the current minimum wage rate is $7.25. In a given year full time workers put in approximately 2,080 hours. If you multiply that by the minimum wage rate they will be pulling in $15,080 yearly ($1,257 monthly) before taxes. After taxes are deducted the take home would be $12,818 a year, or $1,068 a month. Surviving on minimum wage may seem close to impossible, especially in today's economy, but many families are doing just that. The key is to have a budget plan and know where you're going so there are no financial surprises in the way. There are several possible steps that you could incorporate in your budget plan, however 3 of them that you could use are: shopping at discount stores, getting creative with your work commute, and using credit cards
the current minimum wage rate is $7.25. In a given year full time workers put in approximately 2,080 hours. If you multiply that by the minimum wage rate they will be pulling in $15,080 yearly ($1,257 monthly) before taxes. After taxes are deducted the take home would be $12,818 a year, or $1,068 a month. Surviving on minimum wage may seem close to impossible, especially in today's economy, but many families are doing just that. The key is to have a budget plan and know where you're going so there are no financial surprises in the way. There are several possible steps that you could incorporate in your budget plan, however 3 of them that you could use are: shopping at discount stores, getting creative with your work commute, and using credit cards