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Old 09-04-2012, 09:15 AM
LaneSig LaneSig is offline
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Join Date: Feb 2006
Location: southern Missouri
Posts: 5,020
PM_Mama and AlphaFrog-

$23 times 40 = $920 for a week's pay.

$920 times 4 = $3680 for the month.

$3680 times 67% (which is the average take home pay after taxes, insurance contribution, etc.) = $2465 for a month

$2465 times 12 = $29580 for a year's take home pay.

$29580 to buy groceries, gas, rent (or home mortgage if lucky), utilities, etc. Most people would have trouble making due on that as a single person. Now, add in a family. Even if your spouse is making a 2nd income, it's still going to be tough.
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