The move was risky. And I don’t regret it one bit.
For all my decorating life, decades, I thought animal prints were for other people. Although I coveted the exotic look of a leopard-print throw or a tiger-striped rug, I lacked the courage to put one in my home.
That was then.
I now have two zebra-striped chairs in my living room. With the blessing of a designer I trust, I tapped the animal within. Now I wonder what took me so long.
My odyssey began a few months ago when I looked at my adjoining dining and living rooms and decided they looked tired. I wanted to update them, make them come alive, but I couldn’t afford to start over.
So, I called Christopher Grubb, a notable designer based in Los Angeles whom I’ve known for years, and asked for a consult. I would do all the legwork, if he could just tell me what to keep, get rid of, add and revamp. We agreed I would keep the traditional dining table, but replace the stodgy tapestry dining side chairs, which I’ve had for nearly 30 years, with more modern ones.
We would also keep the two dining room armchairs but reupholster them in a more contemporary fabric and move them into the living room. I’m loving this plan.
I gathered nine fabric swatches to test drive. I sent photos of all nine to Grubb. Then, before he could answer, I narrowed the selection down to six and sent him a picture of the finalists. Among the three fabrics I’d eliminated was a bold zebra print I grabbed on a whim but ruled out. (It’s for other people.)
“What happened to the zebra?” Grubb asked.
“Oh, it seemed a little, well, wild.”
Marni Jameson: To combine colors at home with confidence cue the color wheel
“It would look fantastic on those chairs,” he said. “And paint the wood glossy lacquer black.”
Designers take risks where the rest of us fear to tread.
My little heart turned a somersault. “Really?” That permission felt like the time my Dad let me drive our family’s red Dodge Charger by myself.
Next day, the tired tapestry armchairs along with seven yards of zebra fabric and I were exuberantly off to the upholsterer, who took one look at the project, raised his eyebrows and said: “That will be fun.”
When the chairs came back, I sent Grubb a photo.
“Dang! Those look great!”
I had to agree.
“You just created art chairs,” he said. “You turned them into not just useful pieces of furniture, but pieces of art.”
Many homeowners have furniture pieces that would look great flipped, he added, they just don’t see it. “They have heavy Mediterranean furniture that they are trying to bust out of to make their homes more contemporary, but don’t think the pieces belong going forward. Then we give it a twist. Maybe we paint a humdrum brown end table robin’s egg blue and turn it into a fun and functional accessory.”
If they’re worried they will “ruin” the piece, he says, “You don’t like it anymore as it is, so what’s to lose?”
“I’m a big fan of doing what you did,” said Dean Stills, co-owner of Stills Upholstery in Longwood. “I love to see people repurpose old furniture to make it fit their homes today by recovering it with more-modern fabric and changing the finish. It’s so much better than taking it to the curb.”
Grubb encourages anyone who wants to take a risk with their décor to go for it, but to bounce it off a designer first. “Most people know what they like, they just don’t know how to get there. We can help them add the wow factor.”
He encourages DIY decorators to work with designers like I did. “Do the legwork, then hire a designer to consult for an hour or two,” he said. “People don’t take risks, so we walk through room after room of beige and grey.”
None of us wants to be that person.
If you’d like to add some pizzazz to your home, here are some risky moves Grubb and Stills suggest you consider.
Use the power of paint. A glossy fun color on a dull brown piece of wood furniture is an inexpensive way to modernize it and turn it into an art piece. (It’s also easier than refinishing.) Consider painting a chest glossy lime or the frame of a mirror bright orange. When painting my wood chairs gloss black, Stills usedCrystal Conversion Varnish because it creates a tough, hard finish that holds up.
Change the hardware. Switching out distressed iron knobs or ornate vintage pulls for sleek ones in brushed gold or polished chrome can instantly and inexpensively enliven old furniture.
Refresh fabrics. Before retiring a piece of upholstered furniture, think about recovering it with an updated fabric. Older furniture, Stills said, is typically much better made than newer furniture sold today. Upholsterers can also replace and repair worn inner springs and foam.
Add a wow fixture. Chandeliers are a great place to take an expressive risk, Grubb said. “These standalone accessories don’t have to go with anything. They could be covered in feathers and look great.”
Incorporate some Lucite. Because it leans contemporary, just one Lucite piece, such as a chair, end table or bar cart can bridge old and new looks, Grubb said.
Mix in some metal. Shiny metallic finishes also feel contemporary. Adding chrome table lamps, bookends or side tables can modernize an otherwise traditional room.
Reframe the art. Traditional art doesn’t need a traditional frame. Put an old painting in a contemporary frame or eliminate the frame altogether.
Marni Jameson is the author of seven books including the newly released Rightsize Today to Create Your Best Life Tomorrow, What to Do With Everything You Own to Leave the Legacy You Want, and Downsizing the Family Home. You may reach her at [email protected].
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode:
Explore how to protect yourself from identity fraud, understand its emotional toll and learn fraud recovery steps.
How can you protect yourself from identity theft and fraud?
What steps should you take if you become a victim of financial fraud?
Hosts Sean Pyles and Sara Rathner delve into the unsettling world of identity theft and fraud prevention to help listeners safeguard their finances and wellbeing. They begin with a discussion on the various facets of identity theft, with tips and tricks on identifying fraudulent activity, enhancing personal banking security and dealing with the aftermath of having your identity compromised. Then, they discuss the differences between identity fraud and scams, the importance of good cyber hygiene, and the steps to take immediately if your personal information is breached.
Sean also speaks with John Breyault, Vice President of Public Policy, Telecommunications and Fraud at the National Consumers League, about the current trends in identity theft and the forms of fraud that are on the rise in 2024. They cover topics such as new account fraud, the impact of zero-day vulnerabilities on personal data security and the necessity for consumers to stay vigilant with software updates and report incidents promptly.
They also explore how victims can navigate the process of recovering from fraud, including freezing credit reports, changing passwords, and engaging with financial institutions and law enforcement to document the crime and seek restitution.
Check out this episode on your favorite podcast platform, including:
NerdWallet stories related to this episode:
Episode transcript
This transcript was generated from podcast audio by an AI tool.
Sean Pyles:
So there you are just going along with your life, running errands, finishing work projects, walking the dog, making lunch, paying bills, and then you realize, something is very, very wrong. Someone has gotten into your accounts and stolen your money.
Charlene MacNeil:
August 28th was a normal day. I took my cat to the vet, went and got groceries. That morning, I checked my online banking just to make sure I had enough money to do everything. It just seemed like a normal day and then everything changed that evening when I got that email.
Sean Pyles:
Welcome to NerdWallet’s Smart Money podcast. I’m Sean Pyles.
Sara Rathner:
And I’m Sara Rathner.
Sean Pyles:
We’re back with our Nerdy deep dive into identity theft, fraud, and scams, and their potentially devastating effects on your finances if you become a victim. As we said last episode, and we’ll continue to reiterate over and over, these crimes do not discriminate. Absolutely anyone can find themselves in deep water with their money situation because these financial criminals have so very many tools and options at their disposal.
Sara Rathner:
Yeah. And, Sean, I think we also want to repeat the message that this doesn’t just happen to you because you’re ignorant or careless. It happens because as our guest last week said, “We have to be 100% right all the time.” We have to be watching our accounts and changing our passwords, realizing we’re talking to someone who’s pretending to be from a bank, etc., etc. And the criminal only has to be right once to get what they’re after. So if they catch you in a moment where you’re tired or hangry, they might just do that.
Sean Pyles:
So the last thing that you should feel is embarrassed or ashamed if you do become a victim of ID theft or a scam. Angry and upset, yes, ashamed, no. The more we all talk about it, the more educated we become and the harder we make it for the thieves and scammers.
Sara Rathner:
Yes. Let’s take our power back.
Sean Pyles:
Yes. So last week we talked about identity theft, how it happens, what to be on the lookout for, and how to protect yourself as much as possible. Today we’re going to look at the next step in that process, which is the identity fraud that happens after the theft.
Sara Rathner:
It’s the credit card opened in your name. It’s the tax return that isn’t really yours. It’s the healthcare account that also isn’t yours that gets the thief medical care on your dime. Listener, we’re going to help you understand what it looks like, how to avoid it, and what to do if it happens to you.
Sean Pyles:
All right, well, we want to hear what you think too, listeners. Tell us your stories of identity theft or share how you’re working to fight it or recover from it. Leave us a voicemail or text the Nerd hotline at (901) 730-6373. That’s (901) 730-NERD, or email a voice memo to [email protected].
Sara Rathner:
So, Sean, where do we start today?
Sean Pyles:
Well, we’re going to start today with a real world tale of identity fraud. We’re hearing from Charlene MacNeil, a mom from Alberta, Canada. She’s got a story about what happened when someone was able to get into her account at BMO Bank, a subsidiary of the Bank of Montreal. Then after Charlene, we’re going to talk with an expert in ID fraud, who’s seen it all in his capacity at the National Consumers Union. Charlene MacNeil, welcome to Smart Money.
Charlene MacNeil:
Hello. Thanks for having me.
Sean Pyles:
Charlene, you experienced a form of bank account fraud. When did you first realize that something was wrong?
Charlene MacNeil:
On August 28th, I had just put my kids to bed and I got an email pop up on my cell phone saying that I had a credit limit alert from BMO and it told me that I had $33 left in my account.
Sean Pyles:
And so that was an indication that you didn’t have sufficient funds or maybe your credit was run up. What were you thinking when you first saw that?
Charlene MacNeil:
I panicked when I saw the $33. It just didn’t make sense. So I immediately went onto my online banking and noticed that my line of credit was maxed to the $15,000 mark.
Sean Pyles:
And what steps did you take once you realized that something was very wrong with your account?
Charlene MacNeil:
I immediately called BMO and just told them the email that I got and she told me that she would cancel my card right away and my account and to go to the branch immediately the next day to file a report of what had happened.
Sean Pyles:
So the next day, did you go in and talk with them about that?
Charlene MacNeil:
Yeah, I went in the next morning and I told her what had happened and she had told me that there was a text message that was sent to me like a one-time passcode, and I tried to think back to the day before because I do get text messages or calls from scammers sometimes, but that summer I felt like I had gotten quite a few, but I just kind of always ignored them, so I didn’t really think much of it. And then when she was looking at my account, she asked me if I knew the company Wise, because she noticed that’s where the money had been sent and I Googled Wise right away because I didn’t know what she was talking about.
And when I Googled it, it said international money sending. So she was, “Oh, that’s a red flag. That’s crazy.” She made me feel like we should be able to get the money back, that she would fill out this report and send it off and it should be okay. What had happened was they took my line of credit money, transferred it to my checking account, and they set up a bill payment to the company Wise, and then they sent out the money that way through a bill payment.
Sean Pyles:
So a slightly convoluted way to get the money that you had from your line of credit over to them essentially?
Charlene MacNeil:
Yes, exactly.
Sean Pyles:
And so it seems like things are maybe going, okay, this was a frustrating experience, but you thought you were going to be able to get your money back?
Charlene MacNeil:
Yeah, I went back to work and I felt relieved. “Okay, that’s done. It should be fine.”
Sean Pyles:
But that’s not what ended up happening.
Charlene MacNeil:
No. Two days later, the teller that had helped me, she called me and started the conversation with, “I have some very unfortunate news. They will not refund that money to your line of credit.” And my heart fell because I was just, “What do you mean?”
Sean Pyles:
And this was $15,000 they said they weren’t going to refund?
Charlene MacNeil:
I had a balance on there before. So really they just took whatever I had left in my line of credit and sent it out, so it was like $9,700.
Sean Pyles:
And what reason did they give you for why you wouldn’t be able to get this money back?
Charlene MacNeil:
They had told me that they tried reaching out to Wise, but the money had already been transferred. So whoever the bill was made out to through the company, they had the money and that’s it. They couldn’t get the money back, but she did say, “If you want, we could escalate this and see if there’s something else that they could do.”
Sean Pyles:
Because there have to be some kind of protections. This was an instance of fraud. You didn’t authorize this transfer of money?
Charlene MacNeil:
No, but as this continued on, they kept saying that I had gotten this one time passcode sent to me August 28th at 4:20 p.m., but I don’t recall entering this six digit code that they’re telling me that I entered. But from their records, it shows I entered the code and that it was all good.
