The unemployment benefits system is a lifeline for those who have lost jobs through no fault of their own and need help before they can find another position.
This federal unemployment program is administered by the states, and the rules differ, depending on where you live. However, there are some basic guidelines for how to file for unemployment no matter what state you’re in.
Here’s what you need to know about filing for unemployment.
What Is Unemployment?
Unemployment insurance is meant to assist a specific group of people that lost their jobs by temporarily replacing a portion of their wages. You must meet specific eligibility requirements to collect unemployment. Collecting unemployment benefits could help you survive a layoff.
While unemployment requirements vary by state, generally, you need to have lost your job through no fault of your own and worked a certain amount of time or earned a specific amount of income. Some states have additional requirements. Be sure to check with your state’s unemployment office.
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Filing for Unemployment
The first question to ask is if you’re eligible for benefits in the first place.
Typically, to be eligible for unemployment you need to have worked a salaried job for an employer. Employers pay federal unemployment tax to fund the unemployment account of the federal government. Businesses also may have to pay state unemployment taxes.
By working a set amount of time — it varies from state to state — for an employer that pays that tax, you become eligible to receive unemployment benefits.
The first part of eligibility relates to how you work. The second part relates to how you stop working.
Unemployment is designed to assist those who are no longer working “through no fault of (their) own,” according to the Department of Labor. While each state’s exact rules are different, the general guideline is that you are only eligible for unemployment if you’ve lost your job for economic reasons on the part of your employer as opposed to having been terminated for cause or having left voluntarily.
If you meet the two conditions, you can usually then apply for unemployment benefits from your state. You can use these funds to pay your bills during a job loss.
There are some basic commonalities among the states: You will need to provide your address, phone number, address of your former employer, Social Security number, and the dates that you were employed by your former employer.
How Much Will You Receive?
It varies by state, but the average maximum benefit amount in the third quarter of 2022 was $392 a week, according to the Center on Budget and Policy Priorities. Your unemployment benefit is based on your former wages, with higher-wage workers typically getting more benefits, up to a cap.
The amount you get varies by state and it ranges widely. Having an emergency fund can help tide you over until you find a new job.
This is also a good time to create a budget so that you can carefully track your spending and savings.
Which Kind of Benefits Are You Eligible For?
If you receive a Form W-2 and lose your job through a layoff, you will typically be eligible for unemployment Insurance.
If you’re self-employed or an independent contractor, you generally can’t receive unemployment because you haven’t paid into the unemployment fund. However, it may depend on the specific law in your state. Check with your state’s unemployment office to find out if you may be covered.
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When to Apply
Apply as soon as possible. It can take weeks for claims to be approved, so apply right after you lose your job, if possible. You can apply through your state’s unemployment office.
How to Apply
This varies state by state, and you should check on your state’s procedures. You can typically apply online or over the phone.
How Long Does It Take to Receive Benefits?
The Department of Labor says it typically takes “two to three weeks” to receive benefits, but it can take longer.
You will receive benefits for the full amount of time from when you successfully applied (in some states there’s a one-week waiting period), not just from when you started receiving benefits.
How Will You Receive Benefits?
Once again, there are variations among states about the form in which your unemployment benefits are received.
Some states offer direct deposit, meaning you can receive your unemployment benefits as you would your paycheck, directly into your bank account.
Others disburse benefits through a debit card mailed by the state.
One benefit of using a debit card is that an unemployment recipient does not need a bank account in order to access benefits. While this is convenient for those without bank accounts, there are some downsides, like limits on ATMs that can be used without fees, and the general limitation on which merchants accept debit cards.
Using a debit card also puts you at the mercy of the mail before you can start using benefits. If you were getting paid from your job via direct deposit, you will likely receive your benefits faster.
You may want to consider opening a bank account, if you don’t have one, to get your unemployment faster and easier via direct deposit.
How Can You Remain Eligible for Benefits?
Again, this varies by state, but generally you need to have a record of seeking work to remain eligible for unemployment benefits. States may have some kind of form or portal that you’re required to fill out or log into to show that you are looking for work.
Recommended: How to Handle Student Loans During a Job Loss
How Long Do Benefits Last?
Unemployment benefits last 26 weeks in most states. However, several states provide fewer weeks of benefits, and two states (Massachusetts and Montana) currently offer a bit more.
The Takeaway
If you lose your job through no fault of your own, unemployment insurance can cover some of your lost wages as long as you meet the eligibility requirements. File for unemployment with your state unemployment office as soon as you can, since it can take several weeks to receive benefits.
You may obtain your benefits faster through direct deposit. With a SoFi Checking and Savings account, your unemployment funds can be deposited directly into your account. You’ll also earn a competitive APY, which can help your money grow, and you’ll pay no account fees. Nor is there a minimum balance to meet.
Open a new account today with SoFi Checking and Savings.
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SoFi members with direct deposit can earn up to 4.20% annual percentage yield (APY) interest on Savings account balances (including Vaults) and up to 1.20% APY on Checking account balances. There is no minimum direct deposit amount required to qualify for these rates. Members without direct deposit will earn 1.20% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. These rates are current as of 4/25/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners. SOBK0523016U
Whether you’re after the warm sunshine, the dry climate or the delicious food, Tucson, Arizona, has something to offer tourists and residents alike. This Southwestern city is home to the University of Arizona, but it’s so much more than a college town – it’s a cultural haven for art lovers, a destination for outdoor thrill seekers and a scenic wonderland for anyone who loves blue skies and the prickly spires of a Saguaro cactus.
With a population of nearly a million, Tucson is the second most populous city in Arizona. There are plenty of reasons to look for an apartment here, but which neighborhood will be right for you? Apartment Guide ranks the most-searched neighborhoods on the site within Tucson from Jan. 1 through June 20, 2014. Which of these is your favorite place to enjoy a margarita and soak up the sun?
Right in the heart of Tucson, the Downtown area is the city’s most-searched neighborhood on Apartment Guide – and it’s not hard to see why. With colorful buildings, blue skies, scenic mountains in the distance and giant cacti dotting the landscape, Downtown Tucson is where Southwestern culture meets modern amenities.
Downtown Tucson is a perfect neighborhood for the culture vulture – music, museums, restaurants and shops are everywhere you look. The area is an amazing mix of old and new; modern attractions sit alongside remnants of Tucson’s history. Get a taste of what life in Tucson was like prior to the 20th century at the Presidio San Agustin del Tucson, a former Spanish fort that’s now a hands-on interpretive center. Take a walk down Congress and you can’t miss the historic Hotel Congress, where infamous bank robber John Dillinger was arrested.
History buffs can get a break from the sun at the Southern Pacific Railroad Station, built in 1907, while families can enjoy the Carnegie Library, which is now the home of the Tucson Children’s Museum. And if you don’t feel like walking, hitch a ride on the new streetcar! The four-mile route is a green way to get around the Downtown neighborhood.
Just to the north of Downtown is Central Tucson, one of the oldest and largest neighborhoods in the city. Encompassing the Broadway Village shopping center and the University of Arizona, Central Tucson is known for being especially bike-friendly. If you enjoy getting around on two wheels, the tremendously popular Third Street/University Bicycle Boulevard provides a safe way for cyclists of all ages to get to Tucson’s best restaurants, shops, and other attractions. It’s bike-only except for light local traffic.
You’ll also find plenty of museums and art galleries in the neighborhood, which is why it’s home to the Central Tucson Gallery Association. During the summer, on the first Saturday of each month, the galleries stay open late so people can stop in for some culture and refreshments.
Northwest Tucson is an ideal spot for families and anyone who enjoys a good mix of outdoor and indoor activities. It encompasses Mansfield Park, which includes plenty of water to cool off in during a hot summer day. This three-pool complex has a diving bay with 1- and 3-meter boards; a wading pool; a 25-meter lap pool and even a water slide.
