How much will this job cost me?
There’s a financial cost associated with every job. Many people don’t consider this fact when they accept a new position. It’s important you know how much money you will need to make in order to bring home your desired salary in this new position.
So what kind of expenses do you have with a job? The most obvious one is health care. Depending on the plan and the size of the company there can be a significant difference in out of pocket expenses. And don’t forget things like office visit and prescription copays – they play a role in the cost of health insurance. Other factors to consider include: commuting expenses, paid training, tuition reimbursement, and health club memberships.
Before accepting a new job, compare the costs that you will be required to pay out of pocket. You might just find out that the salary offered to you is a raise on paper but in fact a step backwards in what you bring home every two weeks.