At present, most of the people are getting salary around 30 000 a year. Then 30 000 a year is how much an hour is the main question which has been raised for every person. Because based on the salary only people can spend on their daily needs of the family. Based on the latest statistics most of the American works earns about $30,000 a year. So when you are living on this 30k per year, first you need to pay the FICO which is known as Federal Insurance Compensations Act fee federal tax. This tax stands currently around 6.2 percent of the salary.
A most frustrating thing is to set your monthly budget of the basic things from your salary. It will be easy if you prioritize on your monthly schedule, so we can easily calculate the expenditure for the year. Foremost thing is you should calculate your basic needs of your home before spending on other expenditure. The common answer every person will say is they want to make more money but first of all you should learn to manage the money according to your salary. If you fail to manage the money you earn, then even if you earn more, the scarcity of money will follow you. So you should take a good and a stable financial decision in your life. For every common person, you should see how to save money after spending the daily needs of running a family. Some of the tips are given below:
How to save money on housing with your salary of 30000 a year?
How to save money on housing – The most important thing to spend every month is the housing expenditure because it is the basic one. Also this is the largest part of your budget which is influenced by the financially situation. The average percentage of the housing rent is 25 to 30 percent. When you live in an expensive area, and your income is low, then it is tough for the person to survive in this generation. Some of the ways you can start to save the money on housing is listed below:
- You can rent a home with the spare of $400 per month.
- You can buy a home with a less desirable location is $800 monthly mortgage.
- Purchase the unusually small home which is $750 monthly mortgage.
When you are spending in a very scheduled budget for each and every month because this will be the way you can control your expenditure. You should spend based on the income you earn every month. If you are earning 30000 per year, then you should calculate the amount of 30 000 a year is how much an hour. Based on this calculation, you can calculate for per day and per month. So according to this financial crisis, you need to calculate your expenditure and save your money for your future.