Located just north of Tucson, Catalina Foothills is one of the most affluent areas in Arizona. Popular for tourists and residents alike, it’s near several popular outdoor recreation areas: Sabino Canyon, Bear Canyon, Pima Canyon, and Ventana Canyon. The neighborhood is also known for its resorts, as well as the DeGrazia Gallery in the Sun, which is on the National Register of Historic Places.
Choose from dozens of well-reviewed restaurants, ranging in cuisine from Mexican to Japanese and nearly everything in between. When it’s time for a stroll through town, stop at any of the upscale shops or galleries that dot the streets. Catalina Foothills is the perfect place for a renter who enjoys the finer things in life.
Eastside is a small neighborhood of Tucson that includes Case Park. Bordered by E Broadway Boulevard to the north, E 22nd Street to the south, S Houghton Road to the east and S Harrison Road to the west, Eastside is an ideal place for lovers of the outdoors. Case Park includes hiking trails, large grass fields, picnic tables, a playground, and even a butterfly/hummingbird garden.
Eastside is also known for its giving spirit. The Eastside Neighbors Volunteer Program is a popular local nonprofit to help senior citizens in the area.
Go Wildcats! Home to about 40,000 students, the University of Arizona is best known for its College of Medicine, College of Law and its top-ranked geology program, according to U.S. News & World Report. UA’s degree programs in pharmacy, analytical chemistry, photography, and philosophy are also very popular.
The neighborhood surrounding the University of Arizona is full of apartments for college students who don’t want the dorm life. E University Boulevard is one of the busiest streets in town, full of hotspots for students to meet up and have fun. When it’s time for some quieter entertainment, there are plenty of museums and galleries in the neighborhood to visit.
With a median age of 18, the University of Arizona Campus neighborhood is perfect for students who want easy access to the university and local amenities.
Just across the Rillito River from the Catalina Foothills is Winter Haven, an apt name for a place where so many people come to enjoy mild temperatures while the rest of the country is snowy and cold. But that doesn’t mean the holiday spirit isn’t present – just the opposite! Winter Haven is famous for its annual Festival of Lights during the holiday season, which always benefits a local food bank. People can drive through the neighborhood to take in the lights, or take a hayride or trolley ride instead.
Another hotspot for cyclists, Starr Pass is known for its road and mountain bike paths. Located just east of the Tucson Mountain Park, which adjoins Saguaro National Park, Starr Pass is home to several golf courses, the popular JW Marriott Resort & Spa, as well as stunning views of the Southwestern landscape.
Plenty of tourists come to Starr Pass to saddle up their two-wheeled steeds and bike among the cacti, and when they return after a long day on the trails – perhaps after visiting the Arizona-Sonora Desert Museum or the International Wildlife Museum — they can relax at any number of bars and restaurants in the neighborhood.
Right near the center of town is the Broadway/Pantano East neighborhood, a residential area that touches the banks of the Pantano Wash. The neighborhood gets its name from its boundaries – E Broadway Boulevard is to the north and S Pantano Road is to the west.
Jesse Owens Park is a great place for a game of catch or to let the kids run around before they return to school at Harold Steele Elementary. You can also stock up on delicious local produce at the Jesse Owens Park Farmer’s Market, where neighbors meet every Friday to catch up and peruse the vendors’ booths.
Although it’s technically its own city, South Tucson is surrounded by the city of Tucson. It’s just one square mile but packed into that square mile are many Mexican restaurants, colorful buildings, and outdoor murals. Its population is mostly made up of Mexican-Americans and Native Americans.
Santa Rosa Park and Santa Rita Park are both great places to soak up some afternoon sun. The Children’s Museum of Tucson is near the northern border of the neighborhood. Hwy 10 – one of Tucson’s main arteries – is just to the west, making it easy to get just about anywhere else in the city.
That’s our take on Tucson! What’s your favorite thing about this vibrant Southwestern city?
My mother was quadriplegic by the time I was in high school. My dad was a real estate agent who worked on commission, so he worked long hours to make ends meet. As a result, I took on a lot of responsibility at a young age.
I cooked and cleaned and did all the grocery shopping. I did the laundry and paid the bills (in the “balancing the checkbook and writing the checks” sense, not the earning money sense). I took my mother to the bathroom, fed her, and tracked her pill regimen. And most importantly, I believed that a college education was a good value.
I knew my parents couldn’t afford to send me to college, and I wasn’t allowed to have a job because of my responsibilities at home. So in lieu of saving for college, I threw myself into everything school had to offer.
I was salutatorian. I was on the dance team and the academic team. I was secretary of the service club and president of the math club. And it worked: not only did I get out, I graduated from college with a 4.0. Then I went on to get an MA and a PhD. Unfortunately, I got $100K in debt to go along with it.
I mention this only because it begs the question: what leads a (relatively) smart person to make almost ten years’ worth of poor financial decisions? As immoral as universities may be, there’s more to any individual’s decisions than external influence.
Undergrad: An Auspicious Beginning?
When she was young and healthy, my mother had a full ride to Boston University. She dropped out because she wasn’t doing well in her pre-med classes; what she really enjoyed was writing. I remember asking her, “Why didn’t you just change your major?” She said it never occurred to her.
She eventually did get an Associate’s degree from the local community college. However, she always regretted not completing a Bachelor’s degree. Her experience led her to believe that the best degree was the one that you finished. She also believed that if you picked something you enjoyed, you were more likely to do well and be happy.
When I started thinking about college, my dad said “smart people major in business.” He suggested, “not that I’m telling you to follow in my footsteps, but female real estate agents make a lot of money.” My mom would nod sagely at his advice. Then after he left the room, she would stage-whisper, “do whatever makes you happy!”
I attended a state school, since the Florida Bright Futures lottery scholarship paid for 100% of my tuition and a book allowance. I was a National Merit Finalist. I received Pell grants and a variety of other scholarships. Since my education was paid for regardless of major, I followed my mom’s advice and did what made me happy. I was a creative writing major and a psychology minor. I worked as a server and a tutor at the writing center. As a result, I graduated with no debt.
Grad School: The Downward Spiral Begins
I was intimidated by the thought of graduating and getting a “real job.” Instead, I decided to keep doing what I had always been successful at: school. I started an MA in creative writing. I also worked on campus 35 hours a week, teaching and tutoring. However, graduate tuition was expensive. Luckily, Stafford was there to fill the hole. I knew it was a loan, but I’d never borrowed any money before. I didn’t have a concept of what borrowing really meant in terms of paying it back.
During this time I loved my job so much that I decided I wanted to run a writing center. My boss had a PhD in rhetoric and composition. I researched programs, applied to three, and accepted an offer from a top five program. It entailed moving across the country, which I couldn’t afford; I wouldn’t get financial aid until fall. Enter credit card debt.
The cost of living in my new city was also much higher. Again, Stafford and Visa filled the hole (though there were still a couple of weeks between moving and financial aid kicking in where I didn’t wash my hair because I couldn’t afford shampoo).
Yes, I was taking out more loans. But I was only making $14,000 a year and my paychecks were $750 apiece. The average starting salary of $50,000 was three and a half times what I was making. That could only mean my paychecks would be three and a half times bigger. Right?
Somehow the fact that this $14,000 was spread over nine months instead of twelve didn’t seem significant. Taxes and payroll deductions for things like health insurance weren’t even on my radar. I also don’t recall a single time when I saw a total of how much I’d borrowed until my degree was almost complete.
Graduation Approaches: I’m in Over My Head
Even when I saw my total of about $100,000, it was poor math all the way. I thought, Okay, I was in grad school for eight years. That means I borrowed an average of $12,500 per year. I was also making $14,000 per year during that time, so my average income was $26,500 per year. But soon I’ll be making $50,000. That’s twice as much! This is no problem.
My program also claimed it had a 100% tenure-track job placement rate. It didn’t occur to me that this couldn’t be possible until after I was advanced to candidacy and took a job search class. Then, this statistic was amended to “100% of students who wanted to be on the tenure track ended up with tenure-track jobs.” Who doesn’t want tenure?! I thought. This won’t be me. This is no problem.
