In which I share my 10 emotional responses to paying my taxes and having $41.51 left over.
Abbi works a janitorial job at a boutique gym that probably pays just above minimum wage (currently $8.75 in New York), meaning she very likely earns around $10 an hour, or $20,800 per year. Tax-rates.org suggests she would pay $2,734.95 in federal taxes and $562 in New York state taxes, including FICA and Medicare, leaving her with $17,503.05 in gross pay, or $1,459 per month.
Mike: We’re going to do a monthly debt check-in later today. Let me know what your new balance is.
Logan: It’s gone up.
Yesterday, I received a text from my bank alerting me of some possibly fraudulent activity on my debit card. Despite the fact that it was tucked securely in my wallet, right next to my Qdoba rewards card, someone was using the number at a gas station in Lebanon. I can only assume they used the $97.60 to buy a tank of gas and then 57 hot dogs.
After a year of looking for and preparing to buy a home, Nick and his wife finally found a place they wanted. They were in the middle of filling out mortgage pre-approval paperwork when Nick’s wife stopped him. She had never mentioned it before, but now that they were applying for a loan, it wouldn’t be a secret much longer: She had about $4,500 of credit card debt.
I am a person who puts debit cards in her pocket and then leaves them there, and then goes a week without it and is just like, “Okay, I don’t know where my debit card is, I know it’s somewhere in a coat pocket or a jeans pocket or a tote bag, I’ll look for it later.”
Last night, I went through my credit card transactions (as I like to do on weekly basis), and noticed that on Oct. 17, I was charged $8 by Delta in Atlanta, Georgia. That was this last Friday, and I was here, in New York, eating a fried chicken sandwich in Brooklyn at the time; the charge for the sandwich appeared next to it.