See Jane Get Rich

 Today I got my first paycheck from my holiday job. I was starting to wonder when that first paycheck would show up and I kept checking my bank account to see if the direct deposit had come through. I finally went and asked my manager and it turns out the direct deposit paycheck hadn’t gone through.

I was so excited to see my paycheck that I immediately opened it up to see how much I had made working. It was a whopping $161.29. What! No way! I know I am working for peanuts but that’s even smaller than peanuts. So, I started scanning my paycheck to see why the heck my paycheck is the size of a mustard seed and that’s when I noticed my big fat 401(k) contribution. So, here’s how my first paycheck breaks down.

Total Earned Paycheck: $515.12

Now, subtract the following: Read the rest of this entry »