Time to Make a Budget
To calculate what it would be like to live on minimum wage, input estimates of how much you will need to meet monthly payments for rent, food, phone, etc.
Questions to think about:
Minimum Wage: $
Your budget totals:
If you were earning a wage of ($7.25
/hour), you would have this amount left at the end of the month:
This means you could save this amount in the course of one year:
What is your quality of life like?
How many roommates do you have?
What is your diet like?
What do you do for leisure activities?
What would happen if you became ill? Do you have health insurance?
Is the American dream possible for people working at minimum wage? Is it likely?