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The cost of working for someone else.
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Annual Salary
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Gross Monthly Salary from J.O.B. (acronym for "Just Over
Broke!")
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FICA @ 7.5% (includes Medicare)
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Federal Tax (typically 28%-35%)
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State Tax (typically 4%-8%)
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Miscellaneous Paycheck
Deductions (insurance, donations, etc)
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Car Payments
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Commuting Fees &
Gasoline (tolls, passes, etc)
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Meals (coffee,
snacks, lunch, etc)
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<-- Use 2 year timeframe Car
Maintenance (tires, brakes, repair, etc)
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<-- Use 1 year timeframe Car Fees (insurance, inspection, etc)
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<-- Use 1 year timeframe Clothing (shoes, shirts, suits, underwear, etc)
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<-- Use 1 year timeframe Accessories (earrings, jewelry, watches, etc)
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Clothing Maintenance (washing, dry-cleaning, repairing, etc)
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Childcare / Babysitting
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Hair Care (haircut, salon, nails, etc)
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Makeup (lipsticks,
foundation, blush, etc)
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Personal Care (shampoo, soap, skin care, cologne, etc)
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Total Monthly Expenses Just
to Show Up at Work
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Percentage of Income Spent
to Work
for Someone Else! |
WARNING!! THE ABOVE DOES NOT INCLUDE:
Mortgage, Utilities, Family Expenses,
Vacations, Entertainment, etc
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