Sean Pyles:
It’s also possible that someone could have somehow gained access to your phone number or gotten that code themselves. Correct?
Charlene MacNeil:
That’s what I am trying to explain to them. I just know that I didn’t enter this code.
Sean Pyles:
So did you end up escalating this then?
Charlene MacNeil:
I did. I escalated it three times and then I finally got a final response just saying that it’s really unfortunate, but we can’t get that money back. And they just kept telling me it’s the one-time passcode and that’s the reason why the money was sent out that I pretty much authorized it to be sent out.
Sean Pyles:
I’m really sorry to hear that. Do you know how the people were able to get into your account?
Charlene MacNeil:
I don’t know. I just have a lot of people just giving me different ideas of how maybe it could have happened. I had a conference in Vegas at the beginning of August and it was on the news that Vegas was having issues with scammers.
Sean Pyles:
Was it an issue with people getting on public Wi-Fi and logging into their bank accounts?
Charlene MacNeil:
That or people also told me that maybe somebody walked by my purse and scanned my purse, but people have told me that too, thinking it’s because of the Wi-Fi.
Sean Pyles:
So I’m wondering, Charlene, how has this experience made you feel about the safety of your money? Have you thought about switching banks, anything like that?
Charlene MacNeil:
I’m very nervous because it blows my mind to think that somebody can get onto your online banking and then move money like that without a signature or maybe voice recognition or something. I shut down my line of credit now and I’m kind of waiting to hear what’s going to happen, but I am really considering moving banks. I wish this almost happened on a credit card because I feel like credit card companies have your back more than the bank.
Sean Pyles:
Yeah. Your story brings me back to a theme which is that fraud, scams, anyone can experience these things and it’s not like you followed a typical playbook of seeing a text message come through on your phone or clicking a link in email and entering your login credentials. You don’t know how someone got your information. It just exemplifies that you could be doing everything right and somehow people could still get your information and still get into your bank.
Charlene MacNeil:
Yeah, exactly. August 28th was a normal day. I took my cat to the vet, went and got groceries. That morning, I checked my online banking just to make sure I had enough money to do everything. It just seemed like a normal day and then everything changed that evening when I got that email.
Sean Pyles:
What do you think your next steps will be?
Charlene MacNeil:
I’m not very hopeful, to be honest. It’s something that I just have to accept. And I mean, I’ve done better the last couple months, but in the beginning it was very difficult. I lost lots of sleep, missed some work. It was very stressful. And you feel like you’re the one that did something wrong.
Sean Pyles:
Well, I’m sorry that you experienced this. I’m wondering if there’s anything that you would like listeners to keep in mind as they try to protect themselves and their finances online?
Charlene MacNeil:
Yeah, I mean it’s so important to be checking your banking probably daily just to make sure everything is going as you think. Be very careful, I guess, on public Wi-Fi. I was actually just on a trip with my family to Mexico and so many people use public Wi-Fi. And I did in Vegas just to load my boarding passes.
I did not check my online banking. I know a lot of people when they hear me say that I was on public Wi-Fi in Vegas. I did not check my online banking, but I was on public Wi-Fi and I guess people can be sitting in that room and gain all of your information. So I don’t know. I don’t want people to be paranoid, but I kind of feel paranoid.
Sean Pyles:
It might not be a bad idea in the year 2024 when if you’re on a public Wi-Fi network, someone who’s also on that can get into your device very easily. That’s the truth of where we are right now.
Charlene MacNeil:
Yes, and I heard once they’re in, then they can be in there for a while. If I would’ve checked my online banking a day or two later, they could have seen me enter my codes. Yeah, it’s very invasive.
Sean Pyles:
Well, Charlene, thank you for sharing your story with us today.
Charlene MacNeil:
Well, thank you for hearing me.
Sara Rathner:
Sean, this just makes me so sad and angry that anybody has to deal with this because it’s just not fair. It’s not a fair fight against these really savvy identity thieves.
Sean Pyles:
It’s really not. And what’s so worrisome to me about Charlene’s story is that she still can’t pinpoint exactly how these criminals got into her account. Again, it just shows that this kind of fraud can happen to anyone, but as tempting as it might be to just throw up your hands and yell, “I give up,” that just feeds the beast and doesn’t do us any good.
Sara Rathner:
Well, I’m looking forward to some advice on how to avoid all of this and anything that we could do to keep it from happening to us, to me, to my loved ones, and of course to our listeners.
Sean Pyles:
Well, our next guest will walk us through some of what happens when you’re the victim of identity fraud and give advice on how to avoid it and recover from it if it does happen to you. John Breyault is Vice President of Public Policy Telecommunications and Fraud at the National Consumers League. That’s coming up. Stay with us.
John, thanks so much for joining us on Smart Money.
John Breyault:
Hey, thanks for having me on the show. I really appreciate it.
Sean Pyles:
So last week we spent some time explaining identity theft and the various ways that bad actors can steal our IDs from us. And today, we’re going to explore what they do with all that information once they’ve got it. So I’d like to start by asking you to explain maybe the difference between ID fraud and scams. We’re going to talk about scams in our next episode, but what differentiates the two?
John Breyault:
Both scams and ID theft, we call fraud, right? It’s a crime where it involves typically a scammer trying to acquire information or funds that they can use for their own purposes. So identity fraud is definitely a subset of fraud overall, but it is certainly one of the biggest subsets.
So we know that, for example, the Federal Trade Commission every year puts out their Consumer Sentinel Data Book. It’s a compilation of millions of fraud complaints that they get from agencies and organizations like mine all over the country. And in 2022, which is their most recent data, they received 5.2 million fraud reports and the number one category that they heard about was identity theft. And so clearly this continues to be a major problem that the biggest enforcement agency out there is hearing about. Definitely identity theft is one of the biggest types of fraud, and one I think we continue to see consumers of every age level, every education level, every demographic be victimized by.
Sean Pyles:
And when you think about specific ways that ID fraud and scams can manifest, what makes them distinct?
John Breyault:
I think what makes each scam distinct is often, number one, what is the entry point for the scammer? Is it one where they have to interact with the victim, say by sending them a link that the consumer clicks on and then provides the data to the identity for the scammer that’s then used to commit fraud? Or is this something where the scammers can commit identity fraud really with no interaction with the victim at all?
We know, for example, that due to data breaches, that’s practically limitless information about almost every American out there on criminal forums on the dark web that can be used to basically commit identity theft as a service. With a few hundred dollars in Bitcoin, you too can hire an identity thief to do things like start bogus credit card accounts in your name or try and get healthcare benefits or unemployment insurance. These are all very common types of identity theft that’s out there, and that doesn’t require any of us to do anything.
Sean Pyles:
So you touched on this a little bit, but John, can you give us a sense of what you’re seeing out there right now? What are some of the most prevalent forms of identity fraud in 2024?
John Breyault:
Yeah, I would say some of the fastest growing types of identity theft is new account fraud. It’s not necessarily a new type of identity theft. We’ve seen scammers using information to create new credit card accounts for decades at this point, but certainly it is returning to its previous position as one of the top types of identity fraud. And it’s happening because the resources that identity thieves were devoting to government benefits fraud is going down. As those pandemic relief programs start to wind down, there’s less money for the identity thieves to steal. And so they’ve gone back to some of the tried and true types of identity fraud.
Sean Pyles:
Is there anything that’s relatively new that consumers should know about that maybe they haven’t really heard about?
John Breyault:
What we have seen over the past year has been a staggering increase in the number of data breaches attributable to what are called zero-day vulnerabilities. And if you’ve never heard of a zero-day vulnerability, that’s okay. Basically what it means is it’s a vulnerability that nobody else has identified. Think of it as having a key to a vault that nobody else has, and until the people who own that vault figure out that you have that key, they have no reason to try and solve the problem or change the lock.
Sean Pyles:
So this could be something like a weakness in our phones’ operating systems that allows a bad actor to get into our phones.
John Breyault:
Yes, exactly. It’s operating systems like Windows. It is browsers that can be hacked. It could be Microsoft Office. Really any software program can have a zero-day vulnerability. And so what’s concerning to us is just the increase in breaches that were attributable to zero days. It’s gone up. I believe the number that the ITRC cited was by more than 100% over the past 12 months.
Sean Pyles:
Do we know why this might be? Is it that software developers are maybe pushing out code a bit faster than they should and they aren’t combing through for vulnerabilities? Or is it that hackers are really zeroing in on these vulnerabilities and trying to exploit them?
John Breyault:
Well, I think that’s the $64,000 question, as they say. We have theories on how that is. One of the more worrying ones is that the scammers have learned how to automate their search for zero-day vulnerabilities using artificial intelligence. And if they’re able to search for these zero days at scale, a very low cost, that is scary because I think AI has revolutionized so many other facets of our economy and businesses and government over the past several years.
It definitely has the potential to do the same thing when it comes to fraud. I think many of us who work on fraud and identity theft on a daily basis, we are thinking of the potential of this as the same kind of potential for supercharging fraud and scams that we saw when the internet sort of became a technology that everybody was using. That’s the kind of scale of the threat that’s out there.
Sean Pyles:
And so when people get notifications on their phone saying, “Oh, you have a new software update to patch a security vulnerability,” this might be something that is being addressed. Correct? And it’s important for people to actually update their phones regularly so that they are having the most secure software possible?
John Breyault:
Yes. Cyber hygiene is definitely one of the lowest cost and easiest ways for consumers to reduce their risk of falling victim to identity fraud because once they are detected, the operating systems and browser makers are usually pretty quick to plug the hole. But that is often dependent on consumers paying attention to those little pop-up boxes that say, “Do you want to update your browser? Do you want to update windows?” And actually taking action. Definitely don’t wait to update. Make sure you do that because it really is one of the easiest ways to reduce your risk.
Sean Pyles:
So, John, walk us through some of the ways that listeners can protect themselves from identity fraud. We heard last week about protections from identity theft. So let’s assume that the theft has already happened and now we have to react to prevent the fraud. What are some first steps here?
John Breyault:
Well, number one, I would say act quickly. We know that identity theft is a crime that often relies on consumers doing nothing. If you know that your information has been compromised, take steps to reduce your risk. For many people, that’s going to start with freezing their credit report. All of the major credit reporting bureaus offer consumers the ability to freeze credit.
Number two, I would say try and limit the damage to the extent you can. For example, particularly if your primary email address has been compromised, that can be the entry point for scammers to take over lots of other accounts, your bank accounts, your social media accounts. So definitely change the password on your primary email account right away and turn on two-factor authentication as well to add an additional layer that the scammers have to get through. They’re going to try and use that entry point.
I would do the same for any financial accounts that you may have linked to that email account. In addition, call the banks and let them know what’s going on so that they can place fraud alerts on your accounts. And then finally, make sure and get a police report. Identity theft is a crime in all 50 states, but consumers, I think particularly if you start to see activity related to identity theft, having that report is often documentation that will be needed to get the kind of help from not just law enforcement, but also from banks and other entities that you’ll need.
I think, unfortunately, we know that local police departments aren’t always super excited to create those reports, so you may have to be persistent to do that, but definitely local police departments is the place I would start. And then work your way up to the State Attorney General and ultimately the Federal Trade Commission.
Sean Pyles:
Related to what you were just discussing, let’s go a step further. So let’s say someone took your information and then fraud happened before you could get to it. Who should you really go to for help? Let’s talk about reporting it and starting to deal with the fallout of fraud.
John Breyault:
Yeah. Once fraud has occurred, typically you still have rights. For example, an identity thief created a credit card in your name and started running a bunch of charges. You aren’t liable for that, but you’re going to need to take steps like have that identity theft affidavit and a police report ready to show to creditors who may wonder why you haven’t been paying your credit card bill that you just opened weeks ago. So definitely I would say getting those reports is going to be one key piece of information to have.
Also, call and talk to the entities who the identity thief is using in your name. Let them know who you are, what’s been going on, and see what you can do to address the fraud. Most of us don’t spend all day every day recovering from identity theft, but most of the financial institutions do have people who are devoted to helping you through that journey. But you’ve gotta keep records of that. Grab a notebook, create a little Word document on your computer, and start logging every communication that you have with those entities so that you can create a paper trail because you can’t just depend on them to know where you are in the process and to ensure that in one place they’re going to quickly try and use that information to commit identity theft in other places as well.
