Monthly Expenses
Rent $522 monthly
Food $900 monthly (Me, my Wife & 4 Kids)
Internet/Phone $84
Carfare or Gas monthly $233 (2 monthly metrocards for us)
2 Cell phones $80
$1,819.00 monthly
2nd double that amount... $3,638.
Divide that by 4... $909.50.
Divide that by 40... $22.73
$22.73 is the minimum amount you need to make per hour
alone but half that ($11.36) if you have a partner!
So a couple making $12 per hour for 40 hours per week times
4 weeks times 2 = $3,840 monthly income!
Subtract your monthly expenses from your monthly income:
$3,840 - $1,819 = $2,021
Then put away the same amount of your expenses (taken from what's
left over)...
2,021 - 1,819 = $202
$202 monthly to do whatever with!!!
This is when it's time to think of some side hustles or add a new job to
the equation!!!
also these numbers will be a lot lower due to state or federal taxes...
don't forget to check that...
I hope you enjoyed and found this useful!!! Share with family & friends and
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