Category: working

7
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Does Your Salary Match Your True Hourly Wage?

Sure, your salary agreement may say $50,000 per year…but how many hours are you working to attain that $50,000? If you are working a straight 40 hour week and taking 2 weeks off per year, you are making a very decent hourly wage of $25. If you are working a 60 hour week and taking 2 weeks off per year, your hourly rate drops down to $16.67 per hour. Putting in 75 hours a week like my brother does at his accounting job? Congratulations – you are now making $13.33 per hour. That $50,000 salary doesn’t sound so great anymore, does it? After all, while those paychecks might be of a decent size, you are trading a LOT of hours for that $50,000, meaning you are making about what the average first year employee in this country makes per hour. Are you a first-year employee? Then you are doing just fine. A veteran? Maybe not…

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4
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Laid Off? How To Protect Your Financial Security.

Once again, my favorite money-management newsletter comes to the rescue for those of you struggling with your finances after being laid off. I read the newsletter from T. Rowe Price religiously every month, and when I come across something worthwhile, I like sharing it with you guys. While there are many things people can do before they get laid off that can help with financial security, not many think about what they can do after they lose their jobs – and that’s where these 4 tips come in to play. For me, my biggest tip is to have an emergency fund that you constantly add to…it goes a long way to making you feel like you would be OK for a while if you lost your employment. But here is what the guys over at T. Rowe Price have to say, along with my thoughts on each:

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14
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If You Could Pick Your Benefits At Work, What Would You Pick?

Although in this economy, you might not have a choice – and you might be lucky to get a lollipop on your way back to your cubicle. But if you could pick, and/or if you are in the position as a business owner, than hopefully this post will garner a little bit of a discussion about benefits at work. I have worked for companies that provided 100% of my health care, free gym memberships and dry cleaning, unlimited days off (as long as it wasn’t abused), etc. – and I have worked for companies that didn’t provide anything at all other than a paycheck. And now I am self-employed so I have to create whatever perks I want, which is the way I would want it over anything a corporate gig could offer me. But since most people do in-fact work corporate jobs, let’s first take a look at a company well known for their incredible work/life perks: Google.

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9
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Layoffs At Your Company? More Work For Same Pay, But It’s Not Necessarily A Bad Thing.

After all, it means you still have a job. Many people have been looking for work for month and even years, so knowing you still have a desk to sit at for your company is just about worth the price you might pay. My brother spent almost 5 months unemployed for the second time in 2 years, and I am sure he would have preferred a little more work for the same pay in this economy. However, CNN/Money is phrasing it as “Layoff survivors are now stuck with more responsibilities and additional stress – for the same old salary“, turning what might be seen as a positive into a negative.

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working
7
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Should You Start A Business During The Recession?

Due to some pressing issues here on the homefront, I will be running a few guest posts this week. The following is a post by DebtKid, who writes about his journey to get out of debt, and achieve financial stability. He runs a small software development company in Seattle and just launched a new coupon section on his blog.

There are so many terms floating around out there it is hard to pick one to describe “the current economic crisis”. Everyone is wondering how long their savings will last, how badly their portfolio has been effected or how long the recession will last. The stress for many people comes from the feeling of not having control over critical aspects of their personal and financial matters.

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