A question from the "Your Money or Your Life":
How much are you trading your life energy for?
Establish the actual cost in time and money required to maintain your job, and compute your /real/ hourly wage.
How:
* Deduct from your weekly income the costs of getting to and from work; the cost of the clothes you buy to wear at work; the extra cost of at-work meals; the amount spent to relax and wind down after the stress of a work day; job-related illness; and all other expenses associated with maintaining you on the job.
* Add to your work week the hours spent in preparing yourself for work, travel to and from work, the time taken to wind down at home after work, recreation need after work as a means of winding down, shopping to make you feel better since your job feels lousy, and all other hours linked with maintaining your job.
* Divide the new, reduced weekly dollar figure by the new, increased weekly hour figure*; *this is your real hourly wage.
Posted by sandwichman at September 28, 2004 08:33 PM