I did know, of course, that getting a PhD in the humanities wasn’t going to make me rich (although the professors in my program all had 3000+ square foot homes in the nicest area of town). But it was more important to be happy than to be rich. Besides, I grew up poor. I was familiar with it. It didn’t sound scary.
Then I went on the job market. My hottest lead turned out to be in Punxsutawney, Pennsylvania, and I had a few realizations. I didn’t want to live 200 miles from the nearest urban center. Not only that, I couldn’t even if I wanted to: Jake and I had been dating for over a year. Our relationship was getting serious enough that he needed to be a factor in my plans.
By this time he’d graduated from law school and had a job making $90,000 per year. He was traumatized from the bar exam. The thought of taking another one only a year later gave him cold sweats. Even if he was willing to do it, he couldn’t afford to make much less. A salary of $90,000 a year would be impossible to come by in a tiny rural town. Now my job search was what they called Geographically Restricted. That’s academic speak for “it’s your own fault if you don’t end up on the tenure track.”
Suddenly, Unexpectedly
So I moved to Jake’s city and geared up for another year on the job market. I got a full-time administrative position in summer 2008, right before the economy tanked. The week after they hired me, my institution implemented a hiring freeze. Six months later, they instituted furlough.
I combed the national job lists in my field, but I was Geographically Restricted. Even if I wasn’t, it was one of the worst job markets in memory (and memory didn’t have a lot of good years anyway). And then, there was the unexpected — though, given that I think I’m psychologically predisposed to happiness, maybe I should have expected it.
It turns out I LOVE my job. I love the work I do and the people I work with. I love the city I live in (even if it’s 109 degrees outside right now). I have family in the area. Jake grew up here. At this point, he has over five years of business connections here, and I have four.
At some point, the the life I was living “for now” had become The Life I Want to Live. I have a ten minute commute. I leave work at 5 p.m. every day and don’t need to think about it until the next morning. I don’t check email during my off hours. I don’t work in the evenings. I have pets, I am a hobby chef, I read novels. I think I would have enjoyed the tenure track, but I don’t need it to be happy.
I just need to get our financial situation under control so I can keep living this life.
What About You?
This is my story. This is only my story. I cannot speak for others with student loan debt. But I know many, many people with high student loan debt (including lots of folks with totals higher than mine). So I know you’re out there, fellow student loan debtors!
Let’s build on last week’s discussion (go check out the comments there as well!). What’s your situation? How is it different than mine? How is it similar? I am especially interested in:
Your total student loan debt
What degree(s) you have
When you went to school
Whether anyone talked to you about student debt or the job prospects in your field
Whether the information you received about student loan debt or the job prospects in your field was accurate
What you wish you had done differently/advice for others
How you’re dealing with your debt
There are obviously many decisions I could have made differently. It’s undeniable. But since I can’t go back in time and make different decisions, I’m declaring a statute of limitations on regret. Plus, I’m taking responsibility for my errors in judgment and paying the loans back. I have to, since you can’t discharge student debt in bankruptcy.
However, as Robert Brokamp pointed out, there are systemic problems with student debt in this country (check out this paper for some facts on six-figure student loan debt). Those of you who have been through the system, how would you change it?
A package of new laws in New York will help veterans with employment, business ownership and home-buying.
One bill creates a task force to explore veteran employment opportunities. The second will protect veterans who are eligible for VA home loans from scammers. The third will make it easier for disabled veterans who own businesses to access capital.
“This is very important bipartisan legislation that really now seeks to make impact on one of the biggest challenges that our veteran population faces not just here locally in Suffolk County but throughout the state,” said Assemblyman Steve Stern (D-Dix Hills), who worked to pass the bills.
Stern, a member of the Veterans’ Affairs Committee, said the trio of laws will boost veterans economically and protect them financially.
“Imagine a situation where a veteran who has served all of us comes home and is seeking home ownership, only to become the victim of a scam when utilizing his or her much earned benefit,” Stern said at a news conference in Hauppauge announcing the laws. “That should be unacceptable to all of us.”
The law provides education and counseling for veteran home-buyers to protect them against fraud when they apply for a VA home loan.
Suffolk County is home to one of the largest veteran populations in New York.
Inside: The top 10 excuses to miss work. Here are some good excuses to use as cover stories for your absence.
Do you have a legitimate excuse to miss work?
There are many reasons why you may have to miss work. If you’re tired, hurt, sick, or otherwise unable to make it in on time, here are some good excuses to call off work that will help cover for your absence.
Your boss is crazy and your co-workers are pushing you to your limit. In reality, they really just want someone else to shoulder the workload while everyone else takes an easier workload.
If so, do not fear. There are plenty of excuses that can be used by people who really want to take sick days or vacation days off from their jobs.
So, on those days when nothing more than staying in bed sounds appealing, then read through these work excuses for a good time! Some may have believable excuses for missing work and have some fun with them!
Not only do these excuses help cover up the real reason why people are absent at work. We all know the Great Resignation is real and people are tired of working. Do really need reasons to call out of work?
Here are the best excuses for missing work…
What is the best excuse to miss work?
Well, honestly, that is the excuse that won’t get you fired.
Below is a plethora of excuses to use to miss work.
Bulletproof excuses to get out of work
The reality is that most people can’t fully enjoy their life without a job. That’s why many jobs are considered essential, like those at hospitals, fire stations, and police departments. Still others, like working at a coffee shop, are just fun.
But what happens when you have to miss work? The next time your boss is looking for someone to cover and you can’t get out of bed, you’ve got to come up with a good excuse.
If your job is anything like mine, there’s always something that needs to be done. And when I say “needs to be done,” I mean that your boss is probably standing over you while you’re doing it. So when you find yourself in a situation where you have to miss work, the last thing you want to do is give your boss a lame excuse.
So when you ever find yourself in a situation where you need to give an excuse for why you don’t want to go to work, this article will help show some good ways to come up with believable and convincing reasons for why you couldn’t make it to the office.
The top 2 best bulletproof excuses to get out of work are…
Specifically… good excuses to call off work last minute examples…
Excuse #1 – I’m sick.
If you’re not calling in sick very often, try to use other excuses like stomach issues or a high fever. It might be more believable since those are common illnesses.
Excuse #2 – I have a doctor’s appointment.
I have a doctor’s appointment and I don’t need to make up any excuses.
Simply put… there isn’t much you can do in this situation. While your employer would prefer if you schedule the appointment on a non-work day, that always isn’t practical.
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This hilarious coloring book for grown ups will create plenty of laughs all round.
Don’t take out your stress on your coworkers, take it out on this mini punching bag!
Other Good excuses to miss work
One should never be left without an excuse as there are many different reasons why you may want to miss work.
Excuse #3 – Pet emergency
Here is the soft spot for 95% of managers…their pets.
If you have a pet emergency and can’t get to the office, send your boss a message that your pet’s condition is worsening and they need to see the vet right away.
Some workplaces won’t mind if you use personal time for routine checkups on pets. A good excuse to leave work early could be just the thing you need.
Excuse # 4 – My car needs repairs
This is one of the easiest excuses to use, with or without a car. If you’re unable to get your car to the shop for repairs, let your boss know ahead of time and give them an estimate as to how long you’ll be out of work.
This will help ensure that your absence doesn’t cause too much disruption in the office.
For many driving a beater car is the norm, so repairs can continually happen.
Excuse # 5- I need to stay home with my kids because their school is closed
Honestly, this has been more true than ever since 2020!
Parents have experienced swift closures of schools for various reasons. If the kids’ school is closed and you need to stay home with them, that’s a valid excuse to miss work.
In fact, many bosses would understand if you needed to take care of your kids during a natural disaster or another emergency. Just be sure to communicate with your boss in advance if possible, and make up the time later on.
Learn specific good excuses to miss school.
Excuse #6 – I need to stay home with my kids because there is no one to watch them.
While this happens, it is also a warning flag for poor planning to make sure you have secured child care in advance.
