Mom pressures 19-year-old to spend her first paycheck on gifts for family instead of paying her friend back the $300 she owes her friend for concert tickets

Why would you want your kid to buy pointless gifts before they pay off their debt? There’s nothing worse than being the friend who pays for a concert, trip, or excursion, only to have to chase everyone else down begging for them to pay you back. I never buy the idea that someone merely forgot …
Seguir leyendo Mom pressures 19-year-old to spend her first paycheck on gifts for family instead of paying her friend back the $300 she owes her friend for concert tickets

32-year-old couple making $500K per year claims they’re living paycheck to paycheck, despite maxing out their retirement accounts: ‘It feels like we’re barely getting by each month.’

What does it mean to live paycheck to paycheck?  If you’re maxing out your retirement accounts, you don’t really have a leg to stand on when it comes to claiming to be living paycheck to paycheck. If you could pay rent and bills for a month without your next paycheck, but after that, you have …
Seguir leyendo 32-year-old couple making $500K per year claims they’re living paycheck to paycheck, despite maxing out their retirement accounts: ‘It feels like we’re barely getting by each month.’

Apartment complex gives employees the ‘benefit’ of taking their rent directly out of their paycheck: ‘That’s not a benefit, that’s just paying rent.’

That’s a pretty paltry benefit, all things considered.  What kind of benefits do you want for your job? For most workers, having health insurance is the most important benefit they can have. It protects you from the most insane bills. Some people who are financially well-off enough to refrain from working still work just because …
Seguir leyendo Apartment complex gives employees the ‘benefit’ of taking their rent directly out of their paycheck: ‘That’s not a benefit, that’s just paying rent.’

Boss withholds commission paycheck from sales employees because the business is struggling, blames missed paycheck on employees work ethic: ‘We’ve got to do better, we got to get more.’

He can’t withhold paychecks because the business is struggling, and yet, that’s what he’s doing. There is a lot of uncertainty in the sales industry. There is usually quite a low barrier to entry. Someone can get a sales job with little field experience, or even without a degree. Getting the job is the easy …
Seguir leyendo Boss withholds commission paycheck from sales employees because the business is struggling, blames missed paycheck on employees work ethic: ‘We’ve got to do better, we got to get more.’

21 Payday Memes That Will Make You Feel Like a Millionaire for Five Minutes

Ever got your paycheck and felt like the world was full of endless possibilities? On payday, the sun shines a little brighter, everyone walks a little lighter, and everything on your wishlist seems affordable. For a brief moment, your bank account makes you feel like a Kardashian. The illusion lasts until your bills and rent …
Seguir leyendo 21 Payday Memes That Will Make You Feel Like a Millionaire for Five Minutes

Boss tells employee she’s getting a raise, gives her a $12K pay cut instead: ‘Every paycheck is $488 less than what it used to be.’

Her boss doesn’t know how to do basic math, and she’s paying for it! It can be hard to know when you’re underpaid. A lot of people claim to be underpaid, even when their salary is pretty standard for their industry and experience level. Most employees don’t have access to their company’s books, so they …
Seguir leyendo Boss tells employee she’s getting a raise, gives her a $12K pay cut instead: ‘Every paycheck is $488 less than what it used to be.’

Start-up boss tells employee to ‘de-couple income from work’ when their checks start arriving late

We’re not Gwyneth Paltrow. We’re not going to «consciously uncouple» from our paychecks. One of the key factors that keeps most people showing up to work is money. Maybe they care about what they do. Maybe they have a passion for it. Maybe, just maybe, they would show up if there was no money on …
Seguir leyendo Start-up boss tells employee to ‘de-couple income from work’ when their checks start arriving late

24-year-old husband forces 23-year-old wife to cover all the bills from her paycheck, spends his money on whatever he pleases, while draining their savings

He should treat «his money» and «her money» like it’s «their money,» because it is!

Company gives employee a $150 bonus, takes $150 out of her next paycheck: ‘My manager made a big show of giving me a holiday bonus. Now he’s saying it was a salary advance.’

Either this was a payroll mistake, or her boss is a real slimeball.  In some offices, bonuses are 100% expected, especially around Christmastime. Some employees base their entire Christmas gift budget around the bonus they get at the end of the year. Some people can fully fund their Roth IRA with just the money they …
Seguir leyendo Company gives employee a $150 bonus, takes $150 out of her next paycheck: ‘My manager made a big show of giving me a holiday bonus. Now he’s saying it was a salary advance.’