Sean Pyles:
Earlier in this episode, I spoke with a woman who experienced a form of bank fraud. A fraudster got access to her line of credit, and her bank didn’t offer much in the way of resolving the issue. She didn’t get her money back. And I’ve heard other similar stories before. What sort of recourse do people in that situation have to try to recoup their losses?
John Breyault:
Generally, if the consumer victim is not the one who is actually hitting send on the money transfer, whether it’s through a payment app or through a wire transfer from your bank, then you have protections under federal law as well as many state laws. So I think it’s important that if in a case like that where it sounds like the scammer got in because they were able to hack this woman’s credentials that she should have rights. Certainly if the bank seems unwilling to work with her, I would say your next stop should be the State Attorney General as well as groups like the Identity Theft Resource Center, which have great resources and help coach victims through recovering from these identity theft schemes.
Sean Pyles:
Yeah. And your advice just there brings up the idea of jurisdiction. The woman that I spoke with was based in Canada, where they have different rules and regulations than we do in the U.S. So I think it’s important for anyone to be familiar with what laws protect them where they’re living, whether it’s in a different country or a specific state.
John Breyault:
Yeah, absolutely. And I would say a great place to start that journey of learning what your rights are and what laws may apply is the FTC has a great website at identitytheft.gov where you can start to go through their checklist and create an identity theft recovery plan.
Sean Pyles:
Well, one final question. I’m asking this of all the experts that we’re talking with for this series, so I’ll ask you too. Have you ever fallen victim to a scam or identity theft or fraud?
John Breyault:
I definitely have. Fortunately for me, it wasn’t sort of life altering, but what got me interested in working on fraud was a trip I took to Jamaica on vacation where I was in a bar, which probably tells you the first thing that I wasn’t thinking very clearly, but one of the locals came up to me and said, “Hey, if you give me $20, I can get you cheaper drinks at the bar.” And I said, “Great.” And so I gave him the $20 and he turned around, bought some beers for him and his friends and just ignored me.
And I wasn’t about to start a fight with a bunch of guys in a bar in Jamaica. So I just said, “Okay, lesson learned.” Don’t always take what people say to you at face value and listen to your gut before you hand over your money. Unfortunately, in this country we have, when it comes to identity theft and being a victim of fraud, we often have this tendency to blame the victim.
And there’s a real stigma attached to being a victim of fraud. And we often use terms like, “You fell for a scam.” Or people say, “I can’t believe I was so stupid.” Or we use terms like, “pig butchering scams,” which suggest that somehow the victim is the one who’s culpable. I think that that is wrong. If I could have one additional message for listeners of this podcast, it’s show a little compassion the next time somebody tells you their fraud story and recognize that these are people who are victims of organized, multinational, very savvy criminals, and help them work through sort of this crime they’ve been a victim of and encourage them to report it.
Sean Pyles:
Well, John, thank you again for talking with us.
John Breyault:
I appreciate it, Sean.
Sean Pyles:
Sara, one thing that I really want listeners to remember is that the cost of experiencing identity fraud can go well beyond the money loss, which of course can be significant. People who are victimized in this way often suffer mental health consequences. Many feel ashamed or like they brought this upon themselves. So like John said, if you’ve experienced a loss like this, get help. Yes, contact the FTC and your local police, but also think about talking with a loved one or a therapist who can help you process your emotions around this.
Sara Rathner:
Yeah, know that you are not alone. You probably know people who have gone through something like this and you could commiserate with each other. The important thing is to receive nonjudgmental help from people who are on your side and will help you wrap your head around everything that’s happened to you, and you can come out the other side stronger and more determined to protect yourself in the future. Okay, Sean, tell us what’s coming up in Episode 3 of this series. I assume there are more horrors on the way.
Sean Pyles:
Unfortunately, yes. Next week we’re going to walk into the lion’s den of the scammiest people on earth. Imposter scams, romance scams, phishing, vishing, all in the name of parting you from your money.
Speaker 5:
That’s what these scammers try to do. They try to rush you into making a decision by telling you something’s urgent or an emergency like the family emergency scam, where they’ll say, “Oh, this is your grandchild and I’m overseas, and I need you to wire money fast because I’m jail or in the hospital.”
Sara Rathner:
Yikes. Well, for now at least, that’s all we have for this episode. Do you have a money question of your own? Turn to the Nerds and call or text us your questions at (901) 730-6373. That’s (901) 730-NERD. You could also email us at [email protected]. Also visit nerdwallet.com/podcast for more info on this episode. And remember to follow, rate and review us wherever you’re getting this podcast.
Sean Pyles:
This episode was produced by Tess Vigeland. I helped with editing, Kevin Berry helped with fact checking, Sara Brink mixed our audio.
Sara Rathner:
And here’s our brief disclaimer. We’re not financial or investment advisors. This nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstances.
Sean Pyles:
And with that said, until next time, turn to the Nerds.
Welcome to the charming city of Akron, Ohio, where the blend of urban amenities and natural beauty creates a unique and inviting atmosphere. Nestled along the banks of the Ohio and Erie Canal, Akron boasts a rich history and a thriving arts and culture scene. Residents of Akron enjoy a close-knit community, affordable living, and a wide range of recreational activities. So whether you’re searching for the perfect apartment in Akron or eyeing a cozy home for rent, you’ve come to the right place.
In this ApartmentGuide article, we’ll cut to the chase, breaking down the pros and cons of moving to Akron. Let’s get started and see what awaits in this vibrant city of Ohio.
Pros of living in Akron
1. Affordable cost of living
Akron boasts an affordable cost of living, making it an attractive option for individuals looking to stretch their budget. The average rent for apartments in Akron, is between $799 and $1,099 in 2024. Housing prices are reasonable, and the overall expenses for groceries, transportation, and healthcare are also relatively low compared to other cities. This allows residents to enjoy a comfortable lifestyle without breaking the bank.
2. Rich cultural heritage
Akron has a rich cultural heritage, with a strong emphasis on the arts and history. The city is home to numerous museums, galleries, and theaters, offering residents a diverse range of cultural experiences. From the Akron Art Museum to the Stan Hywet Hall & Gardens, there are plenty of opportunities to immerse oneself in the city’s vibrant cultural scene.
3. Access to outdoor recreation
Residents of Akron have easy access to outdoor recreation opportunities, thanks to the city’s proximity to parks, hiking trails, and nature reserves. The Cuyahoga Valley National Park is just a short drive away, providing a picturesque setting for hiking, biking, and birdwatching. The city also offers a variety of recreational activities, including golf courses, community pools, and sports leagues, catering to outdoor enthusiasts of all ages.
4. Strong sense of community
Akron is known for its strong sense of community, with residents actively participating in local events, volunteer initiatives, and neighborhood associations. The city’s close-knit neighborhoods foster a supportive and friendly environment, where neighbors look out for one another and come together to celebrate traditions and milestones. This sense of community creates a welcoming and inclusive atmosphere for new residents.
5. Diverse culinary scene
Akron offers a diverse culinary scene, with a wide range of dining options to satisfy every palate. From cozy diners serving up classic comfort food to trendy eateries offering international cuisine, there’s no shortage of delicious meals to enjoy. The city also hosts food festivals, farmers’ markets, and culinary events, showcasing the local flavors and talents of Akron’s culinary community.
6. Educational opportunities
Akron is home to several reputable educational institutions, including the University of Akron and Kent State University’s satellite campus. This provides residents with access to quality higher education and lifelong learning opportunities. The city also has a strong public school system, with a focus on academic excellence and extracurricular activities for students of all ages.
7. Thriving job market
Akron has a thriving job market, with employment opportunities in various industries such as healthcare, manufacturing, and technology. The city’s strategic location and business-friendly environment make it an attractive destination for job seekers and entrepreneurs. Additionally, Akron’s commitment to economic development and innovation contributes to a dynamic and diverse workforce.
Cons of living in Akron
1. Harsh winters
Akron experiences harsh winters with heavy snowfall and cold temperatures, which can be challenging for residents who are not accustomed to such weather conditions. The winter months often require extra precautions for driving and outdoor activities, and the need for snow removal and maintenance can be a hassle for homeowners.
2. Limited public transportation
Akron has limited public transportation options, which can be inconvenient for residents who rely on buses or trains for their daily commute. With a transit score of 30, the city’s public transit system is not as extensive as in larger metropolitan areas. Making it necessary for many residents to own a car for their transportation needs. This can lead to traffic congestion and parking issues in certain areas.
3. Industrial landscape
Akron has an industrial landscape, with a history rooted in manufacturing and rubber production. While the city has diversified its economy over the years, some neighborhoods still bear the remnants of heavy industry, including abandoned factories and industrial sites. This can detract from the aesthetic appeal of certain areas and impact the overall environmental quality.
4. Limited nightlife options
Akron has limited nightlife options compared to larger cities, with fewer bars, clubs, and entertainment venues available for residents to enjoy. While the city has a growing arts and music scene, the nightlife may not be as vibrant or diverse as in other urban centers, leading some residents to seek entertainment options in neighboring cities.
5. Weather-related challenges
In addition to harsh winters, Akron experiences weather-related challenges such as heavy rainfall and occasional flooding. The city’s proximity to the Cuyahoga River and its tributaries can result in localized flooding during periods of intense precipitation, posing potential risks for residents living in flood-prone areas.
If you’re on the hunt for the right pattern to decorate the walls of your home, look no further than Just Wallpaper in Brookfield.
The wallpaper store’s new location at 9219 Broadway Ave. opened to customers Tuesday. Co-owners Julia Hamilton and Kate Sanderson staff the stop themselves Tuesdays through Saturdays, helping customers who walk in or book appointments browse through the thousands of patterns the store has available to personalize their homes and make their spaces feel lived in.
“Don’t decorate your house gray and white for the future owner. Why are you doing that?” Hamilton said. “You live there. Decorate it for you!”
Berwyn Shops, an incubator program for small businesses in Berwyn’s Roosevelt Road corridor, and realized how much demand there was for a walk-in wallpaper store.
“A week into getting our LLC, the person from the [Berwyn Development Corporation] was like, ‘Oh, hey, do you want to get involved in this?’ And the next thing you know, we donated wallpaper to all 12 of the shops, and we have a park bench with our logo on it,” Hamilton said. “Then, people were like, ‘Well, we want to come check the books.’”
While Hamilton said she hadn’t envisioned Just Wallpaper having a storefront, she and Sanderson converted a “little, tiny, tiny office space” in Berwyn — the entire building was smaller than the front room of the store’s current space, Hamilton said — into a shop in June 2022 so they could host customers. In January 2023, they had expanded the store’s hours, accepting walk-in customers two days a week. By September 2023, they were open four days a week for walk-ins.
“Most of what we found is that people were coming into the little shop, and they [were] like, ‘Oh my God, thank God I found you. I’ve been on the internet for three months, I’ve spent $100 on samples, and I still haven’t found the [right] wallpaper. Help me!’” Hamilton said. “That’s where it became, like, ‘OK, this is a shop, and we’ve got to find a real store, and this is real.’ We’re solving a little problem, but we’re solving it.”
When it came time for Just Wallpaper to find a new location, Hamilton said the business’s current space felt right as soon as she saw it. She said Brookfield, too, made sense for Just Wallpaper’s new home due to its proximity to Chicago and its central location among the western suburbs.
“One of the things we learned rather quickly is that our clients that were in the city had no problem coming to Berwyn or Brookfield,” Hamilton said. “It’s not that far. It’s no big deal.”
Since the original Just Wallpaper was in Orland Park, “We have a lot of south suburb clients and people that are willing to drive, and they’re not willing to drive into the city,” she said. “We knew our general client is, you know, from Oak Park to LaGrange … We didn’t want to venture far, and Brookfield ended up being the most perfect.”
Hamilton said wallpaper has had a “really big surge” in popularity since the COVID-19 pandemic.
“We’ve seen it in real estate, but in interior design, [there’s a trend of] just making your space more your own, making it more lived in, making it more personal, and wallpaper’s just like a really easy way to do that,” she said. “It can be a luxury product based on price point, but just like anything else, it can also have a core-basics price point as well.”
While Just Wallpaper is just starting out at its Brookfield location, Hamilton said she and Sanderson have their eyes on the future.