While there are certainly valid reasons for wanting to stay home with your kids, please do not use any excuses related to your children if you don’t actually have any. This is dishonest and could lead to negative consequences.
Excuse # 7 – Wifi / Internet Issues
Computer-related issues and wifi problems are the top two reasons to call off work. In fact, according to a survey of 2,000 employees, 60% of professionals identify slow wifi or internet connection speeds as one of their greatest problems.
Workflow is impeded by these types of issues, making it difficult for people to get their jobs done. In some cases, employees have no choice but to take the day off.
This has happened in our household when a city contractor cut our fiber internet line.
Excuse #8 – A family member is in the hospital and I need to be by their side
If you find yourself in a situation where you have to take time off from work to be with a family member who is hospitalized, it’s important to communicate with your boss as soon as possible.
Make sure you know what the company policy is for taking time off and be prepared to provide documentation if needed. Let them know how long you anticipate being out of the office and try to keep them updated on the situation.
While family emergencies happen, be wary if this becomes a common occurrence with different members of your family each week.
Learn more about family emergency excuses.
Excuse #9 – There was a major traffic accident on my route to work and it will take hours to clear the roadways.
If you’re looking for a great excuse to miss work, “traffic” is always a good one.
Whether there was a major accident on your route or the roads are just backed up, it’s easy to say that you couldn’t make it in today.
However, with the availability of news and navigation apps, you better make sure this major traffic accident impedes you from getting to work and there are no other routes possible.
Also, be prepared to work remotely.
Excuse # 10 – Court date
Missing your court date isn’t something you want to do. In fact, this is something you should have planned for in advance by taking time off work.
“Contempt” is a charge for not attending court, and it is punishable by law. So, your court date is more pressing at the time.
You should always try to contact your employer as soon as possible to inform them of the situation.
Excuse #11 – Home Emergency
If you own your home, there are always unexpected issues to take care of. Plumbing leaks, broken windows, and faulty wiring can all turn into emergencies if not taken care of right away.
This is one the good excuses to miss work on short notice.
That’s why it’s important to have a plan for when these things happen. Make sure you have a list of contacts for emergency repairs and keep some money saved up in case you need to pay for them out-of-pocket.
Your boss will understand if you have to miss work to take care of an emergency at home – just be sure to mention the emergency problem when you call in sick.
Excuse #12 – Religious holidays
The holidays we celebrate are a reminder of the holidays and traditions of countries all around the world. The holidays that are recognized are usually the common holidays in the country where you are working.
However, if you are from a different country, you may want to recognize a religious holiday that is sacred to you.
This is a protected excuse to miss work. Just say, “I am observing a religious holiday that does not fall on a recognized national holiday.”
Excuse #13 – Mental Health Day
Mental health days are a great way to take a break from work and relax. Sometimes, we all need a day to just forget about our responsibilities and stressors.
If you’re feeling overwhelmed or stressed, taking a mental health day can be incredibly beneficial for your well-being.
This is a great way to take advantage of your sick time.
Bad excuses to miss work
There are a number of reasons why you might not be feeling like coming in to work.
However, it is important to be aware that some excuses may be less convincing than others. Thus, why below are bad excuses to miss work – these should not be used under any circumstance.
Employers may be less understanding if employees give excuses such as “I don’t feel well” or “I don’t have anything to wear.” Also, employers sense when you don’t feel like coming to work, so they might ask for more of a reason.
Poor excuses will make your manager tired of your absenteeism and might end up asking “What’s your excuse this time?”
Bad idea #1 – Feeling tired
There are many reasons why you may feel tired. Some of these reasons may be valid excuses to miss work, while others will not hold up in a court of law.
If you have been feeling tired and are not well-rested, it is best to explain the circumstances to your manager. This will help them understand why you may not be able to come to work.
If you have reasons to believe that your tiredness is a result of burnout or overwork, you may need to make a plan on how to discuss this with your employer.
Bad idea #2 – I just don’t feel like going in today for any reason.
Instead of saying you don’t feel like going in today, try explaining the situation to your boss and see if they will allow you to use a vacation or personal day instead.
Your boss may require a discussion about why you are feeling overwhelmed or what needs to change at work before granting such permission.
This will lead to longer job satisfaction rather than I hate my job.
Bad idea #3 – Unhappy in your job
If you are unhappy in your job, the first step is to schedule a time to talk to your manager about the issues. You may be surprised at how understanding they can be.
There are many reasons that employees may want to get out of work, but those reasons are inappropriate and could lead to disciplinary action such as termination.
If you have already made up your mind about leaving your job, do not use this as a reason for missing work if you are interviewing for another job. If you are granted an interview for another position, use a vacation or personal day.
Bad idea #4 – I overslept and can’t make it to work on time
There are a lot of excuses people use to miss work, but some are better than others. “I overslept and can’t make it to work on time” is not a good excuse.
And at the very least, buy this alarm clock and admit you messed up.
If you struggle waking up in the morning, then try some of these billionaire morning routines.
Bad idea #5 – I had a fight with my spouse or partner and don’t want to be around people
This is one of the most common excuses for missing work. It’s less documented than other reasons for calling out. Your boss should be understanding because this can happen to anyone.
More often than not, these are the times you need the most support even if it is from your co-workers. Going to work will actually be better for your mindset than staying at home.
However, you should not make up excuses to skip work. You will likely be fired if you use these excuses.
Bad idea #6 – Poor planning
It’s not always the case that an employee has missed work because of a one-time mistake. Sometimes, employees take advantage of sick days or vacation time without having a legitimate excuse. This can be damaging to their career and may lead to disciplinary action.
There are many valid reasons to call out of work, not just personal life. Employees should try to plan their absences in advance when possible, so as not to inconvenience their team or boss.
If there is an emergency situation arises, they should contact their supervisor as soon as possible.
Check the most popular planners to stay organized.
Bad Idea #7 – It’s my birthday and I’m celebrating
“It’s my birthday and I’m celebrating! I hope you don’t mind that I’m taking the day off to spend time with my family.”
This may not go over very well if you didn’t plan to take the time off in advance.
While we all what to be treated like a princess on our birthdays, we still have obligations.
This poor excuse should not be used in order to call in with no advance planned day off. Using bad excuses makes it seem like you’re not taking your job seriously and could lead to negative consequences.
Bad idea #8 – I had an unexpected issue arise at my other job or side hustle
While in reality, this may be true, don’t expect to keep the job you are calling into miss work.
There are always going to be unexpected issues that come up when you’re working two jobs or your side hustle. But, there is a reason you are hustling to make more money fast, so you want to keep both opportunities.
If something unexpected comes up and you can’t make it to work, offer to make up the day. By making a proactive solution to the problem, you are less likely to get in trouble and keep both jobs.
Bad idea # 9 – Have Another Job Interview
There is absolutely no reason to tell your current employer that you are looking and interviewing for another job.
That isn’t their business.
It is important not to tell your manager upfront that you are interviewing for another job. Telling your manager you are feeling tired is generally not considered a good excuse to get out of work.
Bad idea #10 – I had the wrong schedule
Forgetting you are scheduled for work is not an excuse to miss work.
Always call in if you are going to miss work, even if it’s just a teen first-time worker.
Nowadays, companies make it very easy to access your schedule and with everything computerized, this bad excuse won’t work anymore.
Bad idea #11 – I don’t like you
If you are having issues with management, take it up with the HR head of the department or speak with an employment lawyer before taking any action.
Dissatisfaction or arguments at work is unfortunately not a valid reason to take time off from work (unless it’s an emergency).
You must follow the company’s procedures when working with a difficult boss.
What to Say If You Miss Work and Don’t Call
Missing work can be a difficult decision to make, but it’s important to know what to say if you need to take that step.
If you don’t call in, you aren’t making things easy on yourself. You’ll have to answer questions about:
why you didn’t show up for work?
how do you plan to make up the lost hours?
how this keeps happening?
