by Stacey Carroll, Contributing Writer
When we think about working, we think about the paycheck associated with it, not the expenses we incur as a result of working. I once figured out that on an average 40 hour week, I spent 1.5 days working to pay taxes. I spent another half day working to buy food for lunch, and another half day to put gas in the car. When all was said and done, I was only working 2.5 days out of every week for me and that was before all the other miscellaneous expenses associated with the job.
Cell Phones It used to be that employers provided cell phones to their employees if they needed to get a hold of them during the workday and after the work day. Since almost everyone now carries a personal cell phone, many companies no longer offer this option. It reduces expenses on the part of the employer and adds convenience for the employee. They only have to carry one cell phone. If you’re like me and only tend to use 100 minutes a month out of a 450 minute a month plan, you can easily absorb the work calls. However, I know a lot of people that use most of their minutes and text messages every month. This means that in order to absorb the work calls, those people have to increase their text messaging plans and their cell minute plans. That is an added expense associated with the job. If you have an unlimited talk and text plan, you're good, but plenty of people still have minute phones. Working Off The Clock It is illegal for an hourly employee to work off the clock. Of course, that doesn’t mean that companies don’t have unwritten rules that require working off the clock if all the work is not complete. I have had jobs that required research or online test taking while at home. I wasn’t paid for it, but it was required for the job. In the case of a salaried position, every hour after 40 hours is a decrease in hourly pay. I had a job that paid $40,000 a year or roughly $19.23 an hour, but I rarely worked 40 hours a week. Most weeks I worked 50 hours a week. I’d get on the road at 6:00am and arrive back home at 4:00pm. Then I’d have to take calls from customers on my personal cell phone. If the customer’s need couldn’t wait until the following day, I had to drive out again. The added hours decreased my hourly rate to $15.38 or less, and since the job was salary I never saw any overtime. I figured out that over the course of a month, I was losing almost a thousand dollars in overtime pay. Tip Jobs Certain positions such as waitressing and pizza delivery pay less than minimum wage. The employee works mostly for tips. The hourly pay for waitresses has not increased in 20 years. They still make $2.15 an hour. Employees are now required by law to report their tips for the day and pay taxes on them. Companies are also required to make sure that the hourly wage plus tips equals at least minimum wage. If it doesn’t, the company is required to make up the difference. Companies do not want to make up the difference. If the waitress only makes four dollars in tips for an hour, the company is required to pay her an extra $1.10 for that hour in order to bring her hourly wage up to minimum wage. Chances are the company isn’t going to do that. What they are going to do is plug in the minimum amount of tips to ensure that she made minimum wage whether she made that much or not. This is a two-fold gotcha. The waitress didn’t earn that extra $1.15 and she has to pay taxes on that $1.15 per Uncle Sam. Companies have come up with some creative ways to cut costs, and almost all of them are touted as being more convenient for the employee. While it might be more convenient, it is also an added cost for the employee. I make sure I know all the extra expenses before I start a job. Then I subtract them from the hourly wage. If I can live off of it, I take the job, if I can’t, I negotiate with the employer for a higher hourly wage. Just because it’s an employer's market doesn’t mean you need to let them nickel and dime you. Know the extra expenses associated with the job, and know the hourly wage you need to survive.
Author Bio:
Stacey Carroll is the author of the thriller series - Avia. She also authors the paranormal erotica series - The Blooddoll Factory. Stacey grew up in Indianapolis, Indiana. she went to college at Indiana State University (ISU) and graduated with a Bachelor's degree in aerospace in the professional pilot program. She has flown Cessna 152s, Cessna 172s, the Pipe Seneca and the King Air. She also graduated with a minor in computer science that specialized in web design. She has always been interested in reading and writing, and the first book she was ever read was the Grimms Brother's Fairy tales. From the ages of 6 to 11, she read the Nancy Drew series. By the age of 11, she had graduated to Stephen King novels. A few of her favorites include Carrie, Tommyknockers, The Dark Tower Series up to book 3 (That's where it stopped in the late 80s/ early 90s), Pet Semetary, The Shining, Night Shift, The Stand, It, Cujo, Christine, The Eyes of the Dragon and Thinner (Richard Bachman). In her teen years, she moved on to Anne Rice and got through about four of those books before they degraded. If you've ever read Anne Rice, you know book 5 isn't readable. Stacey has read a couple Harry Potter books as she was introduced to them in the early 2000s, and she's never read or watched anything Twilight or 50 Shades. Sorry. I'm a vampire purist, and nothing needs to be said about the latter. You already know. She is currently an author and freelance writer. She received an honorable mention in Alfred Hitchcock's Mystery Magazine in 2008 for a short story entitled The Field. In 2014, she was published in 13 Stories by Us by MacKenzie Publishing. Other books by Stacey
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by Stacey Carroll, Contributing Writer
It took me years to figure out my livable wage or the lowest wage by which I could pay all my bills and live comfortably. My mental guess at that wage was between $9 and $10 dollars an hour. I figured if I made $12 to $14 an hour I would be living very well. I was wrong.