“Not on the immediate horizon, but long-term horizon, I would love — you know, assuming we are thriving in the space, and wallpaper is trending in the way it has been — I would love to open more locations and have it be a retailer for wallpaper,” Hamilton said. “That’s the big dream.”
Inside: Learn how much your 70k salary is hourly. Plus find tips to make more money and live the lifestyle you want.
You want to know to look into this… Is 70k salary a solid hourly wage in today’s society?
When you get a job and you are making about $19 an hour, making over $70,000 a year seems like it would provide amazing opportunities for you. Right?
The median household income was $70,084 in 2021 not much different from the previous year (source). Think of it as a bell curve with $70 at the top; the median means half of the population makes less than that and half makes more money.
The average income in the U.S. is $55,350 for a 40-hour workweek; that is an increase of 1.1% from the previous year (source). That means if you take everyone’s income and divide the money out evenly between all of the people.
Obviously, $70k is above the average and median incomes; yet, most people feel like they can barely make ends meet with this higher than average salary.
But, the question remains… Can you truly live off 70,000 per year in today’s society? The question you want to ask all of your friends is whether $70000 per year is a good salary.
In this post, we are going to dive into everything that you need to know about a $70000 salary including hourly pay and a sample budget on how to spend and save your money.
These key facts will help you with money management and learn how much per hour $70k is as well as what you make per month, weekly, and biweekly.
Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…
Can I make a living on this salary?
$70000 a year is How Much an Hour?
When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 70k a year hourly. That way you can decide whether or not the job is worthwhile for you.
70000 salary / 2080 hours = $33.65 per hour
$70000 a year is $33.65 per hour
Let’s breakdown how that 70000 salary to hourly number is calculated.
For our calculations to figure out how much is 70K salary hourly, we used the average five working days of 40 hours a week.
Typically, the average work week is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $70000 by 2,080 working hours and the result is $33.65 per hour.
Just below $34 an hour.
That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.
What If I Increased My Salary?
Just an interesting note… if you were to increase your annual salary by $10K, it would increase your hourly wage by $4.81 per hour.
To break it down – 80k a year is how much an hour = $38.46
That is a huge difference in what you are able to afford! Every dollar adds up to under $40 an hour.
How Much is $70K salary Per Month?
On average, the monthly amount would be $5,833.33.
Annual Salary of $70,000 ÷ 12 months = $5,833.33 per month
This is how much you make a month if you get paid 70000 a year.
$70k a year is how much a week?
This is a great number to know! How much do I make each week? When I roll out of bed and do my job of $70k salary a year, how much can I expect to make at the end of the week for my effort?
Once again, the assumption is 40 hours worked.
Annual Salary of$70000/52 weeks = $1,346 per week.
$70000 a year is how much biweekly?
For this calculation, take the average weekly pay of $1,346 and double it.
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour work day.
8 hours x 52 weeks = 260 working days
Annual Salary of$70000 / 260 working days = $269 per day
If you work a 10 hour day on 208 days throughout the year, you make $336 per day.
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$70000 Salary is…
$70000 Salary – Full Time
Total Income
Yearly Salary (52 weeks)
$70,000
Monthly Salary
$5,833
Weekly Wage (40 Hours)
$1,346
Bi-Weekly Wage (80 Hours)
$2,692
Daily Wage (8 Hours)
$269
Daily Wage (10 Hours)
$336
Hourly Wage
$33.65
Net Estimated Monthly Income
$4,453
Net Estimated Hourly Income
$25.69
**These are assumptions based on simple scenarios.
70k A Year Is How Much An Hour After Taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with a salary range of up to $160,200.
When you start getting into a higher salary range, the more you make, the more money that you have to pay in taxes.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
So, how much an hour is 70000 a year after taxes?
Gross Annual Salary: $70,000
Federal Taxes of 12%: $8,400
State Taxes of 4%: $2,800
Social Security and Medicare of 7.65%: $5,355
$70k Per Year After Taxes is $53,445.
This would be your net annual salary after taxes.
Hourly Wage After Taxes
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$53445 ÷ 2,080 hours = $25.69 per hour
After estimated taxes and FICA, you are netting $53,445 per year, which is $16,555 per year less than what you expect.
***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***
Taxes Based On Your State
In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody who lives in a no tax state like Texas or Florida. This is the debate of HCOL vs LCOL.
Thus, your yearly gross $70000 income can range from $47,845 to $56,245 depending on your state income taxes.
That is why it is important to realize the impact income taxes can have on your take home pay. It is one of those things that you should acknowledge and obviously, you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $70,000 income.
How Much Is 70K A Year Hourly Salary Calculator
More than likely, your salary is not a flat 70k, here is a tool to convert your salary to hourly calculator.
If you make 70000 a year, learn how much house can you afford.
70k salary lifestyle
Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person? And there’s no wrong or right, it is what works best for you.
One of the biggest factors to consider is your cost of living.
In another post, we detailed the differences between living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $70,000 a year is going to be much more difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower cost area.
To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can live a much more lavish lifestyle because the cost of living is less. Thus, you have more fun spending left in your account each month.
As we noted earlier in the post, $70,000 a year is above the median income of $60000 that you would find in the United States. Thus, you are able to live an above-average lifestyle here in America.
What a $70,000 lifestyle will buy you:
If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.
When A $70,000 Salary Will Hold you Back:
However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 70k a year is going to be pretty darn difficult.
There are two factors that will keep holding you back:
You must pay off debt and cut all fun spending until that happens.
Break the paycheck to paycheck cycle.
Live a lifestyle that you can afford.
It is possible to get ahead with money!
It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.
$70K a year Budget – Example
As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money is left for fun spending.
If you want to know how to manage 70k salary the best, then this is a prime example for you to compare your spending.
You can compare your budget to the ideal household budget percentages.
recommended budget percentages based on $70000 a year salary:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$583
Savings
15-25%
$1167
Housing
20-30%
$1400
Utilities
4-7%
$146
Groceries
5-12%
$394
Clothing
1-4%
$29
Transportation
4-10%
$175
Medical
5-12%
$292
Life Insurance
1%
$15
Education
1-4%
$20
Personal
2-7%
$88
Recreation / Entertainment
3-8%
$146
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$1389
Total Gross Income
$5,833
**In this budget, prioritization was given to savings, basic expenses and no debt.
Is $70,000 a year a Good Salary?
As we stated earlier if you are able to make $70,000 a year, that is a good salary. You are making more money than the average American and slightly less on the bell curve on the median income.
You shouldn’t be questioning yourself if 70000 is a good salary.
However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.
This $70k salary would be considered a middle-upper class salary. This salary is something that you can live on very comfortably.
Check: Are you in the middle class?
In fact, this income level in the United States has enough buying power to put you in the top 91 percentile globally for per-person income (source).
The question you need to ask yourself with your 70k salary is:
Am I maxed at the top of my career?
Is there more income potential?
What obstacles do I face if I want to try to increase my income?
In the future years and with possible inflation, in some expensive cities, 70000 a year is not a good salary because the cost of living is so high, whereas these are some of the cities where you can make a comfortable living at 70000 per year.
If you are looking for a career change, you want to find jobs paying at least $90,000 per year.
Is 70k a good salary for a Single Person?
Simply put, yes.
You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.
Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $70000 per year.
And… most of us probably regret that we didn’t learn how to spend money wisely. Oh well, lesson learned.
Is 70k a good salary for a family?
Many of the same principles apply above on whether $70000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.
The costs of raising children are high and will steeply cut into your income. As you can tell this is a huge dent in your income, specifically $12,980 annually per child. Plus this does not include college.
That means that amount of money is coming out of the income that you earned.
So, the question really remains is can you provide a good life for your family making $70,000 a year? This is the hardest part because each family has different choices, priorities, and values.
More or less, it comes down to two things:
The location where you live in.
Your lifestyle choices.
You can live comfortably as a family on this salary, but you will not be able to afford everything you want.
Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 70,000 per year, then the combined income for the household would be $140,000. Thus making your combined salary a very good income.
Learn how much money a family of 4 needs in each state.
Can you Live on $70000 Per Year?
As we outlined earlier in the post, $70,000 a year:
$33.65 Per Hour
$269-336 Per Day (depending on the length of day worked)
$1346 Per Week
$2692 Per Biweekly
$5833 Per Month
Next up is making $75000 a year.
Like anything else in life, you get to decide how to spend, save and give your money.
That is the difference for each person on whether or not you can live a middle-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than in Mississippi or even Texas.
In addition, if you are early in your career, starting out around 45,000 a year, that is a great place to be getting your career. However, if you have been in your career for over 20 years and still making $70K, then you probably need to look at asking for pay increases, picking up a second job, or finding a different career path.
Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.
But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.
Learn exactly how much do I make per year…
One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.
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This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
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This course is designed for freight brokers in any setting, regardless of their employment status.
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Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
As the capital of the Buckeye State, Columbus has its own special charm, offering everything from top-notch universities and cutting-edge research facilities to a dynamic arts scene and delicious food. Have you ever wondered, “Should I move to Columbus, OH?” If so, you’re not alone. Columbus holds a unique blend of urban culture with a touch of Midwestern charm, making it a welcoming place for anyone thinking of calling it home. Before making a move to this city, it’s a good idea to know what strengths and weaknesses Columbus has to offer. In this article, we’ll break down 10 pros and cons of living in Columbus to help you decide if it’s the right place for you.
Columbus at a Glance
Walk Score: 41 | Bike Score: 48 | Transit Score: 30
Median Sale Price: $273,000 | Average Rent for 1-Bedroom Apartment: $1,435
Columbus neighborhoods | houses for rent in Columbus | apartments for rent in Columbus | homes for sale in Columbus
Pro: Access to educational and research facilities
Columbus is known for being a center for education and research. This is anchored by The Ohio State University—one of the largest universities in the country. This provides locals with access to a range of educational opportunities, cutting-edge research, and community programs. The presence of such an institution not only enriches the intellectual life of the city but also drives innovation in various sectors, including healthcare, engineering, and technology.
Con: Unpredictable weather
Living in Columbus means experiencing a wide range of weather conditions, often unpredictable and sometimes extreme. Summers can be hot and humid, making outdoor activities uncomfortable, while winters are cold, with snow and ice a common occurrence. This variability can affect everything from daily commutes to outdoor plans, requiring residents to be prepared for anything. The changing seasons, while beautiful, can pose a challenge for those not accustomed to such fluctuations.
Pro: Beautiful green spaces and parks
The city is home to a diverse array of parks, ranging from expansive urban parks to scenic nature preserves. One notable example is the Scioto Mile, a riverfront park spanning over 175 acres along the Scioto River. This park features walking and biking trails, landscaped gardens, and interactive fountains. Additionally, Goodale Park offers a tranquil oasis with tree-lined pathways, a pond, and open green spaces for picnics and leisurely strolls. Columbus also boasts several metro parks, such as Highbanks Metro Park and Sharon Woods Metro Park. Whether enjoying a scenic jog along the riverfront, or simply unwinding amidst nature, Columbus’ green spaces and parks enrich the quality of life for everyone living there.
Con: Limited public transportation
While Columbus offers some public transportation options, the system’s reach and frequency can be limiting for those without personal vehicles. The Transit Score of 30 can pose a challenge for residents looking to navigate the city efficiently, particularly those living outside the central areas. The reliance on cars contributes to traffic congestion and can be a barrier for those seeking to reduce their environmental footprint or who don’t have a personal vehicle.
Pro: Diverse culinary options
Columbus’s culinary scene is a reflection of its population, offering a wide range of dining options that cater to various tastes and preferences. From food trucks in the Short North to fine dining establishments downtown, the city’s food landscape is vibrant and ever-evolving. Ethnic cuisines, such as Ethiopian, Nepalese, and Mexican, are well-represented, providing residents and visitors with a taste of global flavors right in the heart of Ohio.
Con: High property taxes
Residents of Columbus face relatively high property taxes compared to other areas in Ohio. This can be a significant consideration for potential homeowners, affecting affordability and the overall cost of living. The taxes fund important services, including schools and public safety, but they can also place a financial strain on families and individuals, impacting their ability to invest in property within the city limits.
Pro: Community events and festivals
Columbus is loved for its lively community events and festivals, which celebrate its diverse culture and bring people together. From the Columbus Arts Festival to the Ohio State Fair, there is always something happening. These events offer opportunities for entertainment, learning, and cultural exchange, fostering a strong sense of community and belonging among locals.