If you’re unable to show up for work and don’t want to call in, there are a few things you should keep in mind.
Employers are Desperate
First of all, employers are much more understanding than they have been in the past.
With the current economy, companies are desperate for employees and will tolerate more excuses than they would have in previous years. However, if your employer has higher standards, then these are suggestions for you to follow if you need to miss work without calling.
This is especially true for part-time jobs and jobs making around $15 an hour.
Apologize
Second of all, it’s always a good idea to apologize when missing work–even if it’s not your fault.
A sincere apology is a rarity in our society and may even help your situation.
Also, showing up for extra work when you missed it is a nice thing to do and can help smooth things over with your boss or coworkers.
Be Honest
Finally, if you are going to miss work and not call, be honest about what happened and how your behavior may have impacted the people around you.
Take the high road and call your employer as soon as possible (preferably before the start of your shift) to tell them what happened. Make sure to tell them and ensure that doesn’t happen again in the future.
Employers are desperate for good workers, so they’re more likely to tolerate poor behavior.
Most Common Reasons for Missing Work
There are many reasons why people might miss work, but some of the most common reasons include traffic, oversleeping, bad weather, and feeling too tired.
Other potential reasons for missing work include forgetting something important, being sick or injured, and having a conflict with your boss.
Whatever the reason may be, it’s important to document it properly so that you don’t get in trouble with your employer. If you have to miss work frequently, talk to your boss about setting up a plan for making up the missed time.
How do I get out of work ASAP?
First and foremost, try to avoid writing long stories or emails when trying to get out of work. This will only prolong the process and may raise suspicion. Keep it short and sweet, and be direct with your boss.
Second, make sure that you have a good excuse.
What If I Need to Take Off in Advance
Times have changed and with the new generation, employers are more flexible when it comes to taking time off from work.
In fact, many employers will now allow employees to take a day off without giving any notice at all! This is a great policy because it recognizes that people sometimes need to take care of personal or family matters that come up unexpectedly.
Of course, there are still some employers who require employees to give advanced notice before taking time off. If this is the case for you, don’t worry–there are plenty of ways to get out of work without getting caught!
Simply contact your boss and follow the procedures to take a sick day, vacation day, or just a non-paid day off.
Which of these Believable excuses for missing work will you use?
Missing work can be a difficult decision, but sometimes it is necessary. If you are feeling sick, please stay home. If you have an emergency, please take the time off to deal with it.
When you must miss work, try to provide a valid excuse that is related to your job.
There are all sorts of excuses for missing work, but some are more believable than others.
The list above includes some bad excuses for missing work that are not considered valid reasons.
Your employer will see you as unreliable if you always find yourself with an alarm clock, car, or babysitter emergencies. If your workplace is too challenging and it’s not worth the health risks associated with being sick while working, it may be time to consider looking for a new job.
Are you going to try one of these work excuses?
Know someone else that needs this, too? Then, please share!!
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The following credit resource question was submitted by a Minter on Mint’s Facebook page.
Question: “Why is it incredibly cumbersome to get your credit report and FICO score? There are so many detours, traps, and dead-ends! Where can I go to go to get trustworthy information about my credit history and credit score?”
Answer: This question exposes what many of us in the credit space already know…it’s a jungle out there!
Smart consumers understand that it’s important to have good credit. The first step to maintaining a good credit score is to get your credit reports from time to time so you can see what the credit bureaus are saying about you. T
his process is supposed to be easy enough so claiming your credit reports doesn’t become burdensome to the point you do it once, and never again.
SmartMoney published an article a little over a year ago identifying the significant growth of websites that sell credit-related products and services. At publication time, the number was “more than 20 websites,” which was up from five a decade prior.
Multiple destinations offering similar credit-related products and services can sometimes leave the consumer feeling confused as to which are the most appropriate and reputable.
So, in an effort to help out the Minter who asked the question, and anyone else who finds the online credit landscape a little confusing, I’ve come up with reputable outlets you can use to stay engaged with your credit and credit-related rights.
Getting Free Credit Reports
You have the right under Federal law to claim your free credit reports once every 12 months. In order to leverage these rights, you have to go to www.annualcreditreport.com. This is the only website where you can claim your legitimately free credit reports provided for under Federal law.
If you live in Colorado, Maine, Maryland, Massachusetts, New Jersey, Puerto Rico or Vermont, you’re entitled to one additional free credit report per year (either calendar year or every 12 months, depending on the state). Georgia residents get two free reports per calendar year.
In order to claim your state law freebie, you have to go directly to the credit bureaus’ websites, which are www.Equifax.com, www.Experian.com and www.TransUnion.com. You cannot claim your free credit report per state law via the annualcreditreport.com website.
I’ve said this over and over, but it’s worth repeating: the credit reporting agencies are not going to sneak up behind you and stick a credit report in your pocket because they’re not obligated to do so. You have to ask for them.
Getting Free Credit Scores or Buying FICO Scores
You do NOT have the right under any law for free annual credit scores, although a provision in Dodd-Frank requires that if your credit score was used to make an adverse decision in response to a credit application, then the lender has to give you your score for free.
There are a variety of outlets that will give you a score if you sign up for a credit monitoring service trial subscription. Opinions vary on whether or not that’s “free” or “conditionally free.”
I’m not here to have that argument. I’m here to show you where you can get free credit scores without a chance of being charged anything.
www.CreditSesame.com will give you a free credit score from Experian called the “Experian National Risk Model.” It’s a legit credit score that’s available for sale to lenders.
It’s not a FICO score, but it will give you a very good idea of what kind of credit risk you pose to lenders. No credit card is required for claim your free score.
www.CreditKarma.com will give you a free TransRisk credit score from TransUnion, which is also commercially available to lenders. Again, it’s not a FICO score, but it will give you an idea of your credit risk.
You can also get your VantageScore credit score from the site. VantageScore is also a credit score available to lenders. No credit card is required to claim your free score.
www.myFICO.com will sell you your FICO scores based on Equifax and/or TransUnion data. myFICO is the consumer division of FICO (formerly known as Fair, Isaac) and these are the guys that invented the ubiquitous FICO credit score. The cost is $19.95 per credit report and score.
www.Equifax.com will sell you your FICO score based only on Equifax data. Be aware that they also sell a non-FICO score. Point being, if you want to get your FICO score, then be sure it says “FICO score” and not simply “credit score.” The cost is $19.95.
Freezing Your Credit Reports
In my mind, the credit freeze is infinitely more effective at protecting you from identity theft than simply monitoring your credit reports. Freezing your credit reports is proactive and locks out any lender trying to process new credit applications.
Monitoring your credit reports is reactive and tells you after something bad has already happened. The good news is that freezing your credit reports is much less expensive than paying monthly subscriptions to monitor your credit report.
To freeze your credit reports you can go to…
Stopping or Minimizing Credit Card Offers
Under Federal law, you have the right to prevent the credit reporting agencies from selling your name to creditors who want to offer you preapproved offers of credit. This is often called “Opting Out.”
If you’re not opted out, then your name can be sold, normally to credit card issuers, who will take a first pass at screening your credit reports and FICO score. If you meet or surpass their criteria you may get a firm offer of credit in the mail.
If you want to ensure that your name is never screened like this again, you can opt out for free here. This is 100% free and you can always opt back in if you want to start getting preapproved credit card offers in the mail again. After a few months you’ll be surprised just how empty your mailbox is.
Do you have a credit question for John Ulzheimer? Visit Mint’s Facebook page and ask away!
John Ulzheimer is the President of Consumer Education at SmartCredit.com, the credit blogger for Mint.com, and a contributor for the National Foundation for Credit Counseling. He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry. The opinions expressed in his articles are his and not of Mint.com or Intuit. Follow John on Twitter.
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Infographic: How Much Credit Card Debt is Too Much?
A photo of the homepage of Facebook.com in Firefox. Note: Shallow focus on the ‘eb’ in ‘facebook’.
