134
votes
Accepted
50k job is offering 90k worth of shares. Scam?
That would likely be a startup.
So they need a developer who can ask for a good salary, but they don't have that much money. So instead they offer shares.
If the company is successful, due (in part)...
- 23.8k
115
votes
How can I break the cycle of taking on more debt to pay the rates for debt I already have?
Your expenses are currently higher than your income! This is your priority #1! I cannot stress enough that if you take on new debt in order to make payments on old debt, that is often the last stage ...
- 42.9k
82
votes
Accepted
Company stopped paying my salary. What are my options?
If it was me, I would count the bonus lost. You need money to live, and they are not paying you so the answer is obvious: seek another job (or three). I'd have a chat with your manager about you ...
- 78.5k
78
votes
Accepted
Is a higher salary worth not having a 401(k)?
From a long-term planning point of view, is the bump in salary worth not having a 401(k)?
In this case, absolutely. At $30k/year, the 4% company match comes to about $1,200 per year. To get that ...
- 140k
58
votes
Accepted
How are people able to spend more than what they make, without going into debt?
That's just his base salary for last year. Keep reading in the article:
He also received $1.6 million worth of securit[ies].
Plus, he's probably earned plenty in salary, bonuses, and other ...
- 140k
53
votes
Accepted
How to protect an employee's wages before the company declares bankruptcy?
When a company files for bankruptcy there is no guarantee that they will be able to satisfy any of their debts. Assuming chapter 7 bankruptcy, the employees with unpaid wages become creditors. Assets ...
- 70.8k
49
votes
Accepted
Are there any downsides to having a bigger salary rather than a bonus?
There is no downside for you but there is for the company.
If the company has a bad year, it can stop your bonus but it can't reduce your salary (or at least that is much harder to do).
When is the ...
- 7,556
48
votes
How to manage monthly salary
A simple budget spreadsheet is fine for this.
In one tab, track all your income:
- take-home money from employment (use an online calculator to estimate if you only know your gross salary, but ...
- 24.4k
48
votes
Company stopped paying my salary. What are my options?
Not paying your salary is a form is constructive dismissal. That is grounds for filing an unemployment claim — possibly the fastest way to get money for paying bills that doesn't put you into further ...
- 1,723
40
votes
Accepted
Is it a good practice to keep salary account and savings account separate?
This seems like a risky setup. All it takes is one missed or delayed transfer for you to overdraw your "savings". There is a benefit to keeping your regular expenses and savings separate, and I can ...
- 140k
33
votes
Job offer in Sweden: Confused about the salary breakdown
First off, for any questions relating to taxation in Sweden, it's a good idea to contact Skatteverket (the Swedish tax agency). The people there are generally happy to help, and also generally want ...
- 4,609
32
votes
Is a higher salary worth not having a 401(k)?
4% of 30k ($1,200) is dwarfed by an $18,000 base pay increase. At 48k maxing out IRA will take ~11.5% of gross income, so at current position (30k salary) 401k contributions would likely be limited to ...
- 70.8k
32
votes
First paycheck for biweekly salaried job is less than expected
I began working at my first job on February 20 and I am paid $65,000 a
year as a salaried employee. My first salary check arrived, and it is
only $211. Have I overlooked something?
There are two ...
- 144k
31
votes
Company stopped paying my salary. What are my options?
My fear is if I resign I will not get paid my salary or my bonus.
You will almost certainly get paid your salary up through the time you stop working. You might need to have a lawyer fetch it for ...
- 21k
27
votes
How to manage monthly salary
Vicky provided a great answer and I agree that a spreadsheet is good for budgeting, some of the budgeting apps available make it easier to track spending or resolve deficits/overages in your budget, ...
- 70.8k
27
votes
How to manage monthly salary
I think there are a couple of budgeting tools that have served me very well.
Consider the big picture
Think about money in terms of years, not paychecks. Netflix isn't just $12 per month, just one ...
- 49k
26
votes
Accepted
Employer skipped payments, should I allow them to defer payment until Jan 2017?
First, let's look at the tax brackets for single taxpayers in 2016:
Taxable Income
Tax Rate
$0—$9,275
10%
$9,276—$37,650
$927.50 plus 15% of the amount over $9,275
$37,651—$91,150
$5,183.75 plus ...
- 116k
26
votes
Accepted
Overpaid by employer, will I lose out on my income tax allowance?
You should ask your employer to issue an updated payslip showing the correct gross salary, deductions and net salary, and then repay to the employer the difference between the net salary in your old (...
- 30.1k
25
votes
How can I break the cycle of taking on more debt to pay the rates for debt I already have?
Your situation looks like you are in deep s**t. You have to be absolutely brutal to get out of this, or you will drown in debt. I suggest:
Find any way possible to make more money. Overtime, weekends,...
- 23.8k
22
votes
Company stopped paying my salary. What are my options?
When you work for a company, there are a lot of expectations of you: prompt attendance, follow instructions, accept criticism, handle all the work stress, and all the things that go with good ...
- 24.3k
21
votes
How are people able to spend more than what they make, without going into debt?
Rich people use debt for various reasons. The question should not assume that billionaires don't use debt. They also pay lower interest rates on that debt because they have enough collateral that ...
20
votes
What to spend money on after getting first good job?
Assuming that you don't have credit card debt or student loans, then the things to focus on are:
Life happens fund to handle an unexpected bill like an emergency car repair.
Emergency fund. Three to ...
- 144k
19
votes
How to Convert UK Income Levels to USA Income Levels
Having once had to do this while moving from the UK to Canada, I can say that there isn't a straightforward conversion rate. Things you need to take into account:
Currency exchange rate
Cost of ...
- 34k
19
votes
No taxes were taken out of my paycheck. Is this a mistake?
Your employer won't start deducting tax until you have been paid enough money that you will owe tax.
British PAYE taxes are designed to deduct exactly the right amount of tax for the amount you have ...
- 34k
18
votes
Company stopped paying my salary. What are my options?
You should alert the NY State Department of Labor here. Failure to pay salary is unlawful.
I have to warn you, most people's experience is that they never get paid anything. In California, employee ...
- 1,811
18
votes
How can I break the cycle of taking on more debt to pay the rates for debt I already have?
I do know that I have to control my credit cards expense. But I am at a point where I have to use credit cards to keep things running.
Getting more income, as another answer suggests might help, as ...
- 9,602
16
votes
Accepted
How to Convert UK Income Levels to USA Income Levels
As a European who's currently living in North America, I feel that there's a lot of confusion over salary comparisons between different markets. Let’s break it down step by step:
Currency
As a ...
- 5,902
15
votes
Accepted
What does an L mean at the end of the salary in India?
It means lakh, a multiplier of 100,000. So these numbers are equivalent to 1.5-2 million Indian Rupees.
- 30.2k
13
votes
Net salary in Germany for programmers
There are a lot of differences between being a regular employee ("Unselbstständig") and being a freelancer ("Selbstständig") in Germany.
With regular employees, the insurances for health, care, ...
- 24.1k
13
votes
How can a bank make it possible for their customers to get their salary up to two days in advance?
This policy is standard for many US banks, e.g. Wells Fargo and Chase and often applies to all ACH/direct deposits, such as government benefits, pensions, and tax refunds. It is called early funds ...
- 3,670
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