It wasn’t until I hit $15 dollars an hour that I was able to pay all my bills comfortably and have money left over for entertainment. Instead of guessing and slowly increasing my hourly wage through promotions and job changes, I could have calculated my livable wage long before I took my first out-of-college job for $8.10 an hour. In fact, I would have known right away that $8.10 an hour wouldn’t pay my bills. Bills fall into three categories: Housing, Miscellaneous and Emergency. Housing Housing includes every bill related to living somewhere. For my housing bills I include my rent, cell phone, electricity and internet. The only bill in that list that isn’t a fixed amount is my electricity. I budget $100 for my electric bill or about $20 more than my average electric bill. That ensures that I have a buffer just in case I use more electricity than anticipated. I budget $750 for these expenses. Miscellaneous For my miscellaneous bills, I include food, gas, car insurance, medical insurance, my gym membership, and any other regular bill that isn’t directly associated with my housing. During times of low income, I know I can cut some of these expenses. I can buy less food, cancel the gym membership, and downgrade my car insurance. For me, these expenses are $400 to $600 a month. Emergency These are bills that simply can’t be budgeted for easily. They include car repairs, taxes, unforeseen medical expenses, and anything else that comes up suddenly and without warning. I try to budget $200 a month for emergencies. If I don’t use that money, it stays in the savings account, if I do; it’s not a hard knock against my regular finances. These three categories cost me an average of $1600 dollars a month or roughly $10 dollars an hour for a 40 hour work week, but that’s before taxes. When I figure out my lowest livable wage, I have to include 23% more than I need so that my net income is $1600 dollars a month. That means that I need a minimum of $12.30 an hour to pay all my bills or $15 dollars an hour to have money leftover for entertainment.
Author Bio:
Stacey Carroll is the author of the thriller series - Avia. She also authors the paranormal erotica series - The Blooddoll Factory. Stacey grew up in Indianapolis, Indiana. she went to college at Indiana State University (ISU) and graduated with a Bachelor's degree in aerospace in the professional pilot program. She has flown Cessna 152s, Cessna 172s, the Pipe Seneca and the King Air. She also graduated with a minor in computer science that specialized in web design. She has always been interested in reading and writing, and the first book she was ever read was the Grimms Brother's Fairy tales. From the ages of 6 to 11, she read the Nancy Drew series. By the age of 11, she had graduated to Stephen King novels. A few of her favorites include Carrie, Tommyknockers, The Dark Tower Series up to book 3 (That's where it stopped in the late 80s/ early 90s), Pet Semetary, The Shining, Night Shift, The Stand, It, Cujo, Christine, The Eyes of the Dragon and Thinner (Richard Bachman). In her teen years, she moved on to Anne Rice and got through about four of those books before they degraded. If you've ever read Anne Rice, you know book 5 isn't readable. Stacey has read a couple Harry Potter books as she was introduced to them in the early 2000s, and she's never read or watched anything Twilight or 50 Shades. Sorry. I'm a vampire purist, and nothing needs to be said about the latter. You already know. She is currently an author and freelance writer. She received an honorable mention in Alfred Hitchcock's Mystery Magazine in 2008 for a short story entitled The Field. In 2014, she was published in 13 Stories by Us by MacKenzie Publishing. Other books by Stacey by Stacey Carroll, Contributing Writer I hate cleaning. However, it is a necessary evil for those of us who don’t wish to live in filth. Since I like a clean apartment, I know I need to clean it, and I need to buy cleaning supplies. However, I don’t want to spend a small fortune on those supplies. I have found some interesting ways to save money on cleaning supplies without digging through the Sunday paper for coupons. Make Your Own There are several recipes online for making various types of soaps. My favorite soap to make is powdered laundry soap. It’s also the easiest with three ingredients: washing powder, borax, and Ivory bar soap. The initial cost of the supplies is about $15. With a half a box of borax, 12 bars of ivory soap, and a box of washing powder, I can make enough laundry soap to last two years. Each load takes two tablespoons of powder. I save about $120 a year by making my own laundry soap. Vinegar I can buy a gallon bottle of vinegar for about $2, and it takes the place of almost every all purpose cleaner on the market. Vinegar sterilizes and cleans and it’s environmentally friendly. The only other all purpose cleaner I need is bleach, and that’s only to get tough stains out from my counters and floors. I save about $200 a year by simply buying Vinegar and Bleach. To save even more money, I water both down to 