Sacramento, California, USA – February 25, 2011: Facebook.com’s homepage displayed in a Firefox browser on a computer monitor. Facebook is the world’s most popular social networking website.
More than 93% of Americans receive their paychecks via direct deposit, meaning the funds are seamlessly transferred straight into their bank account. But did you know that some states allow employers to require that their workers use this payment method? Given that it can be time-consuming and costly for a business to issue paper checks, it can definitely be an advantage to companies.
Here, you will learn about which states require direct deposit and why, as well as learn more about this convenient payment method in general.
Direct Deposits are Electronic Payments
First, let’s quickly define what a direct deposit is. A direct deposit occurs when money is moved from one bank account to another without the use of a physical check. For example, an employer might shift money from its bank account to an employee’s bank account on payday.
Banks use the Automated Clearing House (ACH) network to coordinate electronic payments and other automated money transfers between financial institutions.
When you receive a direct deposit, money goes directly into your bank account, without the need for any intermediary steps, such as accepting the transfer, as you would if you were to deposit a check.
The money is cleared automatically through the ACH and is available immediately. With paper checks, banks might put a temporary hold on the funds while they wait for the check to clear. It can sometimes take some time for a check to clear; several days even.
Because it does away with a lot of cumbersome paperwork, direct deposit has become more and more popular. Direct deposit is not only used to transfer paychecks from employer to employees, but also for things like tax refunds and payments from retirement accounts.
Some government agencies have done away with direct deposit entirely. The Social Security Administration, for example, no longer cuts paper checks, and requires people to accept their benefits via direct deposit or a reloadable debit card.
Which States Allow Required Direct Deposit?
Depending on state law, employers may be allowed to require that employees accept paychecks through direct deposit. State law is not always cut and dried, however.
The rules may depend on whether an employee works in the public sector or for a private company. And rules may not apply to all employers equally.
Here’s a look at the states that allow some form of mandatory direct deposit.
State
Mandatory Direct Deposit Allowed?
Which Employers Does This Rule Apply To?
Alabama
Yes for private sector, no for public sector
All employers
Arizona
Yes
All employers
Indiana
Yes
All employers
Iowa
Yes, for employees hired after July 1, 2005. Employers may not require direct deposit if the cost to employees of setting up and maintaining a bank account effectively reduces their wages to below minimum wage.
All employers
Kentucky
Yes
All employers
Louisiana
Yes
Public sector, state government
Maine
Yes
All employers
Massachusetts
Yes
All employers
Michigan
Yes
All employers
Minnesota
No for private sector employees, but the commissioner of labor and industry may require direct deposit for public sector employees.
All employers subject to state statutes
North Carolina
Yes
All employers
North Dakota
Yes
All employers
South Dakota
Yes
All employers
Tennessee
Yes
Private employers with at least five employees
Texas
Yes
Private employers, except those involved in agriculture or horticulture, household domestic service, or other employment in which there is a written agreement that provides different terms.
Utah
Yes
Private employers except for those involved in farm, dairy, agricultural, viticulturally, or horticultural pursuits; stock or poultry raising; household domestic service; or other employment in which a written agreement provides different terms.
Washington
Yes
All employers
West Virginia
Yes for state higher education institutions. No for employers subject to the state Wage Payment and Collection Act.
Wisconsin
Yes
All employers
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Advantages of Direct Deposit
Whether or not direct deposit is required, there can be some distinct upsides for employers and employees.
Convenience
Direct deposit takes a lot of the legwork out of receiving a paycheck. The funds are deposited automatically and regularly, requiring no trips to the bank or mobile deposits. You don’t need to be home to receive the check. So if you’re on vacation or working far from your regular stomping grounds, your check will go through without lifting a finger.
You may also be able to send some of your paycheck to a savings account, which is a way to automate your savings.
Organization
Keeping track of paper checks can be a pain for employers and employees, who may end up having to file away hard copies of records, such as pay stubs, for future reference. Electronic transfers provide a paperless transaction history that both parties have access to. The transaction history doesn’t need to be stored in a physical place, so it can be referenced from anywhere at any time.
Resource Saving
Sending money via the ACH is often cheaper for employers than printing and mailing paper checks. Generally, it is free for employees to receive payment through the ACH. It’s also greener, allowing businesses to cut back on the amount of paper, ink, and energy that they consume.
Security
It is possible for paper checks to be lost or stolen, and even for someone to fraudulently cash them. Issuers may charge a fee to replace lost checks, and the process of stopping payment on stolen checks may be slow and expensive.
Generally speaking, direct deposit provides a safer alternative for transferring cash since there is no physical item to be lost or stolen.
There are some potential security issues when setting up direct deposit, as banking information must be exchanged between employees and employers. Making sure that the information is passed through secure channels to a person you can trust can help ensure that direct deposit is set up securely.
Speed
How long does a direct deposit take? The swiftness of direct deposit transactions is one of the key benefits. Money often hits your account nearly immediately after a transaction is made. And transactions usually occur at midnight the night before payday, meaning direct deposits may arrive in an employee’s account long before a paper check would arrive in the mail.
Disadvantages of Direct Deposit
Despite the benefits of direct deposit, there are some reasons that the process can be disadvantageous.
Costs and Fees
In some cases the cost of opening and maintaining a bank account can be burdensome for employees, reducing the amount of their take-home pay. Iowa protects against this possibility by disallowing mandatory direct deposit if it becomes a financial burden.
Lack of Attention
Because direct deposit is automatic, you may forget to check deposits in your bank account regularly. That means that if any problems occur, they may go on for a long time before you catch them.
You can avoid this issue by setting up alerts with your bank every time you receive a deposit to quickly see if everything is correct, and if not, nip any problems in the bud.
Cyber Threats
Though direct deposit provides a relatively secure way to transfer money, that doesn’t mean it’s immune to cyber criminals looking to steal sensitive financial information and bank fraud. Protections against cyber threats include using complicated passwords and password protection and avoiding phishing scams that might give fraudsters access to emails and data.
Setting Up Direct Deposit
To set up direct deposit, you must first have a checking or savings account. To receive electronic payments, you must provide your bank account information to your employer.
There may be a specific form that you are asked to fill out, you may be asked to provide a voided check, or you may simply be asked to provide your account information in an email.
Once again, always be sure you are sending your information to someone you trust and through a secure channel. You may want to avoid sending sensitive information, like account numbers, through email, instead handing information directly to a person or providing it over the phone.
Typically you’ll need to let your employer know whether your deposits will be going into a savings or checking account.
Your employer may ask you for other information, such as the name of the account holders on your checking or savings account, your mailing address, and your Social Security number.
Employees can list multiple accounts for direct deposit, which can help them accomplish their financial goals. For example, a worker could direct a portion of the paycheck to a checking account and another to a savings account. That way savings are automated while ensuring that enough is in checking to cover bills.
The Takeaway
Speaking of divvying up earnings to meet specific needs, SoFi Checking and Savings is a good candidate for that — plus much more. It’s a bank account online that offers Vaults for particular goals as well as Roundups to help grow your money. What’s more, you will earn a competitive annual percentage yield (APY) and pay no account fees.
SoFi Checking and Savings: The smart, simple way to manage your money.
The SoFi Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
SoFi members with direct deposit can earn up to 4.20% annual percentage yield (APY) interest on Savings account balances (including Vaults) and up to 1.20% APY on Checking account balances. There is no minimum direct deposit amount required to qualify for these rates. Members without direct deposit will earn 1.20% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. These rates are current as of 4/25/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. SOBK0523011U
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Being a personal finance writer, I thought a lot about how my husband and I (who I married just a few short weeks ago) would merge our finances. Despite writing about finance daily over the last seven years, it may shock some that even after living together for a year and a half pre-marriage, we waited until we were legally husband and wife to merge any element of our finances.
But that’s not to say we didn’t discuss money along the way. In fact, having open and honest discussions pre-marriage has helped us sail smoothly into our first year of married life, although getting there wasn’t without its trials.
