A study in unintended consequences:
McDonald's CEO Don Thompson lives on an annual compensation package of $13.8 million and the mist of the debate over increasing the minimal wage, which McDonald's opposed, McDonald's with cooperation from VISA posted on their web site a "typical budget" to show their full-time employees how to properly budget their meager salaries...
Monthly Net Income
Income (1st job) - $1,105.00
Income (2nd job) - $955.00
Other income - $0.00
MONTHLY TOTAL INCOME: $2,060.00
Monthly Expenses
Savings - $100.00
Mortgage/Rent - $600.00
Car Payment - $150.00
Car/Home Insurance - $100.00
Health Insurance - $20.00
Heating - $0.00
Cable/Phone - $100.00
Electric - $90.00
Other - $100.00
MONTHLY TOTAL EXPENSES: $1,260
MONTHLY SPENDING MONEY: $800.00
DAILY SPENDING MONEY GOAL: $27.00 (based on 30-day month)
Note:
Food expense not mentioned.
Second job is presumed.
"...the empty desks of 20 children marked absent today, and forever"
-Poet Richard Blanco at President Obama's Inauguration, 01/21/13