75% concentration. Shower and Toilet Cleaners I can use vinegar and bleach on my shower and toilet, but I don’t prefer to. I prefer to use chemicals specifically designed to clean showers and toilets. My favorite two bathroom cleaners are Oxiclean and Works toilet bowl cleaner, and I can get both of those at the Dollar Store. I also buy my dish soap at the dollar store. This saves me roughly $100 a year on bathroom cleaners and dish soap. Trash Bags I don’t worry too much about the cost of a package of trash bags. What I am more interested in is the size of the trash bag. I can go through a 13 gallon trash bag in a day, so instead of buying 13 gallon trash bags, I buy 30 gallon trash bags. They cost a little more, but I use one 30 gallon trash bag a week verses five to seven 13 gallon trash bags. It saves me about $15 a month on trash bags. All in all I save about $420 a year on cleaning chemicals by making my own, and shopping at the dollar store. This decreases my cleaning budget substantially allowing me more cash for other items such as food and gas for my car. Author Bio: Stacey Carroll is the author of the thriller series - Avia. She also authors the paranormal erotica series - The Blooddoll Factory. Stacey grew up in Indianapolis, Indiana. she went to college at Indiana State University (ISU) and graduated with a Bachelor's degree in aerospace in the professional pilot program. She has flown Cessna 152s, Cessna 172s, the Pipe Seneca and the King Air. She also graduated with a minor in computer science that specialized in web design. She has always been interested in reading and writing, and the first book she was ever read was the Grimms Brother's Fairy tales. From the ages of 6 to 11, she read the Nancy Drew series. By the age of 11, she had graduated to Stephen King novels. A few of her favorites include Carrie, Tommyknockers, The Dark Tower Series up to book 3 (That's where it stopped in the late 80s/ early 90s), Pet Semetary, The Shining, Night Shift, The Stand, It, Cujo, Christine, The Eyes of the Dragon and Thinner (Richard Bachman). In her teen years, she moved on to Anne Rice and got through about four of those books before they degraded. If you've ever read Anne Rice, you know book 5 isn't readable. Stacey has read a couple Harry Potter books as she was introduced to them in the early 2000s, and she's never read or watched anything Twilight or 50 Shades. Sorry. I'm a vampire purist, and nothing needs to be said about the latter. You already know. She is currently an author and freelance writer. She received an honorable mention in Alfred Hitchcock's Mystery Magazine in 2008 for a short story entitled The Field. In 2014, she was published in 13 Stories by Us by MacKenzie Publishing. Other books by Stacey
by Stacey Carroll, Contributing Writer
When it comes to eating, I often fight between saving money and saving time. To spite the numerous 30 minute dinner articles, I’ve never found a dinner that took 30 minutes. Usually, it’s more like an hour to an hour and a half, not including cleanup. I don’t have that kind of time. Chances are if I’m cooking, I also need to be doing something else. Tonight was no different. I needed to eat, go to the gym, and write.
One solution was to put on my gym clothes, run to subway, buy a $5 sub, go to the gym, and skip the writing, or try to write after the gym in the hour that I’d have before bed. The five dollar sub saves time, but it costs money. I have frozen chicken patties in the freezer and frozen Rallys French fries. Both take 20 minutes to bake, and I can write while the food cooks. Since I had already eaten out twice today (breakfast and lunch), I decided no matter how healthy Subway is, I didn’t need to spend $15 on food for the day. I opted to save money versus saving time. Now, let’s say I really wanted that sub, but I didn’t want to go to Subway for it. Buying a sub kit can cost anywhere from $8 to $13, but that also means that I need to drive to the store, buy the sub kit, drive home, assemble it, and eat. I’m not saving money, and I’m not saving time. The third solution involves everything separately during my normal weekly shopping run: ham, turkey, lettuce, tomato, onion, jalapeños, mayo and a package of sub rolls. A half pound of ham and a half pound of turkey will run me somewhere between $7 and $8. Shredded lettuce is $1.50 to $2. Tomatoes run $1.50 a pound. Mayo I can pick up for $2 and jalapeños run about $1.80. The pack of sub rolls could cost me anywhere from $1.50 to $4. The out of pocket cost is around $20. I know I can make at least four subs taking my per sub cost down to $5.00, and I can use the leftovers for other things. However, if I don’t feel like making and eating four subs in a week, the food rots which translates into wasted money. For the single person, it’s the eternal catch-22. Do I potentially save money and risk wasted food, or do I save time and spend more? It depends on the day. However, for the sub example, I’ll almost always eat out. It’s cheaper, faster, and I don’t have to worry about rotting food in my refrigerator.