#RealMoneyTalk When You’re Dating
As privy as I am to the most intimate details of people’s finances, getting to the point where I felt comfortable talking about my own took longer than I thought. I’d never been at the point in the relationship with anyone else prior to meeting my husband.
I always admire couples who know they’re getting serious and decide to just lay it all out there. My friend and fellow blogger and author Erin Lowry famously calls this “getting financially naked.”
But for me and my now-husband, our overall approach to money talk was like peeling back the layers of the onion. Slowly, as we became more comfortable, we began to let one another “in” to our respective money situations a little bit more, and perhaps now I prefer this approach.
Here are the most common money conversations couples have when they’ dating:
As the relationship progresses, eventually you’ll discuss more serious conversations like moving in together, and how much you can afford jointly and how you’ll split the bills. You’ll have to discuss credit scores (if you apply jointly for a loan) and how you’ll split payment for items like furniture or a new television.
#RealMoneyTalk in Marriage
The #RealMoneyTalk you and any new partner you’re dating might be initially uncomfortable, largely because everything is so fresh and you’re still getting to know one another. But it can be awkward still once you’re married and the “real money talk” becomes “actual money practices.”
Here’s what my husband and I have covered so far in the short time we’ve been married:
Our savings goal and how we’ll get there together
How we’ll spend for our fixed expenses and utilities
How we’ll handle our personal spending (video games for him, Sephora runs for me)
Saving for retirement
But it hasn’t been a breeze.
For example, my husband and I applied for a mortgage and for the first time he found out my actual credit score (it’s 720) but his was over 800 and my score cost us a lower interest rate. He teased me about it, but I still remember feeling slightly anxious and embarrassed. Revealing details about your personal money situation is no joke, even if you’re willing and prepared.
I also remember those first feelings of indignation when my partner would see packages from Sephora arrive and comment on their frequency or remind me to pay the water bill.
We were both older when we met: both in our 30’s, we both owned homes, had both (unsuccessfully) lived with other partners, both paid off significant amounts of debt (him his law school student loans, me and my credit card debt.) The slow pace of our financial merger was due, in part, because we’d both been managing our finances completely on our own for over ten years and were comfortable and strongly preferred doing things a certain way.
We’d cleared the hard money convos, but we were both set in our own financial patterns and habits. In the end, it took us coming to the table with our feelings around money, instead of actual numbers that helped us get on the same page and start fresh managing money as a team. It’s different than how others would do it, but it’s how we’ve done it and it works for us – which is the most important goal.
Perhaps, I’m so enamored with how couples manage money because, quite frankly, I’ve never met two couples who managed it in exactly the same way. There’s the couple where one partner is the only earner, and the other stays at home yet completely controls the bank account. I met a couple who even after having several children still split everything 50/50 (“Do you Venmo one another for diapers?” I asked, “Yes.” She replied.) I even met a couple who has just one joint bank account and both agreed they’d never spent a day fighting about money.
Fascinating, right?
No matter how you and your partner decide to manage your finances, remember that the first step is getting the courage to have the talk.
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Earlier today I provided a statistical snapshot of minimum wage earners. The numbers indicate that in the United States:
Most minimum wage earners are young.
Most minimum wage earners work in food service.
Most minimum wage earners have never attended college.
Statistics are one thing, but real-life is another. There are still millions of older college-educated Americans who earn minimum wage in jobs outside the food service industry. Many of these people want to escape their situation, but don’t know how.
More than pinching pennies Over the weekend, Trent at The Simple Dollar shared ten steps to financial success for a minimum wage earner. His advice is excellent, but emphasizes frugality and cutting costs. I want to look at another approach to escaping minimum wage — earning more money.
Here’s what one minimum wage earner once wrote at Get Rich Slowly:
There are definitely [minimum wage earners] who casually spend beyond their means without regard to or serious consideration of consequences. There are also those who are living frugally yet are squeezed financially, perhaps by high rents and utilities (the homeownership rate of the working poor is close to zero), falling real wages, or health and medical expenses…I make minimum wage and have student loan debt. I can’t think of any spending I can cut out without feeling deprived.
The fundamental law of money still applies to those who make minimum wage: to gain wealth, you must spend less than you earn. But it’s more difficult for a person making minimum wage to spend less than she earns. Even after cutting luxuries — cable television, eating out, etc. — there are certain minimum costs associated with living in our culture. If you’re in a situation where you’ve reduced expenses as far as they will go, it’s time to focus on the other component of the wealth equation: increasing your income.
Breaking free from minimum wage A minimum wage job can seem like a prison — you can’t imagine you’ll ever break free. You can’t imagine you’ll ever earn more money. However, opportunities do exist. Here are several approaches to escaping the shackles of a low-wage job:
Work two jobs. If debt or living expenses are keeping you down, take a second job. This may not help you escape from minimum wage in the short-term, but it will alleviate some of the financial pressure you’re facing, which will eventually allow you to focus on long-terms solutions.
Seek a promotion. Find a way to advance in your current job. What would it take for you to move into some sort of management position? What about moving to another department where the pay is better? Be the sort of employee that managers can’t live without: show up on time, be efficient, do quality work. Watch for advancement opportunities with your current employer.
Change companies. If there’s no path to higher income at your current job, what about a similar job with another company? Not all employers have the same pay structure. Scout the competition, and see if they can offer a better opportunity.
Change professions. You may need to leave your current field altogether. If you’re working at the counter in a convenience store, you’re better off taking another line of work. What sorts of jobs are you qualified for? “None,” you might say, but many employers need unskilled laborers. An unskilled laborer who shows up for work on time, is agreeable, and makes an effort will usually be earning more than minimum wage in just a few months.
Steer clear of corporate giants. As a small business owner, I’m biased against big corporations. Publicly held companies have huge motivations to keep worker wages and benefits low. It’s true that your top-end advancement may be limited with a small business, but they’re generally more flexible than corporate giants. Many small business owners go out of their way to look out for their best employees.
Educate yourself. Finally — and most importantly — do what you can to increase your education and marketability. Make yourself appealing to employers. Develop skills that they can use.
In fact, education is so vital to escaping minimum wage that it deserves a closer look.
The importance of education Education makes a huge difference in your earning potential. The median income for a U.S. male who dropped out of high school is $18,990. The median income for a high school graduate is $28,763. The median income for a man with even some college is $35,073. Education opens doors. And it’s not just about the piece of paper — if you take practical classes, you can learn skills that will have a direct effect on how much you can earn.
I am a huge fan of community colleges. They’re an excellent place to pick up additional training. What can you learn at a community college? Here are a handful of the programs that my local community college offers:
Alcohol and drug counseling
Automotive service and repair
Business administration
Computer programming
Construction
Dental hygiene
Electrical trades
Graphic design
Landscaping
Real estate
And much, much more
Make no mistake: these classes will not get you a top-paying job in the field. They will, however, help you land entry-level positions, positions that will pay more than the minimum wage, positions that will help you find a career path with advancement opportunities. It might take you a couple years to reach this point, but you can reach it. How do I know? Because I did it myself.
In 1998, I was fed up with working for the box factory. I decided to become a computer programmer. While still working full-time, I began to take classes at the local community college. Most of the time I could only afford one class per term, but sometimes I squeezed in two. Within eighteen months I had developed the skills to be hired as an entry-level computer programmer. My pay was $25 an hour, which was at the low end of the spectrum for that kind of job (but appropriate for the skill-set I had acquired).
If you decide to use education to break free from minimum wage, be sure to choose practical classes in order to increase your earning potential. A philosophy class might sound cool, but it’s not going to get you a job. Nor will creative writing.
Don’t forget that school is an excellent place to make contacts with people who might serve as references for future job applications. Most community college instructors have connections in their fields. Make a good impression, and follow through with class requirements. Meet deadlines. Take pride in your work. People will notice.
Ask yourself the hard questions If you’re in a minimum wage job and would like to escape, it’s important to ask yourself why you’re in a minimum wage job. Are the reasons obvious? Is it because you’re young? If you’re just out of school, minimum wage is a rite of passage. It’s something most people experience. Keep moving in the right direction and you will leave it behind.
