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RE: The Cost of NOT Understanding "Cost Of Living" - Lessons Parents Need to Teach Their Children

in LeoFinance3 years ago

Family of four estimated monthly costs are 2,848.25$ without rent (using our estimator).
That is very expensive. How much is the minimum wages? While in here minimum wages is about $300 monthly.

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The minimum wage in my state is $9.45 an hour.

That equates to $378 per week, $1,512 every 4 weeks, and $19,656 every year. And it is important to remember that is the amount before taxes are taken out.

It is challenging to live making minimum wage. To make more money, oftentimes both parents work, one or more parents pick up a second job, and/or the family requests assistance from charities or the government.