How do you compensate for the perks of traditional jobs (ie. health insurance, paid vacation ect…)?
Elsie: I pay for my own health insurance (it is about $70 each month), I also have to pay all of my own taxes which are *very* expensive each quarter. These things aren’t so bad as long as they are planned for in advance. I also have do my own retirement investments. Basically, there is a lot more planning involved. Rachel: My husband and I pay for our own health insurance and have a few small investments. We’re not exactly able to take paid vacations but we don’t mind. We have to set aside taxes on our own and try to keep things going between the two of us when someone is sick. Its all we’ve ever known so it doesn’t feel unusual to us. Brandon: Paid vacation is out the window… but I do get to do a lot of traveling. I would much rather be working on something when I travel anyway, so that works out great. I pay for my own health ins. and have a Roth IRA through fidelity… so yeah, I’m a grown up.
Related Questions
- If an employers policy provides a paid vacation and the employees employment is terminated, is the employer required to compensate for any vacation time I have accrued but not used?
- Is an employer required by law to provide paid vacation, holidays, severance pay, sick pay or health insurance?
- Why are health insurance, paid vacation, holiday time, and retirement plan important when choosing a job?
