Single mom to two living in Southern California. I start a new job next week at $22/hr 40/wk. paid weekly
Rent- $570 Car- $290 Loan- $240 Insurance- $65 Utilities- $60-$100 Phone- $80 Credit card payments-$300-$400 (working on consolidation- will be wiping out 2/3 of my debt when americorps grant comes in two weeks. So payments will hopefully only be $200 max if not less Food-$500 Gas- $200
=$2445 monthly expenses
Gross income $3520
Right now I work part time 1099 and get some government benefits like $200 in food stamps and cal works $275 and I scrape by. Not to mention once I go full time all of these benefits will stop and I will also have a share of cost for childcare. I assume it would be an additional $300/month.
I did a w-4 calculator online and there will be roughly $100-150 taken from each paycheck. But when I followed the instructions on the w-4 and add it all up it states I could claim up to 11 on federal with holdings. I’ve never claimed this much and was always under the impression to claim less than 9.
Claiming 11 would take $80 from my paychecks. Is this the route to go? Seems like something is wrong with this. I would like to really start putting money into savings.
Submitted July 03, 2018 at 01:00PM by saviour__self https://ift.tt/2u2V7LJ