Con: Noise pollution
As a bustling urban center, Columbus is not immune to the issue of noise pollution. The sounds of traffic, construction, and urban activities can be a constant presence, particularly in the downtown and university areas. This can affect residents’ quality of life, especially those seeking a quieter, more serene living environment. The city’s exciting nightlife, while a draw for many, can also contribute to the noise levels.
Pro: Supportive business environment
Columbus is recognized for its supportive business environment, making it an attractive location for entrepreneurs and startups. The city offers a variety of resources, including incubators, networking events, and funding opportunities, to help new businesses grow. This entrepreneurial spirit is bolstered by a collaborative community that values innovation and supports local businesses, contributing to the city’s economic vitality and diversity.
Con: Seasonal insect issues
With its varied seasons, Columbus is home to a number of insect pests that can become particularly bothersome during warmer months. The high amounts of mosquitoes, ticks, and other pests can be a significant nuisance for some. Efforts to control these pests can be costly and require ongoing attention, impacting the enjoyment of the city’s many outdoor spaces.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
100k salary is when you feel like you have arrived in your career. You know living on this amount of income would be simple. But, is making $100000 doable in today’s high inflation world?
When you get a job and you are making about $28 an hour, making over $100,000 a year seems like it would provide amazing opportunities for you. Right?
The median household income is $68,703 in 2019 and increased by 6.8% from the previous year (source). Think of it as a bell curve with $68K at the top; median means half of the population makes less than that and half makes more money.
The average income in the U.S. is $48,672 for a 40-hour workweek; that is an increase of 4% from the previous year (source). That means if you take everyone’s income and divide the money out evenly between all of the people.
Obviously, $100k is well above the average and median incomes; yet, most people feel like they can barely make ends meet with this much higher than average salary.
But, the question remains can you truly live off 100,000 per year in today’s society. The question you want to ask all of your friends is $100000 per year a good salary.
In this post, we are going to dive into everything that you need to know about a $100000 salary including hourly pay and a sample budget on how to spend and save your money.
These key facts will help you with money management and learn how much per hour $100k is as well as what you make per month, weekly, and biweekly.
Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…
Can I make a living on this salary?
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$100000 a year is How Much an Hour?
When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 100k a year hourly. That way you can decide whether or not the job is worthwhile for you.
For our calculations to figure out how much is 100K salary hourly, we used the average five working days of 40 hours a week.
Let’s breakdown how that 100000 salary to hourly number is calculated.
Typically, the average work week is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $100000 by 2,080 working hours and the result is $48.08 per hour.
100000 salary / 2080 hours = $48.08 per hour
$100000 a year is $48.08 per hour
This is just above $45 an hour.
That number is the gross hourly income before taxes, insurance, 401K or anything else is taken out. Net income is how much you deposit into your bank account.
You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.
Just an interesting note… if you were to increase your annual salary by $5K or start a side hustle making $5k a year, it would increase your hourly wage by $2.40 per hour.
To break it down – 105k a year is how much an hour = $50.48
That isn’t a huge amount of money, but every dollar adds up to over $50 an hour.
How Much is $100K salary Per Month?
On average, the monthly amount would be $8,333.
Annual Salary of $100,000 ÷ 12 months = $8,333 per month
This is how much you make a month if you get paid 100000 a year.
$100k a year is how much a week?
This is a great number to know! How much do I make each week? When I roll out of bed and do my job of a $100k salary a year, how much can I expect to make at the end of the week for my effort?
Once again, the assumption is 40 hours worked.
Annual Salary of$100000/52 weeks = $1,923 per week.
$100000 a year is how much biweekly?
For this calculation, take the average weekly pay of $1,923 and double it.
This depends on how many hours you work in a day. For this example, we are going to use an eight hour work day.
8 hours x 52 weeks = 260 working days
Annual Salary of$100000 / 260 working days = $384 per day
If you work a 10 hour day on 208 days throughout the year, you make $480 per day.
$100000 Salary is…
$100000 – Full Time
Total Income
Yearly (52 weeks)
$100,000
Monthly
$8,333
Weekly (40 Hours)
$1,923
Bi-Weekly (80 Hours)
$3,846
Daily Wage (8 Hours)
$384
Daily Wage (10 Hours)
$480
Hourly Wage
$48.08
Net Estimated Monthly Income
$6,362
Net Estimated Hourly Income
$36.71
**These are assumptions based on simple scenarios.
Learn how much house can I afford with 100k salary.
100k A Year Is How Much An Hour After Taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with an all salary range up to $142,800.
When you start getting into a higher salary range, the more you make, the more money that you have to pay in taxes.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
So, how much an hour is 100000 a year after taxes?
Gross Annual Salary: $100,000
Federal Taxes of 12%: $12,000
State Taxes of 4%: $4,000
Social Security and Medicare of 7.65%: $6,382
$100k Per Year After Taxes is $76,350.
This would be your net annual salary after taxes.
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$76,350 ÷ 2,080 hours = $36.71 per hour
After estimated taxes and FICA, you are netting $76350 per year, which is a whopping $23,650 per year less than what you expect.
***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***
In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody that lives in a no tax state like Texas or Florida. This is the debate of HCOL vs LCOL.
Thus, your yearly gross $100000 income can range from $68,350 to $80,350 depending on your state income taxes.
That is why it is important to realize the impact income taxes can have on your take home pay. It is one of those things that you should acknowledge and obviously you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $100,000 income.
100k salary lifestyle
Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person. And there’s no wrong or right, it is what works best for you.
One of the biggest factors to consider is your cost of living.
In another post, we detailed the differences of living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $100,000 a year is going to be much more difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower cost area.
To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can live a much more lavish lifestyle because the cost of living is less. Thus, you have more fun spending left in your account each month.
As we noted earlier in the post, $100,000 a year is well above the median income of $40000 that you would find in the United States. Thus, you are able to live an upper-class lifestyle here in America.
What a $100,000 lifestyle will buy you:
If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.
Saving at least $10000 in a year.
You are able to afford a home in a great neighborhood in MCOL city and probably HCOL area.
You should be able easily meeting your expenses each and every month.
Saving at least 20% of your income each month.
Working to increase your savings percentage every year.
Able to afford vacations on a fairly regular basis; of course by using your vacation fund.
When A $100,000 Salary Will Hold you Back:
However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 100k a year is going to be pretty darn difficult.
Two factors will keep holding you back:
You must pay off debt and cut all fun spending until that happens.
Break the paycheck to paycheck cycle.
Live a lifestyle that you can afford.
It is possible to get ahead with money!
It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.
$100K a year Budget – Example
As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money is left for fun spending.
If you want to know how to manage a 100k salary the best, then this is a prime example for you to compare your spending.
You can compare your budget to the ideal household budget percentages.
recommended budget percentages based on $100000 a year salary:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$833
Savings
15-25%
$1683
Housing
20-30%
$2000
Utilities
4-7%
$229
Groceries
5-12%
$667
Clothing
1-4%
$33
Transportation
4-10%
$225
Medical
5-12%
$375
Life Insurance
1%
$21
Education
1-4%
$25
Personal
2-7%
$83
Recreation / Entertainment
3-8%
$188
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$1971
Total Gross Income
$8,333
**In this budget, prioritization was given to savings, basic expenses, and no debt.
Is $100,000 a year a Good Salary?
As we stated earlier if you are able to make $100,000 a year, that is a good salary. You are making more money than the average American and slightly less on the bell curve on the median income.
You shouldn’t be questioning yourself if 100000 is a good salary.
However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.
The good news is you are in the six figures club!
This $100k salary would be considered a upper-middle class salary. This salary is something that you can live on very comfortably.
Check: Are you in the middle class?
In fact, this income level in the United States has enough buying power to put you in the top 91 percentile globally for per person income (source).
The question you need to ask yourself with your 100k salary is:
Am I maxed at the top of my career?
Is there more income potential?
What obstacles do I face if I want to try to increase my income?
In the future years and with possible inflation, some expensive cities 100,000 a year is not a good salary because the cost of living is so high, whereas these are some of the cities that you can make a comfortable living at 100,000 per year. You probably need to make $200k a year.
If you are looking for a career change, you may want to look at is being your boss or starting a side business. Then, you can move towards seven figures.
Is 100k a good salary for a Single Person?
Simply put, yes.
You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.
Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $100000 per year.
And… most of us probably regret how much money wasted when we were single. Oh well, lesson learned.
Is 100k a good salary for a family?
Many of the same principles apply above on whether $100000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.
The cost of raising a child born in 2015 is $233,610 (source). That is from birth to the age of 17 and this does not include college.
As you can tell this is a huge dent in your income, specifically $12,980 annually per child. If you make the decision to have children, then you need to be financially prepared for the impact on your finances.
That means that amount of money is coming out of the income that you earned.
So, the question really remains is can you provide a good life for your family making $100,000 a year? This is the hardest part because each family has different choices, priorities, and values.
More or less, it comes down to two things:
The location where you live in.
Your lifestyle choices.
You can live comfortably as a family on this salary, but you will not be able to afford everything you want.
Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if one party was making 100,000 per year and the other 55000 per year, then the combined income for the household would be $155,000. Thus making your combined salary an upper class income.
Learn how much money a family of 4 needs in each state.
Can you Live on $100000 Per Year?
As we outlined earlier in the post, $100,000 a year:
$48.08 Per Hour
$384-480 Per Day (depending on length of day worked)
$1923 Per Week
$3846 Per Biweekly
$8333 Per Month
You should be very grateful you are not living on $30000 a year anymore.
Like anything else in life, you get to decide how to spend, save and give your money.
That is the difference for each person on whether or not you can live a middle-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than Oklahoma or even Texas.
In addition, if you are early in your career, starting out around 65,000 a year, that is a great place to be getting your career. However, if you have been in your career for over 20 years and making $100K, then you probably need to look at asking for pay increases, pick up a second job, or find a different career path.
Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.
But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.
Learn exactly how much do I make per year…
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode:
Explore the ins and outs of planning a group cruise, from choosing the right trip to coordinating on-board activities.
What are the benefits of booking a group cruise for your friends and family?
What amenities do cruises offer that could make travel easier for you and your group?
Hosts Sean Pyles and Meghan Coyle discuss how to choose and book the best cruise to help you understand the logistics of planning a group vacation at sea. They begin with a discussion of the advantages and drawbacks of going on a cruise with a group, with tips and tricks on selecting destinations that fit your travel style, managing the financial aspects of shared cruise costs and utilizing onboard amenities for all age groups.
Then, Sean and Meghan discuss the ins and outs of cruise excursions and travel tips for groups. They discuss the importance of early reservation for excursions, strategies for avoiding the rush when disembarking at ports, and the value of shared travel experiences for bonding with your party.
Check out this episode on your favorite podcast platform, including:
NerdWallet stories related to this episode:
Episode transcript
This transcript was generated from podcast audio by an AI tool.
Sean Pyles:
Planning a group vacation is not easy. You need to consider multiple opinions around transportation, lodging, food, entertainment. The Google Doc could be a lengthy one. Not to mention the bill. But there’s one way to go that takes all of those decisions out of your hands. Today we’re going to explore the pros and cons and costs of taking a group on a cruise.
Meghan Coyle:
There are some people who like to sit on a beach during their vacation and not do too much else. If that’s your style, then I’d suggest looking at a cruise like in Hawaii or the Caribbean where there’s a lot of stops at beaches and you don’t have to waste time looking at a city or something if you don’t want to.
Sean Pyles:
Welcome to NerdWallet’s Smart Money Podcast. I’m Sean Pyles.
Meghan Coyle:
And I’m Meghan Coyle.
Sean Pyles:
This episode concludes our nerdy deep dive into group travel. Meghan, it’s been so fun thinking about all the different ways to travel with friends and family.
Meghan Coyle:
Yeah, I think we’ve covered a lot of ground, Sean. Group travel and airlines, where to stay with groups, how to get groups from one location to another via cars, trains and public transit. And today we’re going to talk about the option that puts all of that in one place. Well, maybe not the airline part, but you get my drift, my ocean drift.
Sean Pyles:
Yes, it’s time to hit the water for a cruise.
Meghan Coyle:
We’re cruising, Sean.
