If you have accepted a new job , you probably think about what you do with your new content. But have you realized that sometimes a new job can cost money?
Before you realize all the money for the mentally fresh fluid, you must consider the five possible costs that may come with a new job:
One way costs. If his previous work was 10 minutes and the new involves an hour away, they are higher costs for gas and maintenance. The public transport fares can also be added. If you pay $ 5 each way on public transportation, it is more than $ 2,500 in one year. Make sure that if you are evaluating a job offer , taking into account the transportation costs can be significant.
In fact, a personal finance blogger Mr. Money Mustache known as -, the website anonymously popular money management runs - the Reuters news agency on May 1: "The IRS can the company performed at about 55 cents per mile deduction , and is on a more realistic cost based ... So if you have a range of 20 km to work, several times. forty miles per working day and 50 cents per mile there are 2,500 of them work in every ten years, "OK "road burns at least $ 50,000 in ten years."
Two insurance premiums or deductibles. before accepting an offer , make sure you understand what you pay premiums for health insurance and what you get. If you had covered most or all of the cost of the monthly premiums already have a plan in which your employer has, you can be in a state of shock sticker when you see what it costs to take them on himself. According to the plan of your employer and what they pay for, you could end up seeing eaten much of your insurance premium content.
You should also look at what the plan covers, what deductibles you may have and what your copays are so wants. There can be large differences from one plan to another, and if you at the end to get out of pocket typically a map of lower quality, the pay done a big bite out of your paycheck .
3 for COBRA health insurance between when his former insurance period ends and when your new coverage begins. Many companies not their insurance coverage does not begin until you have worked 30 days, which means you can use an expiration month of the reporting at the end. In general, you can keep your old coverage through COBRA, or Act Program Consolidated Omnibus Budget Reconciliation rules for federal health benefits. But you have to pay the full cost has already been paid by your employer, which can be expensive to pay. However, note that you apply for COBRA retroactively if the money-saving option applies only if you end up needing coverage during this period.
4 workwear. Messages expectations wardrobe , an unexpected costs for people who together new in the world of work, as recent graduates or those who leave a job with a casual dress code to a situation where it is expected the costumes. If you are used to spend her days in jeans, and his new position requires work clothes, you might find that you have to buy a new wardrobe for work. Business clothes are not cheap, but keep in mind that you can often get good by the low prices at consignment stores and thrift stores costumes hand.
5 breakfasts and other extras. How do you deal with the lunch can determine if this ends up being a cost-effective, working for you or against you. Eat every day can add up quickly. Only for lunch - even if a relatively frugal budget of $ 5 per day will take place for lunch, you can spend over $ 1000 a year. There are significant savings by simply eating take to have most of the time at home. Like food expenditure appear to work in other ways, too, so be careful. For example, buying coffee every morning and go for regular happy hours with colleagues additional costs.
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