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is $33/hr a good wage to raise a family
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Driver     Reply with quote
wife 3 kids?
dwi     Reply with quote
l would say yes. Depending where you live it could work. You would have to budget if she doesnt have a job. You could make it work.
Gadget     Reply with quote
uuuuuuhhhhh yeaaaaaaa.
Drunk     Reply with quote
hell yea, that is more than enough.
Coach     Reply with quote
That is a take home pay of roughly 3300 a month. If you are frugal you can do it.
Kim     Reply with quote
Holy crap yes. l live on only $12/hour and get by fine (me + 1 child). l could easily support a spouse and 2 more kids on only twice that wage.
Lostyo     Reply with quote
yes it is but make sure you do not spend too much money
Bobyer     Reply with quote
Depends on the person it could be or could not be. Whats your lifestyler spending habits l mean l could do it with no problems
Kickshaw     Reply with quote
It is certainly enough for a happy life. l know families that do nicely on far less and those who are deep in debt on more. It all comes down to priorities and management.

The key is saving before buying. The only good debt is for a well-chosen house.
Lemon     Reply with quote
Sounds like a job l have heard of before. You can factor in your commute time. Fuel. Wear and tear on your vehicle. Of course there is the biggie.paying for your own health insurance. Do not forget about dues. In a nutshell, yes it is a good job. Just budget carefully and you and your family could live off twenty dollars an hour.
couzo     Reply with quote
$33/hr. If you're working 40hrs/week that is $1320/week x 52 weeks is about $68k. Factor in taxes and other take out expenses. What kind of benefits does the job offer? It sounds like a good job - lots of people live on WAY less. As long as you live within your means, budget well and do not go crazy with spending, it is sounds all be good :)
Callaway     Reply with quote
Yes, if u r careful. Here is a plan to help.

Here is a plan that can help you. If u work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before u get paid. A budget is not a punishment! It is a tool which will free u from ever having to worry about money again. Put everything in ur budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar u r going to bring home the name of where it is going. Add an ''emergency fund'' category to ur budget for 25 dollars & save up until u have 1000-1250 dollars. Your emergency fund will help keep u from getting into new debt because of an emergency. If u can, set up a direct transfer to a savings account for ur emergency fund. That way it moves automatically & u do not even have to worry about it. You must cut ur spending & live on less than u make.

2.First get current on all of u debts, if any, & make no more late payments. Stop using ur credit cards immediately. Do not take on any more debt. Credit cards r like quicksand only the death is much slower. Make a list of all of ur debts in order of highest interest rate to lowest interest. Use cash only for ur spending from now on.

3.Pay the minimum due on all of ur debts, if any, & then put ur extra money towards paying off the highest interest one first. After u get that one paid off, u put the money u were paying on debt #1 (the minimum payment & the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, u put all three payments towards card #3 & that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3:Mimimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, u will get them all paid off, on time, & pay the least interest. It will also help towards rebuilding ur credit since u will no longer have any late payments. This works no matter how many different debts u may have.

4. After u get all of ur debts paid off, add to ur emergency fund until u have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if u need the money u can take it out without penalty.

5a. When u have ur emergency fund in place, add a category for ''fun'' to ur budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal u want. Remember to enjoy ur life.

5b. When u have ur emergency fund in place, start saving for ur retirement. Join the 401(k) plan at work & contribute the maximum. Your employer probably matches at least part of ur contribution so why give up free money? Open a Roth IRA & contribute the maximum on a monthly basis. If u start saving for ur retirement now, u will probably retire a millionaire.

5c. When u have ur emergency fund in place, start saving for ur next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way u get the interest instead of paying the interest.

5d. Start saving for college.

You can do it & it is not as hard as u think. Just follow the plan.

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