Sean Pyles:
Will Julie McCoy, Isaac Washington and Captain Stubing be welcoming us aboard?
Meghan Coyle:
Oh, Sean, that is an old school reference for all time, and you’re not that old.
Sean Pyles:
I’m not, but a classic is a classic. But seriously, whether it’s Love Boat or Death on the Nile, trips aboard a cruise are legendary and a huge part of vacation culture.
Meghan Coyle:
They are. In fact, more than 12 million Americans went on cruises in 2022, part of the post pandemic cruise rebound. And if you think about it really, is there any better way to wrangle a group of people in one place while allowing them to pretty much do whatever they want?
Sean Pyles:
Well, cruises are not for me, but you do have a point. So I’m looking forward to hearing more about some of the logistics and costs and things to watch out for and anticipate. And today you are the one in the hot seat.
Meghan Coyle:
I am. I’m not only your purser, I’m your expert.
Sean Pyles:
All right, well listener, we want to hear your thoughts about group travel. Are you organizing a trip for a bunch of friends? If so, how are you going about it and what questions do you have? Leave us a voicemail or text the Nerd hotline at 901-730-6373. That’s 901-730-NERD. Or email a voice memo to [email protected]. Stay with us. We are back in a moment.
Meghan, let’s talk cruises. I have to start out with a confession. I’ve never been on a cruise. I guess it’s a two part confession because the other part is that I’m wary of cruises. So tell me, what is your experience with cruises?
Meghan Coyle:
So I’ve been on three cruises and I’m going on another one this summer and I was also a little wary of them, but my grandma loves them and she just has been booking them as a way to get our extended family together and we literally have four generations traveling together when we go on a cruise. So it’s been nice because, yeah, it’s like a little reunion and we get to see a new place together.
Sean Pyles:
The family aspect seems great because you can get everyone in one place and it’s not that difficult once you’ve all gotten onto the boat. Once you’re there, what’s exciting to you about cruises?
Meghan Coyle:
So I like seeing a lot of destinations. I’m trying to learn how to slow travel, but for right now I love being really efficient and when I have a few days off, seeing as many places as I can in those few days and cruises are a great way to do that. You don’t waste a lot of time driving. And honestly, there are a lot of destinations that are just easier to see by water. For example, I went on an Alaska cruise and I recommend that to anyone who’s a little wary of cruises because there really is no better way to see Alaska. It is just so big. It would be impossible to drive all of that.
Sean Pyles:
And I imagine if you’re someone who doesn’t like to get super into the logistics of traveling and just wants to get on a boat and be shown things, cruises could be really appealing.
Meghan Coyle:
They help you set the itinerary and oftentimes they’ll even tell you what time you need to be at dinner. It can be very planned out for you, which is really nice.
Sean Pyles:
How can folks choose which cruise to go on, there are so many?
Meghan Coyle:
Of course look at cruises that interest you and fit your travel style. So there are some people who like to sit on a beach during their vacation and not do too much else. If that’s your style, then I’d suggest looking at a cruise like in Hawaii or the Caribbean where there’s a lot of stops at beaches and you don’t have to waste time looking at a city or something if you don’t want to.
But if you are more into the city destinations or going to see a different country perhaps, and you need a bit more of a mix of relaxing days and touristy days, then I’d recommend looking at other locations that would maybe provide a mix of those two things for you. So the Mediterranean is often a good option. I think Southeast Asia would be really cool to go see, to get a little mix of both.
Sean Pyles:
So really know yourself, know what you want out of your vacation, know how you like to travel and then see what kind of cruise can fit the bill for you. Like I mentioned, I haven’t done a cruise before and I’m kind of wary of them in part because there are so many people just shoved onto this big boat in the sea and that’s just not my thing. But maybe I would look into a smaller boat, a more intimate type of cruise.
Meghan Coyle:
Exactly. There are so many different types of cruises like a river cruise for example, might be an example of a smaller ship that might be more interesting to you. And there’s also a lot of newer cruises, newer ships, and they’ve done a lot in the past 20 years probably to make these cruises really private in some ways. There’s a lot of third spaces where you can hang out outside of your room. So if you’re worried about the crowds, you might be pleasantly surprised that there’s actually some places you can go on a cruise ship where you can have some alone time.
Sean Pyles:
Meghan, I’d like to hear why cruises are good for group travel.
Meghan Coyle:
I mean the big plus is that everyone is staying in the same place and there’s lots of different activities for all age groups. So when I travel with my family, my grandma can do some of the bingo and the ballroom dancing.
Sean Pyles:
You’re not joining in on the bingo?
Meghan Coyle:
Yeah. Bingo is not my thing, but I can go to the water park, I can go have a drink with my friends out on the deck. There’s a lot of options for everyone.
Sean Pyles:
And I think that’s important when you’re traveling with a group, you should have some understanding that each person’s going to want to do slightly different things. You don’t need to be together all of the time. And with the amount of activities that are available on a cruise, your grandma can go and play bingo, you can go do something else, your dad could do another thing and it’s no big deal because you know you’ll meet up when the dinner bell rings because the boat tells you you have to eat at this certain time and that’s when you kind of have to regroup.
Meghan Coyle:
Exactly. And the other thing I wanted to point out is that food is usually included in the cost of the cruise. There might be some upgrades you can get for specialty restaurants on board, but for the most part food is included. And so that I think takes out the biggest stress of traveling with the group, which is feeding everyone and finding something that everyone agrees to and is in the right budget. When it’s all included that it just simplifies it so much.
Sean Pyles:
Not to mention splitting the bill is always a headache when you’re traveling with a group. So it takes that totally out of the equation, which is nice.
Okay. And then what about actually booking a cruise as a group? Do you all need to book at the exact same time? Are there certain accommodations that you need to make when you are a group? How should people approach the actual booking of a cruise when you are doing it as a group?
Meghan Coyle:
So you want to research the different types of staterooms that they have. Those are the cabins that you would book and there’s a lot of different configurations. You could get one with a balcony, sometimes there’s a two bedroom suite sort of situation. So before you book anything, really understand the different types of staterooms and how much each of those would cost. And you don’t have to book all together. You can often select the floor that you’re on in the boat. And I’ve found it’s nice to stay on the same floor or at least the same part of the boat as your family or friends or your group because it just makes it easier to get to each other if they’re right down the hallway. And you can also look for some deals that’ll make traveling as a group cheaper.
So for example, there are a few cruises that do a kid sale free package where you might be able to bring little ones for not no extra cost because you’ll probably have to pay for some of the add-ons, like the drinks or whatever. But that takes out a lot of the cost. And especially with staterooms, it’s not exactly like you’re buying a hotel room where you buy the hotel room and then split it with someone else outside of the payment system. On a cruise a second person is actually another cost. So it’s actually easier that everyone can see how much their space in the stateroom costs.
Sean Pyles:
So that’s another way where being on a cruise makes financing a trip a little bit easier because you have clear divisions of who is paying what to be in a room.
Meghan Coyle:
Exactly. And I would just warn people to look out for some of the rules about traveling as a group, especially where drink packages are involved. Most cruises come with a complimentary sort of basic drinks package, which is probably just water and soda and coffee and tea and then alcohol or even specialty coffee drinks like some Norwegian cruise lines have Starbucks locations right on the cruise ship, and those might not be part of the drinks package. And sometimes they can be very restrictive about how many people in your group need to have a certain drink package to be able to book or to be able to buy drinks for everyone.
Sean Pyles:
Oh, because they think that just one person’s going to have the Starbucks package and then get coffee for everyone else?
Meghan Coyle:
Yeah. So just be aware that you want to get a drink package that will include everyone and all of the beverages you’ll want.
Sean Pyles:
So read the terms and conditions of all of the expenses that go into a cruise. And is there one clear place where you can see that when you’re booking or is it like you get on the boat and suddenly you realize, oh, we’ve got to get this Starbucks package because X number of people in the group need to get this for the cruise to be happy with us?
Meghan Coyle:
You can do it before you get on the cruise when you’re booking online. That might require reading some of the fine print to make sure you got it exactly right. But if you do not have the drink package you need, you can always add it on when you’re on the boat as well.
Sean Pyles:
Well, as your experience tells us, cruises are really big among families. So what should parents know about bringing their little ones on a cruise? Or even you as you are an adult, but with your family traveling, what should people know about traveling on a cruise as a family?
Meghan Coyle:
The biggest perk of traveling on a cruise with a family is that parents can get free babysitting. It’s literally included in the price of the cruise. They have these things called kids clubs or teen clubs, so maybe not exactly babysitting, but these are places that are specifically reserved for kids of a certain age and they’re often divided into different age groups as well. Even smaller kids that have one kind of kids’ club and then middle grade kids have a different kids’ club, and here parents can literally drop their children off. And throughout the operation hours of the kids club, the kid can just stay there and participate in all sorts of activities. Just make sure you check the hours and also the age requirements. And sometimes these cruises even offer extra babysitting services outside of the normal operation hours. So if you want to have a date night or something like that, you might be able to get babysitting as an add-on to the kids’ clubs.
And then on top of that, other good things to look for on cruises if you’re going with a family is kid-friendly amenities. So cruises like Royal Caribbean and Disney are really well known for having kid-friendly activities like water slides, go-karts, ice rinks, all these things to keep kids and adults entertained. And if you’re booking for a group that includes kids, it’s nice to consider one of these cruise lines that has all of those fun things for them.
Sean Pyles:
Well, on the other end of the spectrum, cruises are super popular among seniors too. So are there any tips for this age group when it comes to making the most of a cruise?
Meghan Coyle:
This is one area where you want to be really cautious about making sure you book accessible accommodations, if someone needs that. Bigger cabin or maybe they want a scooter to ride around on the cruise ship. Actually you can even book a wheelchair rental or a scooter rental before you even get on the cruise from an outside third party company if you’d like and just pick it up before you get on board. I’d recommend working with the cruise because a lot of these cruise lines employ people to specifically handle these cases.
Sean Pyles:
When I think of cruises, I think that they’re essentially like a luxury condo building on the water and they have all sorts of wild amenities. Can you talk us through some of the amenities that people can expect on a cruise?
Meghan Coyle:
Amenities like gyms, pools, spas, those are all pretty standard and I would expect to see those on most ships. One of my hot tips is that you can save on going to the spa with a day pass. And if you go up and ask the people who work there, they might be able to give you some options that are not spa treatments, that might be a little cheaper so you can use the facilities, which is really nice. A lot of times they have entertainment. These can be anything from game shows to Broadway style shows to maybe more customer interaction type of stuff like karaoke. There’s all sorts of different types of shows. There’s even an ice show on the ship with an ice rink.
Sean Pyles:
An ice rink on a boat just seems like it’s breaking laws of nature, but I’ll go for it.
Meghan Coyle:
I know, right? Don’t count out that you can also bring your own entertainment. So my family often brings Mahjong, so we play that on the boat, but you can bring your own games, your own books and download your own TV shows because Wi-Fi is a whole nother thing on the cruise. But if you have things downloaded, you could watch that yourself as well.
Sean Pyles:
Okay. Say more about Wi-Fi because I need my internet connection no matter where I am. Is it not accessible often on boats?
Meghan Coyle:
Wi-Fi is similar to the drinks package where you often have to buy some type of package and often it’s for the entire length of the cruise. So there aren’t a lot of ways to get it at a deal. But if you do need the Wi-Fi, it can be worth it to pay for the entire package. Just know that it might not be super fast, especially when you’re out at sea. And of course when you dock and get off at the ports, you can always use Wi-Fi that you find locally or even set up some sort of international phone plan to have Wi-Fi access when you’re off the boat.
Sean Pyles:
All right. Well, Meghan, I want to talk about excursions because excursions or day trips away from the boat are a really big selling point on cruises and they can also make a cruise a lot more expensive depending on the excursion and how many you do. So can you talk us through what people should know about booking excursions, especially for groups?
Meghan Coyle:
Excursions are a pretty costly add-on to your cruise price. So that’s something to keep in mind, especially when you’re booking for a huge group. The simplest way to do it is book the excursions through the cruise line. They often have a desk on board where they can help you book these things or you can book them online before you go on the cruise. And these can range from anything like they’ll take you to different activities at the port, or it could be as simple as they’ll just simply offer you a ride into town. So if you’re doing this with a group, sometimes it’s simplest to just go through the cruise line, but you pay for that convenience.
