Because a bit of basic math [no, no...cool math] felt like more fun than math with real numbers this morning...
[for non-exempt workers]
◊ 8.25 minutes at minimum wage pays for one *99¢ item
◊ $368 : monthly cost to feed a family of four, one *99¢ item each per meal
◊ 93 : meals per month per person
◊ 14 hours at minimum wage buys $100 in groceries
*before tax. Numbers based on 3 meals per day, per person [no snacks].
a few more [less cool] numbers
A person earning minimum wage, working 40 hours per week, will earn roughly $1,160 per month BEFORE any taxes or deductions.
For a $1,500 monthly income, Dave Ramsey's recommended Housing budget is $350 [25%]. For our number above, our Housing budget would be less than $290 per month.
less than $290 per month.
How would you afford NOT TO split rent/a mortgage with your parents, or roommates? I'm grateful for the Dave Ramsey's of the world, and for the internet. We CAN improve our financial situation. and we must confront the numbers.
image from SIMPLE ORGANIZED LIVING
|SIMPLE ORGANIZED LIVING understands why we resist the budget:|
10 Reasons People Don't Use Budgets
I think we may be in need of a budget makeover...
Until then Lovelies, a certain blogger has a bit of math left to do.
Have you written a post about budgeting?
Feel welcome to share a link in Comments.