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Reply to "The $15 per hour nanny"
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[quote=Anonymous]50 hours a week. Are you doing time and a half? If you are: 40 * 15 = 600 10 * 22.50 = 225 825 * 52 weeks/year = $42,900 pre-tax Are you sure she has student loans and car loans? clothing: sales and cheap stores. I spend less than $200/year on new clothes. My stuff fits. I don't need new clothes. food: she might shop at Aldi or Target for her groceries. If she cuts coupons and watches her spending, her grocery bills don't have to be crazy. rent: at least one roommate. Does she live in the city or outside? If you're willing to live with more than one roommate, rent can be cheap. With one roommate, it's possible to find a place in the $1000/month range. utilities: as long as you're mindful, it doesn't have to be sky high. I try to open windows/put on more layers/take off more layers. The big utility suck is cable/internet, and she might do without cable to lower the costs. [/quote]
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