The other option is you could set up your own excursions and that is often way cheaper. It just requires a little bit of research beforehand that might involve having to book some sort of transportation for your group to help you get to where you need to go. Or it might be as simple as literally walking into town. If your group can handle a 15-minute walk into town, that might be the cheapest option. And large groups might have even more options to customize the excursion to exactly what they want.
Sean Pyles:
One thing that I was a little bit surprised by when it comes to excursions on these cruises is how competitive they can be to book. I’m thinking of my family, which is going on a Disney cruise this spring, and we were talking about this over Christmas and they were looking at booking some excursions for their cruise and a lot of them had already filled up and they were three, four months out from the cruise itself. So I guess I was surprised by how popular they are, one, and two, how expensive they were to do and then also just how competitive it is to actually get in on one of these cruise specific excursions.
Meghan Coyle:
Yeah, you have to remember that everyone on this cruise is booking these same few options from the cruise line at any port you get off at. For example, the Disney cruise has a private island. I think they actually have two private islands. So depending on what cruise you go on, you might stop at one or the other, but it’s literally like the entire boat empties out and goes to this private island and that can cause some demand backups as well. So it is important to keep in mind that when you are booking excursions, you should do it as early as possible. And if you don’t get something, I would recommend to keep checking back even when you’re on the boat because people do cancel. They get on the ship and they’re overbooked or maybe part of their group bails out and spots can open up last minute.
Sean Pyles:
And also I would imagine that if you don’t get the excursion that you want when you dock somewhere and everyone else is offloading into this destination, it might be a good chance just to hang out on the cruise by yourself because on this boat and everyone else has already left. So a little bit of peace and quiet on this big boat as well.
Meghan Coyle:
Yeah, that’s actually one of my favorite things is to try not to leave with the crowd in the morning as soon as you dock and give yourself some time for the boat to empty out and you’ll get a little bit of a alone time and it might be easier to grab a taxi when you do get off.
Sean Pyles:
Well, Meghan, do you have any other tips who might be cruise curious with their group?
Meghan Coyle:
I would really encourage groups to look into it because it can be so fun to go on these group trips together and know that no matter what else you do during the day you will see each other at meals, you’ll see each other at night, you’re all staying in the same place. And it takes a lot of the headaches of planning a group trip out of it. So if your group has any interest at all in going on a cruise, I would recommend you look into it.
Sean Pyles:
Well, I’m still a little bit cruise skeptical, but maybe I’ll float this to my friend group next time we’re planning a vacation.
Meghan Coyle:
Let me know how it goes, Sean.
Sean Pyles:
Okay. Well, Meghan, it’s hard to believe, but our group travel journey is already coming to an end. We’ve soared the skies, crashed at group friendly lodging, planned trips that made everyone happy and even cruised across the high seas. All this travel talk is making me want to get a trip on the books with my favorite travel companions.
Meghan Coyle:
Same. I can’t wait. I’m a firm believer that traveling with someone is one of the best shared experiences. As long as you don’t hate your travel companions by the end of it, travel can really bring people closer together.
Sean Pyles:
Absolutely. Well, Meghan, thank you so much. It’s been really fun having you co-host this show and bring on some of our fellow Nerds to talk group travel.
Meghan Coyle:
Thank you, Sean.
For now, that’s all we have for this episode. Do you have a money question of your own? Turn to the Nerds and call or text us your questions at 901-730-6373. That’s 901-730-NERD. You can also email us at [email protected]. Also visit nerdwallet.com/podcast for more info on this episode. And remember to follow, rate and review us wherever you’re getting this podcast.
Sean Pyles:
This episode was produced by Tess Vigeland. I helped with editing. Kevin Berry helped with fact checking. Sara Brink mixed our audio. And a big thank you to NerdWallet’s editors for all their help.
Meghan Coyle:
And here’s our brief disclaimer. We are not financial or investment advisors. This nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstances.
Sean Pyles:
And with that said, until next time, turn to the Nerds.
Inside: Learn what 29 an hour is how much a year, month, and day. Plus tips to budget your money. Don’t miss the ways to increase your income.
You’re probably wondering if I made $29 a year, how much do I truly make? What will that add up to over the course of the year when working? Is $29 an hour good?
Is this wage something that I can actually live on? Or do I need to find ways that I can increase my hourly wage? How much more is $29.50 an hour annually?
When you finally start earning $29 an hour, you are happy with your progress as an hourly employee. Typically, this is when many hourly employees start to become salaried workers.
In this post, we’re going to detail exactly what $29 an hour is how much a year. Also, we are going to break it down to know how much is made per month, bi-weekly, per week, and daily.
That will help you immensely with how you spend your money. Because too many times the hard-earned cash is brought home, but there is no actual plan for how to spend that money.
By taking a step ahead and making a plan for the money, you are better able to decide how you want to live, make sure that you put your money goals first, and not just living paycheck to paycheck struggling to survive.
The ultimate goal with money success is to be wise with how you spend your money.
If that is something you want too, then keep reading. You are in the right place.
$29 an Hour is How Much a Year?
When we ran all of our numbers to figure out how much is $29 per hour is as an annual salary, we used the average working day of 40 hours a week.
40 hours x 52 weeks x $29 = $60,320
$60,320 is the gross annual salary with a $29 per hour wage.
As of June 2023, the average hourly wage is $33.58 (source).
Let’s Break Down Of 29 Dollars An Hour Is How Much A Year
Typically, the average workweek is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, multiply the hourly salary of $29 times 2,080 working hours, and the result is $60,320.
That number is the gross income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
That is slightly above the $60000 salary threshold, which is desired to become middle-income worker.
Work Part Time?
But you may think, oh wait, I’m only working part time. So if you’re working part time, the assumption is working 20 hours a week at $29 an hour.
Only 20 hours per week. Then, take 20 hours times 52 weeks and that equals 1,040 working hours. Then, multiply the hourly salary of $29 times 1,040 working hours, and the result is $30,160.
Just over $30000 a year.
How Much is $29 Per Month?
On average, the monthly amount would average $5,027.
Annual Amount of $60,320 ÷ 12 months = $5,027 per month
Just over $5000 a month.
Since some months have more days and fewer days like February, you can expect months with more days to have a bigger paycheck. Also, this can be heavily influenced by how often you are paid and on which days you get paid.
Plus by increasing your wage from $24 an hour, you average an extra $867 per month. So, yes a few more dollars an hour add up!
Work Part Time?
Only 20 hours per week. Then, the monthly amount would average $2,513.
How Much is $29 per Hour Per Week
This is a great number to know! How much do I make each week? When I roll out of bed and do my job, what can I expect to make at the end of the week?
Once again, the assumption is 40 hours worked.
40 hours x $29 = $1,160 per week.
Work Part Time?
Only 20 hours per week. Then, the weekly amount would be $580.
How Much is $29 per Hour Bi-Weekly
For this calculation, take the average weekly pay of $1,160 and double it.
$1,160 per week x 2 = $2,320
Also, the other way to calculate this is:
40 hours x 2 weeks x $29 an hour = $2,320
Work Part Time?
Only 20 hours per week. Then, the bi-weekly amount would be $1,160.
How Much is $29 Per Hour Per Day
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour workday.
8 hours x $29 per hour = $232 per day.
If you work 10 hours a day for four days, then you would make $290 per day. (10 hours x $29 per hour)
Work Part Time?
Only 4 hours per day. Then, the daily amount would be $116.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
$29 Per Hour is…
$29 per Hour – Full Time
Total Income
Yearly Salary (52 weeks)
$60,320
Yearly Wage (50 weeks)
$58,000
Monthly Salary (173 hours)
$5,027
Weekly Wage (40 Hours)
$1,160
Bi-Weekly Wage (80 Hours)
$2,320
Daily Wage (8 Hours)
$232
Net Estimated Monthly Income
$3,834
**These are assumptions based on simple scenarios.
Paid Time Off Earning 29 Dollars an Hour
Does your employer offer paid time off?
As an hourly employee, you may or may not get paid time off.
So, here are the scenarios for both cases.
For general purposes, we are going to assume you work 40 hours per week over the course of the year.
Case # 1 – With Paid Time Off
Most hourly employees get two weeks of paid time off which is equivalent to 2 weeks of paid time off.
In this case, you would make $60,320 per year.
This is the same as the example above for an annual salary making $29 per hour.
Case #2 – No Paid Time Off
Unfortunately, not all employers offer paid time off to their hourly employees. While that is unfortunate, it is best to plan for less income.
Life happens. There will be times you need to take time off for numerous reasons – sick time, handling an emergency, or even vacation.
So, let’s assume you take 2 weeks off without paid time off.
That means you would only work 50 weeks of the year instead of all 52 weeks. Take 40 hours times 50 weeks and that equals 2,000 working hours. Then, multiply the hourly salary of $29 times 2,000 working hours, and the result is $58000 per year.
40 hours x 50 weeks x $29 = $58,000
You would average $232 per working day and nothing when you don’t work.
$29 an Hour is How Much a year After Taxes
Let’s be honest… Taxes can take up a big chunk of your paycheck. Thus, you need to know how taxes can affect your hourly wage.
Also, every single person’s tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
Gross Annual Salary: $60,320
Federal Taxes of 12%: $7,238
State Taxes of 4%: $2,413
Social Security and Medicare of 7.65%: $4,614
$29 an Hour per Year after Taxes: $46,054
This would be your net annual salary after taxes.
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$46054 ÷ 2,080 hours = $22.14 per hour
After estimated taxes and FICA, you are netting $22.14 an hour. That is $6.86 an hour less than what you thought you were paid.
This is a very highlighted example and can vary greatly depending on your personal situation. Therefore, here is a great tool to help you figure out how much your net paycheck would be.
Plus budgeting for under $22 an hour wage is much different.
$29 An Hour Salary Calculator
Now, you get to figure out how much you make based on your hours worked or if you make a wage between $29.01-29.99.
This is super helpful if you make $29.15, $29.45, or $29.81.
Also, if you work various hours other than the standard 40 hours per week. You can adjust to your personal situation.
$29 an Hour Budget – Example
You are probably wondering can I live on my own making 29 dollars an hour? How much rent or mortgage payment can you afford on 29 an hour?
Using our Cents Plan Formula, this is the best-case scenario on how to budget your $29 per hour paycheck.
When using these percentages, it is best to use net income because taxes must be paid.
In this example, above we calculated that $29 an hour was $22.14 after taxes. That would average $3838 per month.
According to the Cents Plan Formula, here is the high-level view of a $29 per hour budget:
Basic Expenses of 50% = $1919
Save Money of 20% = $768
Give Money of 10% = $384
Fun Spending of 20% = $768
Debt of 0% = $0
Obviously, that is not doable for everyone. Even though you would expect your money to go further when you are making double the minimum wage. So, you have to be strategic in ways to decrease your basic expenses and debt. Then, it will allow you more money to save and fun spending.
To further break down an example budget of $29 per hour, then using the ideal household percentages is extremely helpful.
recommended budget percentages based on $29 per hour wage:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$402
Savings
15-25%
$1005
Housing
20-30%
$1,181
Utilities
4-7%
$176
Groceries
5-12%
$385
Clothing
1-4%
$20
Transportation
4-10%
$176
Medical
5-12%
$251
Life Insurance
1%
$15
Education
1-4%
$25
Personal
2-7%
$75
Recreation / Entertainment
3-8%
$126
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$1,189
Total Gross Income
$5,027
**In this budget, prioritization was given to basic expenses.
Can I Live off $29 Per Hour?
At this $29 hourly wage, you are more than likely double the minimum wage. Things should be easy to live off this $29 hourly salary.
However, it is still slightly above the median income of over $60,000 salary. That means it can still be a tough situation.
Is it doable? Absolutely.
In fact, $29 an hour is higher than the median hourly wage of $19.33 (source). That seems backward, but typically salaried workers earn more per hour than hourly workers.
Can you truly live off $29 an hour annually?
You just have to have the desire to spend less than your income. Plus consistently save.
If you are constantly struggling to keep up with bills and expenses, then you need to break that constant cycle. It is possible to be smart with money.
Your mindset is everything.
This is what you say to yourself… Okay, I have aspirations and goals to increase how much I make. This is the time to start diversifying my income into multiple streams and start investing. I am going to stretch my 29 dollars per hour.
