Skip to content

Monthly Archives: January 2014

What Wage Can You Actually Live On?

There seem to be less and less high paying jobs available these days. This means that people are having to settle for a smaller wage in order to have a job. There are jobs out there that pay more than minimum wage, but can you still live on them?

Many people are having to take jobs that only pay $8 to $9 an hour. Is this enough? Many people who are making these wages are finding that they may have to make some sacrifices to get by.

There are employers who pay these wages and offer benefits such as medical, dental, and vision insurance. If you are only making $8 or $9 an hour can you afford to pay for these benefits? Some people feel that they need to despite the fact that it will make their check smaller because they do not want to end up sick and not have insurance to help cover some of the costs of seeing a doctor and paying for medicine.

English: Minimum wage map Category:Minimum wag...
English: Minimum wage map Category:Minimum wage maps (Photo credit: Wikipedia)

There are others that feel they do not want these benefits because they need that money to pay bills. Not having medical insurance leaves the person with two choices in the event that they get sick. The first is that they can pay full price to see their doctor and get their medicine. This is not the best move however, the amount the full cost of seeing a doctor and getting medicine is so high that you would be better off getting the insurance.

There is one more option for those who do not want to get insurance. Many cities have free clinics. They can go and see a doctor and get medicine, provided they have no insurance, for free. There is also a downside of this too though. Most free clinics are regularly busy and you must wait quite a while in a waiting room filled with other sick people, to wait for their turn to see a doctor.

Some people have pets, and they contemplate whether or not they should get insurance for their pet. If the pet has an emergency the insurance will help pay for whatever care the pet needs. If the person does not pet insurance and an emergency happens, the may feel as though they cannot take their pet in. One thing to keep in mind however is that there are veterinary clinics out there that do make payment plans with their clients.

People who make a small wage have to make difficult decisions everyday about whether or not they can afford something. Some people may be able to make it on these lower wages, while others have much more difficulty. It all comes down to an individual person, can they or can they not afford to live on a lower wage. One tip would be to sit down and make a budget and stick to it as strictly as possible.