Are you in a minimum wage job because you lack education? Make education a priority. Pick a career that interests you and is in demand. Obtain the skills necessary to enter the field.
But if you don’t know why you’re in a minimum wage job, or if your answer is that your boss, co-workers, or life won’t give you a break, then you may need to look inward. I had a friend who was trapped in a low-paying job that he hated. He had a long list of external forces that kept him stuck there (and in the crummy jobs he’d had before). He couldn’t understand why he wasn’t able to break free. To everyone around him, the reasons were obvious, but he didn’t want to hear them. He’s still trapped in a low-paying job.
Final thoughts Perhaps I’m naive, but I believe most minimum wage earners can find a path out of their plight. In most instances, hard work, patience, and education can counter the forces of history and bad luck.
I’d love to hear how former minimum wage earners managed to graduate to higher incomes. (Or how they didn’t, if that’s the case.) If I collect enough stories, I’ll post them in a separate entry. If you’d like to share your story, please drop me a line, or post it in this forum thread.
Are you still serving in the Army, Navy, Air Force, Marine Corps, Coast Guard, Reserves or National Guard? Or, are you a veteran who left with an honorable discharge — or, at least, one that wasn’t dishonorable?
If so, then you likely qualify for a VA loan. You’ll need to have served for a minimum period of time. That minimum period of service varies depending on your active-duty service dates.
See if you’re eligible for a VA home loan (May 15th, 2023)
Minimum service requirements
If you’re currently serving “eligibility can be established after 90 days of continuous active duty,” states the VA. And, if you’re a veteran, you’re likely eligible if you served for:
90 days during World War II or the Korean or Vietnam wars
181 days during peacetime
2 years if enlisted in the post-Vietnam era (after May 7, 1975)
6 years in the National Guard or Reserves
If you served during the Gulf War period (August 2, 1990 to present day), things get a bit more complicated. The two years mentioned above are generally sufficient for you to be eligible, no matter what. But, 90 days may be enough in certain circumstances:
You completed the period you were called up for
You were discharged for hardship, early out, convenience of the Government, reduction in force, condition interfered with duty or compensable service-connected disability
Other notes on service eligibility:
If you were discharged as a result of a service-related disability, you don’t have to have completed any particular minimum service requirements.
Nobody with a dishonorable discharge is eligible for a VA home loan; you must have another type of discharge, most commonly an honorable discharge.
Era
Dates
Minimum Service*
WWII
9/16/1940 – 7/25/1947
90 continuous days
Peacetime
7/26/1947 – 6/26/1950
181 days
Korean
6/27/1950 – 1/31/1955
90 days
Post-Korean
2/1/1955 – 8/4/1964
181 days
Vietnam
8/5/1964 – 5/7/1975
90 days
Post-Vietnam
5/8/1975 – 9/7/1990
181 days
Post-Vietnam
9/8/1990 – 8/1/1990
2 years
Persian Gulf
8/2/1990 – present day
2 years or active-duty period, not less than 90 days
*You may be eligible for a VA home loan if you were discharged due to a service-related disability before you reached the minimum service requirement.
Eligible civilians
Providing they haven’t remarried, military spouses may be eligible for a VA loan if their spouse was a servicemember or veteran who:
Died while in service
Died from a service-connected disability
Is missing in action or a prisoner of war
Servicemembers’ widows and widowers may also be eligible for a VA loan if they get Dependency and Indemnity Compensation (DIC) benefits — even if their late spouse didn’t die for service-related reasons.
Getting a certificate of eligibility
A certificate of eligibility (COE) formally establishes your eligibility for a VA benefit by identifying either the era when you earned your entitlement or another cause that makes you eligible for a VA loan.
What you’ll need to get your COE
If you’re an active-duty servicemember, you’ll need a statement of service, “signed by (or by the direction of): the adjutant, personnel office, or commander of the unit or higher headquarters.” Your commanding officer should know the information to include in your statement of service. It should include the following information:
Your full name
Social security number
Date of birth
Entry date on active duty
The duration of any lost time
The name of the command providing the information
If you’re a veteran, you’ll need your DD214 separation documents, which detail information regarding your military separation, retirement, or discharge. If you’ve misplaced your DD214 form, then you can order a replacement copy online.
How to apply for your COE
You can apply for your COE through the VA’s eBenefits gateway. But, it’s even easier to get a lender to do it for you. VA-approved lenders can often get it for you in a matter of minutes.
If you have questions about your COE or DD-214, then speak to a lender who can assist you. Call (866) 240-3742 or complete this online request form.
VA loan requirements besides service eligibility
The VA doesn’t lend money for home loans — private lenders do that. The VA merely guarantees a portion of the money you borrow to private lenders in the event you default on the loan. This guarantee minimizes the risk to private lenders, which means they’re more willing to offer certain benefits like no down payments and lower interest rates.
It’s important to note that private lenders are entitled to overlay their own rules on top of the VA’s. The VA doesn’t set minimum credit score requirements, but most lenders do. Also, each lender sets its own criteria. So, if you’re turned down by one, you may qualify with another.
Here are the lender requirements you’ll likely need to meet to be eligible for a VA home loan.
What’s the debt-to-income ratio (DTI) for a VA loan?
Lenders anticipate that borrowers who are already overburdened with existing debt will struggle to make mortgage payments. They use a formula known as your debt-to-income ratio (DTI) to help them assess how easily you’ll keep up on those payments.
Your DTI is calculated by dividing your gross monthly income by the sum of all your fixed monthly costs as a homeowner (mortgage payment, homeowners insurance, and HOA dues, if applicable) plus your remaining existing debt payments (credit card payments, auto and student loans).
Most lenders look for DTIs below 43%, but if you’re a good borrower some lenders may approve loans for DTIs closer to 50%.
Read more: How Does DTI Affect Loan Amounts?
What credit score do you need for a VA loan?
The VA doesn’t impose a minimum credit score, but most lenders do. Most lenders prefer a score of at least 620, though some may approve credit scores in the high 500s. These lenders aren’t as common, so it helps if you’re a good borrower in other respects.
Read more: VA Loan Credit Score Requirements for 2019
What is are the loan limits for a VA loan?
In June 2019 a new law was enacted that eliminates VA loan limits. The new law goes into effect January 2020, but only time will tell how lenders will adjust (if at all) their loan caps for VA home loan.
What is the minimum down payment for a VA loan?
One of the biggest benefits of a VA loan is that you’re not required to make a down payment — you can borrow 100% of the appraised market value of the home.
You can still make a down payment if you want to, and there can be advantages to doing so. You may get a lower interest rate than with a zero down loan. And, if your application is close to being rejected, then making a down payment might see it approved.
What are the minimum property requirements (MPRs) for a VA loan?
These come from the VA, not the lender. They’re a comprehensive set of rules [download] designed to make sure the home you buy is “safe, sanitary, and structurally sound.” And, they require it to be “marketable,” meaning there will be other buyers who’ll want it when you come to sell.
Read more: VA Minimum Property Requirements (MPRs)
What is the VA funding fee?
Funding fees are a one-time charge added on closing. They range between 1.4% and 3.6% of the amount you’re borrowing. Funding fees are variable depending on whether you’re making a down payment and whether you’ve used a VA loan before.
As long as your total borrowing amount doesn’t exceed 100% of the home’s appraised value, you can roll up the funding fee into your loan.
How to apply for a VA home loan
The VA home loan program is a good choice for active-duty servicemembers and veterans who want to be homeowners. Compared to other wannabe homebuyers, VA home loans offer benefits that other borrowers don’t have access to. This benefits include:
No down payment requirement
No monthly mortgage insurance
Lower interest rates
Lenient credit guidelines
If you’re unsure if you’re eligible for a VA home loan or have questions around which loan product is best for you, call (866) 240-3742 to speak with a licensed mortgage professional.
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