Payday/ˈpeɪdeɪ/ Definition 1 of 2Pro Tip 1/3Regular Event Understand 'payday' as a regular, repeating event, often linked to work schedules. I budget every month around my payday. Pro Tip 2/3Financial Planning 'Payday' indicates the time when financial commitments are often met, like bills and rent. Can we pay the electricity bill after the next payday? Pro Tip 3/3Anticipation It often carries a sense of anticipation or relief, as it's when one gets paid. Everyone's excited for payday to buy concert tickets.