annual interest rate is 1/365th higher this year.
     
  2. Vultures

    Vultures Well-Known Member

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    And for some (un?)fortunate to be born on this day, like a friend of mine, it's their first proper birthday in 4 years :)
     
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  3. teetotal

    teetotal Well-Known Member

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    Or you are paid for an extra day every year but a leap year. ;)
     
  4. Hodor

    Hodor Well-Known Member

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    Interesting. Surely there is a case to argue this amount be refunded, especially if you are on a fixed rate of x amount pa, I don't remember reading my rate will vary on a leap year.

    Clearly the banks are the enemy and IP investing is flawed, I quit.
     
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  5. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    The radio stations are banging out their usual, get a girl to propose on air to her boyfriend. Very predictable.

    I'd say yes on the condition we got married on the 29th of Febuary. She can pick the year.
     
  6. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Do brokers get an extra day of trails on leap years?
     
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  7. pinkboy

    pinkboy Well-Known Member Premium Member

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    @Gockie wont be happy about this after her settlement dilemma earlier this month......

    pinkboy
     
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  8. Rixter

    Rixter Well-Known Member

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    Those investors who collect rent monthly as opposed to weekly also miss out a days rent. :eek:
     
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  9. pinkboy

    pinkboy Well-Known Member Premium Member

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    And those of us who pay lease by calendar month always feel ripped off in February - so the extra day is nice.

    pinkboy
     
  10. geoffw

    geoffw Moderator Staff Member

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    So they pay more mortgage, get less rent and get less pay.
     
  11. datto

    datto Well-Known Member

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    Bogans don't recognise leap years. Many will be signing their dole forms today as 1 March.
     
  12. TMNT

    TMNT Well-Known Member

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    Im pretty sure bogans dont even know the existance of 29th of feb.

    Its pretty hard to concentrate after a joint or a bourbon and cola in the morning :)
     
  13. TMNT

    TMNT Well-Known Member

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    And in pretty sure all those qualified economisits and mathematicians will spend a full day or more calculating the difference in salary under paid work time :)
     
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  14. geoffw

    geoffw Moderator Staff Member

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    I heard about the bogan couple who had a grow house. When they separated they were fighting for joint custody.
     
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  15. willair

    willair Well-Known Member Premium Member

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    Sounds like with the new legal changes,that tax free business model has gone up in smoke..
     
  16. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    February is about the only month I don't hit my data cap on my phone and have to shell out the extra $10 for extra data. (I think i'm still good with the extra day). :)
     
  17. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Did they mull it over?
     
  18. Brian84

    Brian84 Well-Known Member

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    I heard the dumbest thing a news reporter has ever said. She said there are 15 couples getting married today so if they manage to make it to their 75th wedding anniversary than they would have been married for 300years.
     
  19. Greyghost

    Greyghost Well-Known Member

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    Worked for free yesterday..
     
  20. geoffw

    geoffw Moderator Staff Member

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    It's even worse for those in the US.

    They choose the longest years to run their presidential campaigns. An extra day of politics.