In the next section, we will dig into ways to increase your income, but for now, is it possible to live on $29 an hour?
Yes, you can do it, and as you can see it is possible with the sample budget of $29 per hour.
Living in a higher cost of living area would be more difficult. So, you may have to get a little creative. For example, you might have to have a roommate. Move to a lower cost of living area where rent is cheaper.
Also, you must evaluate your “fun spending” items. Many of those expenses are not mandatory and will break your budget. You can find plenty of free things to do without spending money.
5 Ways to Increase Your Hourly Wage
This right here is the most crucial section of this post.
You need to figure out ways to increase your hourly income because I’m going to tell you…you deserve more. You do a good job and your value is higher than what your employers pay you.
Even an increase of 50 cents to $29.50 will add up over the year. An increase to $30 an hour is a big milestone!
1. Ask for a Raise
The first thing to do is ask for a raise. Walk right in and ask for a raise because you never know what the answer will be until you ask.
If you want the best tips on how specifically to ask for a raise and what the average wage is for somebody doing your job, then check out this book. In this book, the author gives you the exact way to increase your income. The purchase is worth it or go down to the library and check that book out.
2. Look for A New Job
Another way to increase your hourly wage is to look for a new job. Maybe a completely new industry.
It might be a total change for you, but many times, if you want to change your financial situation, then that starts with a career change. Maybe you’re stressed out at work. Making $29 an hour is too much for you and you’re not able to enjoy life, maybe changing jobs and finding another job may increase your pay, but it will also increase your quality of life.
3. Find a New Career
Because of student loans, too many employees feel like they are stuck in the career field they chose. They feel sucked into the job that they don’t like or have the potential they thought it would.
For many years, I was in the same situation until I decided to do a complete career change. I am glad I did. I have the flexibility that I needed in my life to do what I wanted when I needed to do it. Plus I am able to enjoy my entrepreneurial spirit.
4. Find Alternative Ways to Make Money
In today’s society, you need to find ways to make more money. Period.
There is no way to get around it. You need to find additional income outside a traditional nine-to-five position or typical 40 hour a week job. You will reach a point where you are maxed on what you can make in your current position or title. There may be some advancement to move forward, but in many cases, there just is not much room for growth.
So, you need to find a side hustle – another way to make money.
Do something that you enjoy, turn your hobby into a way to make money, turn something that you naturally do, and help others into a service business. In today’s society, the sky is the limit on how you can earn a freelancing income.
Must Read: How to Make Quick Money in One Day: 50 Best Ways to Make Cash
5. Earn Passive Income
The last way to increase your hourly wage is to start earning passive income.
This can be from a variety of ways including the stock market, real estate, online courses, book sales, etc. This is where the differentiation between struggling financially and becoming financially sound.
By earning money passively, you are able to do the things that you enjoy doing and not be loaded down, with having a job that you need to work, and a place that you have to go to. And you still make money doing nothing.
Here is an example:
You can start a brokerage account and start trading stocks for $50. You need to learn and take the one and only investing class I recommend. Learn how the market works, watch videos, and practice in a simulator before you start using your own money.
One gentleman started with $5,000 in his trading account and now has well over $36,000 in 8 months. Just from practice and being consistent, he has learned that passive income is the way for him to increase his income and also not be a slave to his job.
Watch his inspiring story!
Tips to Live on $29 an Hour
In this last section, grasp these tips on how to live on a $29 an hour or just above $60k yearly salary. On our site, you can find lots of money saving tips to help stretch your income further.
Here are the most important tips to live on $29 an hour. More importantly stretch how much you make, in case you are in the “I don’t want to work anymore” mindset. Highlight these!
1. Spend Less Than you Make
First, you must learn to spend less than you make.
If not you will be caught in the debt cycle and that is not where you want to be. You will be consistently living paycheck to paycheck.
In order to break that dreadful cycle, it means your expenses must be less than your income.
And when I say income, it’s not the $29 an hour. As we talked about earlier in the post, there are taxes. The amount of taxes taken out of your paycheck is called your net income which is $29 an hour minus all the taxes, FICA, Social Security, and Medicare are taken out. That is your net income.
So, your net income has to be less than your gross income. Learn more on gross pay vs net pay.
2. Living Below Your Means
You need to be happy. And living on less can actually make you happier. Studies prove that less is better.
Finding contentment in life is one thing that is a struggle for most.
We are driven to want the new shiny toy, the thing next door, the stuff your friend or family member got. Our society has trained you that you need these things as well.
Have you ever taken a step back and looked at what you really need?
Once you are able to find contentment with life, then you are going to be set for the long term with your finances.
Here is our story on owning less stuff. We have been happier since.
3. Make Saving Money Fun
You need to make saving money fun. If you’re good, since you must keep your expenses low, you have to find ways to make your savings fun!
Find new ways of saving money and have fun with it.
Even better, get your family and kids involved in the challenge to save money. Tell them the reason why you are saving money and this is what you are doing.
Here are 101 things to do with no money. Free activities without costing you a dime. That is an amazing resource for you and you will never be bored.
And you will learn a lot of things in life you can do for free. Personally, some of the best ones are getting outside and enjoying some fresh air.
4. Make More Money
If you want if you do not settle for less, then find ways to make more money. If you want more out of life, then increase your income.
You need to be an advocate for yourself.
Find ways to make more money.
It could be a side hustle, a second job, asking for a raise, going to school to change careers, or picking up extra hours.
Whatever path you take, that’s fine. Just find ways to make more money. Period.
5. No State Taxes
Paying taxes is one option to increase what you take home in each paycheck.
These are the states that don’t pay state income taxes on wages:
Alaska
Florida
Nevada
New Hampshire
South Dakota
Tennessee
Texas
Washington
Wyoming
It is very interesting if you take into account the amount of state taxes paid compared to a state with income taxes.
Also, if you live in one of the higher taxed states, then you may want to reconsider moving to a lower cost of living area. The higher taxes income tax states include California, Hawaii, New Jersey, Oregon, Minnesota, the District of Columbia, New York, Vermont, Iowa, and Wisconsin. These states tax income somewhere between 7.65% – 13.3%.
6. Stick to a Budget
You need to learn how to start a budget. We have tons of budgeting resources for you.
While creating a budget is great, you need to learn how to use one.
You do not have to budget down to every last penny.
You need to make sure your expenses are less than your income and that you are creating sinking funds for those irregular expenses.
Budget Help:
7. Pay Off Debt Quickly
The amount that you pay interest on debt is absolutely absurd.
Unfortunately, that is how many of these companies make their money from the interest you pay on debt.
If you are paying 5% to even 20-21% or higher, you need to find ways to lower that debt quickly.
Here’s a debt calculator to help you. Figure out your debt-free date.
Make that paying off debt fast is your target and main focus. I can tell you from personal experience, that it was not until we paid off our debt that we finally rounded the corner financially. Once our debt was paid off, we could finally be able to save money. Set money aside in separate bank accounts and pay for cash for things.
It took us working hard to pay off debt. We needed persistence and patience while we had setbacks in our debt-free journey.
Jobs that Pay $29 an Hour
You can find jobs that pay $29 per hour. Polish up that resume, cover letter, and interview skills.
Job Search Hint: Always send a written follow-up thank you note for your interview. That will help you get noticed and remembered.
First, look at the cities that require a minimum wage in their cities. That is the best place to start to find jobs that are going to pay higher than the federal minimum wage rate. Many of the cities are moving towards this model so, target and look for jobs in those areas.
Possible Ideas:
Virtual Assistant – Get free training NOW!
Freelance writer
Class A Truck Driver
Managers
Entry Level Marketing Jobs
Data Entry Clerks
Customer service managers
Bank tellers
Maintenance workers
Freight broker – Learn how easy it is to start!
Administrative assistants
Athletic Trainers
Event Planners
Day trader
Security guard
Movers
Cashiers
Warehouse workers
Companies that pay more than $29 per hour: Wells Fargo, Disney World, Disney Land, Bank of America, Cigna, Aetna, etc
$29 Per Hour Annual Salary
In this post, we detailed 29 an hour is how much a year. Plus all of the variables that can impact your net income. This is something that you can live off.
$60,320
That is making between $60000 a year and $62000 a year.
In this post, we highlighted ways to increase your income as well as tips for living off your wage.
Use the sample budget as a starting point with your expenses.
You will have to be savvy and wise with your hard-earned income. But, with a plan, anything is possible!
Still thinking I don’t want to work anymore, you aren’t alone and need to start to plan for your early retirement.
Learn exactly how much do I make per year…
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Columbus is a city that effortlessly marries the historical with the contemporary, creating an engaging environment for residents and visitors alike. It stands out for its Midwestern charm and innovative spirit, making it a place of interest for folks from all walks of life.
From the roar of college football games to the quiet corners of its distinctive districts, it’s easy to see why people are clamoring to find a house in Columbus. It’s a city where every street, building, and green space tells a story, inviting you to be a part of its ongoing narrative.
As we explore ten of the top things Columbus is known for, you’ll discover that it’s not just the capital of Ohio but also a capital of culture, innovation, and community spirit for many in the Midwest.
1. The Ohio State University
The Ohio State University (OSU) is more than just an educational institution in Columbus; it’s a cornerstone of the community. The campus is a bustling hub of activity, from groundbreaking research projects to thrilling college sports, most notably its football team, which garners nationwide attention. OSU’s impact on Columbus extends beyond academia, influencing the local economy and culture, making it a key part of the city’s identity.
2. Columbus Zoo and Aquarium
The Columbus Zoo and Aquarium is renowned for its extensive species collection and commitment to conservation. It offers visitors an immersive experience, from the heart of Africa to the shores of the Arctic, making it a fantastic destination for families. This institution not only entertains but also educates, playing a pivotal role in wildlife preservation efforts.
3. Short North Arts District
The Short North Arts District stands as Columbus’s cultural epicenter, boasting an eclectic mix of galleries, boutiques, and restaurants. This cool area is famous for its monthly Gallery Hop, where art enthusiasts and casual visitors alike explore the vibrant local art scene. The district’s dynamic atmosphere and its dedication to supporting local artists and businesses make it a must-visit destination in the city.
4. COSI (Center of Science and Industry)
COSI brings science to life through its interactive exhibits and live demonstrations, making it an educational cornerstone for visitors of all ages. Its mixture of entertainment and learning, including a planetarium and various themed exhibitions, fosters a curiosity about the world. COSI’s innovative approach to science education has made it a nationally recognized leader in the field.
5. The Scioto Mile
The Scioto Mile is Columbus’s premier urban greenspace, with breathtaking views and a ton of outdoor activities along the Scioto River. This area is perfect for walking, biking, and enjoying nature in the heart of the city. Its fountains, parks, and pathways connect the community, creating a serene escape from the hustle and bustle of city life.
6. North Market
North Market is a food lover’s paradise, showcasing tons of local vendors offering everything from artisanal cheeses to international cuisines. This historic public market has served Columbus for over a century, making it a focal point for the city’s food scene.
7. Columbus Museum of Art
The Columbus Museum of Art is a happy place for artsy types, featuring an impressive collection of American and European paintings, sculptures, and photographs. It’s particularly celebrated for its innovative programs that encourage visitor interaction with art. The museum’s commitment to accessibility and education makes it a valuable cultural resource for the city.
8. German Village
German Village is a historic neighborhood in Columbus known for its well-preserved 19th-century brick houses and charming cobblestone streets. Visitors can enjoy the local shops, restaurants, and bakeries that reflect the area’s rich German heritage. This neighborhood offers a unique glimpse into Columbus’s past, making it a delightful place for a stroll with friends on a sunny Ohio afternoon.
9. Franklin Park Conservatory and Botanical Gardens
The Franklin Park Conservatory and Botanical Gardens is a natural oasis in Columbus, offering a year-round exploration of flora from around the world. Its stunning glasshouses, butterfly garden, and seasonal displays provide a peaceful retreat. This institution not only showcases the beauty of nature but also educates visitors on the importance of environmental conservation.
10. Nationwide Arena
Nationwide Arena is the heart of Columbus’s sports and entertainment scene, home to the NHL’s Columbus Blue Jackets. Besides thrilling hockey games, it hosts a wide range of events, from concerts to family shows, making it a central spot for entertainment in the city.