Author Bio:
Stacey Carroll is the author of the thriller series - Avia. She also authors the paranormal erotica series - The Blooddoll Factory. Stacey grew up in Indianapolis, Indiana. she went to college at Indiana State University (ISU) and graduated with a Bachelor's degree in aerospace in the professional pilot program. She has flown Cessna 152s, Cessna 172s, the Pipe Seneca and the King Air. She also graduated with a minor in computer science that specialized in web design. She has always been interested in reading and writing, and the first book she was ever read was the Grimms Brother's Fairy tales. From the ages of 6 to 11, she read the Nancy Drew series. By the age of 11, she had graduated to Stephen King novels. A few of her favorites include Carrie, Tommyknockers, The Dark Tower Series up to book 3 (That's where it stopped in the late 80s/ early 90s), Pet Semetary, The Shining, Night Shift, The Stand, It, Cujo, Christine, The Eyes of the Dragon and Thinner (Richard Bachman). In her teen years, she moved on to Anne Rice and got through about four of those books before they degraded. If you've ever read Anne Rice, you know book 5 isn't readable. Stacey has read a couple Harry Potter books as she was introduced to them in the early 2000s, and she's never read or watched anything Twilight or 50 Shades. Sorry. I'm a vampire purist, and nothing needs to be said about the latter. You already know. She is currently an author and freelance writer. She received an honorable mention in Alfred Hitchcock's Mystery Magazine in 2008 for a short story entitled The Field. In 2014, she was published in 13 Stories by Us by MacKenzie Publishing. Other books by Stacey
by Stacey Carroll, Contributing Writer
Starting a new job is exciting especially if it comes with a significant pay increase from your last job. In five years, I tripled my income. What I didn’t do was increase my standard of living, and it was tempting. One job added $5000 a year to my income. I figured out that I could buy a new Cadillac and a house, but I held off. As exciting as the pay increase was, I didn’t want to jump into more debt and bills than I could handle. Plus, if the job didn’t work out, I’d be financially screwed.
Here are the things you shouldn’t buy for the first three months after starting a new job. New Clothes When I’m looking for a new job, I typically buy new clothes for the interviews. I want to look fresh and presentable at each interview. Plus, if the company requires multiple interviews, I’m not stuck wearing the same outfit for each interview. The interview shopping sprees typically mean that I’ve already increased my professional wardrobe. I shouldn’t need to buy new clothes for the job itself, and I don’t want to. If the job doesn’t work out, then I’m stuck with hundreds of dollars worth of new clothes that I don’t particularly need, and can no longer afford. Lifestyle Upgrades It’s tempting to take the new job and pay increase to the store or the car lot, or to the real estate agent’s office. Hold off. I’ve had a lot of friends and family take their $2000 a year raise and spend $2000 in the first week on new computers, cars, home upgrades, and even new houses only to have the job not work out. In the worst case scenario, they’ve had to file for bankruptcy. Items For The Office Upon entering a job, I always want to make the space comfortable. This could mean buying a new office chair, bringing in my own coffee and coffee maker, buying pens, pencils, paper, notepads, and phone upgrades. Don’t do it. Aside from your new company not liking your changes, it’s money you don’t need to be spending straight out of the box, and items you may not be able to recover if they let you go. The reason to hold off buying any new and/or expensive items is to make sure the job is the right fit for you and the company. Waiting three months also gets you past the initial evaluation stage. After that you can feel comfortable in your new position and newly increased budget.
Author Bio:
Stacey Carroll is the author of the thriller series - Avia. She also authors the paranormal erotica series - The Blooddoll Factory. Stacey grew up in Indianapolis, Indiana. she went to college at Indiana State University (ISU) and graduated with a Bachelor's degree in aerospace in the professional pilot program. She has flown Cessna 152s, Cessna 172s, the Pipe Seneca and the King Air. She also graduated with a minor in computer science that specialized in web design. She has always been interested in reading and writing, and the first book she was ever read was the Grimms Brother's Fairy tales. From the ages of 6 to 11, she read the Nancy Drew series. By the age of 11, she had graduated to Stephen King novels. A few of her favorites include Carrie, Tommyknockers, The Dark Tower Series up to book 3 (That's where it stopped in the late 80s/ early 90s), Pet Semetary, The Shining, Night Shift, The Stand, It, Cujo, Christine, The Eyes of the Dragon and Thinner (Richard Bachman). In her teen years, she moved on to Anne Rice and got through about four of those books before they degraded. If you've ever read Anne Rice, you know book 5 isn't readable. Stacey has read a couple Harry Potter books as she was introduced to them in the early 2000s, and she's never read or watched anything Twilight or 50 Shades. Sorry. I'm a vampire purist, and nothing needs to be said about the latter. You already know. She is currently an author and freelance writer. She received an honorable mention in Alfred Hitchcock's Mystery Magazine in 2008 for a short story entitled The Field. In 2014, she was published in 13 Stories by Us by MacKenzie Publishing. Other books by Stacey |
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