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TopicMcDonald's and Visa show you how to budget to live on minimum wage
wolfy42
07/20/17 1:48:56 PM
#8:


Lol.....you can't rent a room for that much in most cities.

20$ for health insurance? If you have it free, and actually take any pills at all, that wouldn't cover your co-pays on your medicine. How do you get health insurance for $20?

Notice no mention of any kind of food etc, I guess thats part of the spending money, along with gas (hopefully you don't commute at all), water/sewage (as much as electric generally), general supplies (paper towels/toilet paper/cleaning supplies etc).

That being said, you could sort of make it work, by renting a room (usually can get one for around that price) that includes utilities already. Don't own a car (no car payment, no gas, no insurance) and walk to work (somewhere nearby since it's freaking minimum wage, there is a mc donalds in walking distance of most places).

You would not need a second job either in such a case, you could probably survive on just the mc donalds job if they actually gave you 40 hours a week (don't think they usually do though).

The current Fed min wage is 7.25 per hour. Say 7$ if you claim excempt on taxes (you still have SS taken out etc..so it's a bit less then that).

40 hours a week would be about 250$ after deductions...or 1k a month at minimum wage.

If you can find a room to rent for $600 amonth that includes utilities (and internet/tv hopefully), you could have $400 left over per month for everything else (Food/travel etc). You could live on it, barely, but you'd almost be better off in prison tbh, you get 3 meals there (not great but probably not much worse then you would be making yourself on $200 or less a month for food), you have TV to watch, books to read, and you don't work a 40 hour job (they do have jobs you can do, but you don't work 40 hours).

Nobody really wants to go to prison, it just might be better then living off min wage while working for mc donalds.
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