Is your Job costing you money?
Would you believe that $500 per week can translate to $75 per
week take home?
This article is directed to all you women out there with
pre-school children who would prefer to quit your jobs and stay
at home with the kids but think you can't because you think you
"need" a second income. Don't be so sure. That 9 to 5 grind may
be costing you more than it's paying you.
Let's say you're a parent of two pre-school children and you're
earning $25,000 a year ($500 a week) in your full-time job.
Let's see where the money goes.
First of all, you don't have family nearby to care for your
children while you're working so you put them in daycare. That
takes care of $150 a week (if your lucky and you can find child
care that cheap), leaving $350. If you have three children, you
can forget it right now. Three children at $75 per week each is
$225 leaving only $275. You need a car to get to work and your
kids to daycare. Let's be optimistic and say you have only a
modest car payment of $50 a week. Your other expenses are fuel,
insurance and general maintenance. Fuel is $25 a week, insurance
$10. Allow another $10 a week for new tires, servicing and
repairs. So $95 a week goes towards your car. That leaves $255
left of your weekly paycheck.
Wherever you work you must dress according to the dress code at
work and be well-groomed. Allow $10 a week for clothes and
accessories, another $5 if you're female for cosmetics and hair
care products. There's another $15 a week leaving you $240 left
of your weekly paycheck.
With so much to do to get the kids organized in the morning, you
don't have time to make your lunch so you buy it every day. At
$5 a day that's $25 a week. You're down to $215 a week now.
And after putting in a full day at work you don't always have
the time or energy to cook a family dinner from scratch each
night and so once a week you pick up take-out on the way home
($20 for four people) and spend more on prepackaged foods at the
grocery store each week. Let's put this at another $20 a week.
This additional $40 a week for convenience foods leaves you $175
out of your weekly paycheck.
Still worth it, you say? Oops ... forgot about taxes, social
security and health insurance! Better deduct another $100 a week
for that little lot. Now you're at $75.
Now, you tell me, is $75 worth working a 40 hour week for? That
only works out to $3900 per year. Is your time really worth as
little as $1.88 an hour? And that's not even taking into account
what your income does to your partner's tax bracket! Without
being able to claim you as a dependant it may put their income
into the next tax bracket and the increased tax paid on your
family's primary source of income could well mean that the net
contribution of that second income is a deficit! If that's the
case, it's actually COSTING you to work outside the home.
If you find yourself in this situation, there is an answer a
home-based business. You can forget about daycare costs, you're
there! How difficult do you think it would be to make $75 a week
working from home? Easy! In fact, it would not be difficult to
generate the same level of income from your home business as you
were generating from your full-time job without the extra
expenses. Plus you get to raise your kids!
But because you don't need to incur the unnecessary expenses
such as daycare, vehicle expenses, clothing and food, you can be
MUCH better off.
Not only that, you can now claim home office tax deductions! And
all of that's just focusing on economics. Factor in lifestyle
and family issues and a home-based business can literally take
your life back and give you back to your family. Click on the
link below if you want to try a simple system that could easily
net you more that triple what you currently take home.
If you are anything like me and are tired of working for
nothing, you have nothing to lose, for a small fee, you can be
working from home with a few minutes.
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