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View Poll Results: Could your family "make it" on min. wage? (see post for criteria)
No, we couldn't cover anything. 26 20.47%
We could cover "housing" 83 65.35%
We could cover "cars" 48 37.80%
We could cover "credit cards" 27 21.26%
We could cover "utilities & food" 68 53.54%
We could cover "extras" 14 11.02%
Other, of course! 2 1.57%
Multiple Choice Poll. Voters: 127. You may not vote on this poll

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Old 03-19-2008, 10:44 PM   #1 (permalink)
choleblack
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Could your family "make it"?

I'll set this up as a poll so anyone that doesn't feel like sharing details can still add to the statistics.

Could your family "make it" on minimum wage?

Here's the deal:
2 people working full time; defined as a 40 hr week.
Standard month of 4 weeks
no removal of taxes etc. (for simplicity sake)
assume all child care is free
assume no government assistance

Either do your own math using your states minimum wage.
DOL WHD: Minimum Wage Laws in the States

Or use the current Fed. Min Wage of $5.85 per hour which turns out to be $1872 per month based on the above criteria.

Could your family pay for your
-house?
-car?
-credit cards?
-utilities & food?
-extras (private school, savings, vacations etc)?

Thanks for indulging my curiosity.

*ETA poll is multi-choice, so check anything that you could cover on the budget*

Chole
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Old 03-19-2008, 10:50 PM   #2 (permalink)
mamabear
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Om $1872? We could do it. We'd have to sell our car to cut out that pmt, and cut down on every other extra (no satellite tv or internet, cut phone to basic). But we could eke it out on that. We have done it in the past. Up till recently we did it on about $400 a month more than that.
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Old 03-19-2008, 10:50 PM   #3 (permalink)
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No. That's what our mortgage is. But, we also have 7 children between us, and we have a good income. Everything would be very different if we had less children and knew that would be our only income. We could most definitely make it. I've made it w/4 children on less than that. In fact, in my first marriage we never made more than that until we had our 5th child.
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Old 03-19-2008, 10:53 PM   #4 (permalink)
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$2080 (which is about what I make now with overtime and plasma donation after taxes) is what we would have.

100% of our monthly expenses expenses are currently $900/month.
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Old 03-19-2008, 10:57 PM   #5 (permalink)
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I put that we could pay for our housing, utilities and whatnot.

I based it on 50 weeks per year assuming that we might get 2 weeks off unpaid.

We only have a house payment. We could make basic expenses without extras. I live in CA.
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Old 03-19-2008, 10:59 PM   #6 (permalink)
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Quote:
Originally Posted by ThirtySomething View Post
I put that we could pay for our housing, utilities and whatnot.

I based it on 50 weeks per year assuming that we might get 2 weeks off unpaid.

We could make basic expenses without extras. I live in CA.
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Old 03-19-2008, 11:04 PM   #7 (permalink)
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Based on our current expenses? Not selling a house and making it, right?
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Old 03-19-2008, 11:05 PM   #8 (permalink)
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i marked housing, cars and utitlities. we could make some of our credit but not all and there would be no extras after what credit we could pay. after this fall (When we sell this house and buy another and therefore pay off all credit) we would be able to make it on that, it would be scrimping but we would be able to do it.
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Old 03-19-2008, 11:07 PM   #9 (permalink)
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Oh, nevermind, I did it wrong. I thought the $1.8K/month was for one, not two, people.

We could pay our mortgage. We own our cars. We have no credit card debt. But, we would have about $50 left for food, utilities, and gas to get to said jobs.
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Old 03-19-2008, 11:09 PM   #10 (permalink)
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I voted for the first one, no we couldn't pay for anything. But, this is only because our (DF's) Child Support amount is $5200 a month. This gets paid mostly out of his check and what doesnt gets paid first. So, no there is no way we could live off $1800 a month. HOWEVER, our housing, cars, bills etc, total about $1400, so without CS then yes we could cover everything.
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Old 03-19-2008, 11:15 PM   #11 (permalink)
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let's see...we have $1000 mortage, $300 cc, ~$150 elec, $25 water, $300 for food and non food essentials...

and there you go...that would be all that we could cover in our current situation. forget health ins, car ins, life ins, paying the student loan, going out AT ALL. certainly not extra anything for kids.

it would be so very hard. i feel lots and lots and lots of compassion for anyone in that situation.
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Old 03-19-2008, 11:19 PM   #12 (permalink)
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that would leave us roughly $200 after our mortgage to cover food, gas, clothing, insurance, incidentals, home repairs, utilities and everything.

nope, couldn't do it.

we only have the house and one car payment...no credit obligations.
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Old 03-19-2008, 11:32 PM   #13 (permalink)
OnTheBrink
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Nope.

I used $6.79 since that's min wage in FL. That would give us just under $2200 a month. There is no way we could make it on that. Our mortgage is $1500. Utilities are around $300. Cars are paid for, but there's gas and insurance. That would probably leave about $200 a month for everything else. No way.
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Old 03-19-2008, 11:37 PM   #14 (permalink)
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that wouldn't even cover housing.......in los angeles....we would have to move in my my parents to live on minimum wage.....


**i say this because my parents have a large paid for home and that would be our only option besides moving out of state***
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Old 03-19-2008, 11:41 PM   #15 (permalink)
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I voted "other".
Yes we would make it just fine. We live very simply, don't spend much (well i do but that's another story, I spend paypal $$$ that I make selling stuff)
We have no debt, own our house, car, now have two CCs but no balance on them. We fixed up our house to be HE for pretty much everything so utilities are low.
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