"The hardest thing to understand in the world is the income tax." - Albert Einstein

SavingAdvice.com Blog

Bridging the gap between saving money and investing

Work

What is the Minimum Wage in Massachusetts?

By Leave a Comment

minimum wage in massachusetts

Massachusetts’ minimum wage is climbing. It currently sits at $13.50 but will be moving again next year. It’s an important step in the right direction, but will it be enough?

Minimum Wage on the Rise

In the blue hills of this great state, those working in minimum wage positions received a 75 cent raise to $13.50 on January 1. It’s the third year in a row that hourly rates bumped up, but it won’t be until 2023 that the state crosses its $15 finish line. It’s a positive step in the right direction, but according to MIT’s wage calculation, one adult with no partner or children needs $17.74 to meet their basic needs. One adult with one child would need $36.88. The numbers don’t always tell the whole story, however.

Service Workers Considered Differently

Interestingly, there is another minimum wage to consider. Service employees currently make $5.55 an hour if they receive over $20 in gratuities a month. However, in fields like the hospitality industry, workers don’t need to worry about the disparity. Instead, employers must ensure their staff receives at least $13.50/hr via an hourly rate and tips.

If employers cannot achieve this, the business must pay staff the difference to bring the hourly rate to the minimum wage in Massachusetts. It’s also important to note there are regulations about handling tips. Gratuities must either be retained by the worker or managed through a valid tip pool as defined by MGL c.149-152A. This wage will also increase on January 1 for the next two years, $6.15 and $6.75, respectively.

Ways to Stretch Your Dollar

Despite the difference between the current hourly wage and your actual living costs, you can always get creative when you’re trying to make ends meet. One of the easiest ways to get started is to track your expenses. While it sounds obvious, you might be surprised to learn that you spent $400 a year on streaming services. Get a free money tracking app like Intuit’s Mint to help you whip those dollars into shape.

If you’re more of a money mover and shaker, a side gig is always an excellent way to bring in some extra bucks. You can sign up with the TaskRabbit app if you want to pick up odd jobs to get you by – think yard work and IKEA furniture assembly. However, if you’re looking for something a little more formal, look no further than remote and adaptable job specialist Flexjobs. Most jobs are geared towards less conventional employment arrangements and might be just what you’re looking for in a secondary hustle.

How to Make a Difference

If you’re not satisfied with what your elected officials are doing on the minimum wage front, there are several ways to get your voice heard. For example, RaiseUp Massachusetts was launched in 2013 after individual coalitions lobbying for better wages banded together. They’ve succeeded in getting new legislation passed like increases in the minimum wage and paid sick time, but the work continues. Contact them if you want to get involved.

Read more

What is the minimum wage in Kansas?

Free things to do in Boston, Massachusetts

Side hustles that might make you $100 in a day

Photo by Jessie McCall on Unsplash

Use These Tips to Find Great Summer Jobs

By Leave a Comment

tips to find great summer jobs

When you think about finding a summer job, you often think about teens looking for work. That’s definitely one situation. However, many different people are looking for summer jobs this year. No matter your age or experience, use these tips to find great summer jobs.

Reasons To Look for Great Summer Jobs

Obviously, teens and young adults often seek out summer jobs. They’re between semesters at school. They want some extra pocket money. Moreover, they want to get some work experience under their belt before they head out into the workplace full-time.

However, not only teens are looking for great summer jobs this year. Many people are on the job hunt. While some are looking for a permanent position, others are seeking something just for the summer. Examples include:

  • Families that want to do work together during the summer months
  • People who have been out of work for awhile and need to boost their budget
  • Folks who are traveling for the summer and want to work their way as they go
  • People with full-time jobs who want a side gig during the months of the year with lots of daylight

No matter the reason, there are a ton of great summer jobs out there. You just need to know how to find them.

5 Solid Tips to Find Great Summer Jobs

These tips to find great summer jobs apply no matter how old you are or what job you might seek this summer:

1. Treat The Job Search Like It’s a Job

It’s tempting to put just a little bit of effort into your job search. After all, it’s summertime. You want to go enjoy your life, too. However, that’s a mistake. You should treat the job search as though it is a job in and of itself. The more seriously you take the job search, the more likely it is that you’ll get the job that you want.

How to Take a Job Search Seriously

  • Commit to a schedule for your job search. It doesn’t have to be 9-5. However, it should be comparable to a full-time job. Note that if you already have a full-time job and are looking for a second summer job, then your job search schedule would reflect that difference. In that case, you might commit to searching for three hours per night after work.
  • Do your research. Decide what kind of job you’re looking for. Then dig deep to find all of the opportunities available in your chosen area. Don’t just browse the first Google search result and end there. Instead, put in effort to find all of the potential jobs out there.
  • Dress the part, figuratively. In this case, that means taking the time to rework your resume. Write cover letters. Update your web presence. Everything related to your job search should look like you’re the person who deserves the job.

2. Make Your Want, Will, Won’t List

This is a great way to make decisions about nearly anything in your life. Basically, you take three sheets of paper. Then you label one “want,” another “will,” and the last one “won’t.” Then you brainstorm as many things as possible related to the question at hand. In this case, the question is – what kind of summer job do I want?

Tips to Find Great Summer Jobs You Actually Want to Work

On your want list, you’ll put all of the qualities that you would desire in the perfect job. Consider:

  • Preferred salary
  • Desired / required hours
  • Dress code
  • Work environment
  • Work duties
  • Benefits
  • Length of commitment
  • Remote vs. in-office opportunities
  • Who you’ll be working with

Next, write your won’t list. What are the things that you absolutely won’t tolerate in a job? There’s no point in even applying to jobs that have items from your won’t list.

Finally, use that information to make your “will” list. These are the things that you’ll accept even though they aren’t your true “wants.”

For example, you might want a job that pays $30 per hour. You definitely won’t take a job that pays minimum wage. However, under the right conditions, you will take a job that pays $20 per hour.

Knowing this information makes it much easier to search for a job. After all, you can easily filter out what won’t work for you, focusing on what will.

3. Put the Word Out There and Network As Much As Possible

Of all the important tips to find great summer jobs, this might be the most important. Yes, there are tons of job boards available online. Certainly, you do have a chance of getting those jobs, especially if you treat the job search like a job in and of itself. Nevertheless, it’s always better if you know someone to help you get the foot in the door.

Therefore, you should make sure that you do as much as you can to network to find the jobs that you’re seeking. First of all, this means that you have to put the word out there to your existing network. Let everyone know that you’re searching. Moreover, tell them what you’re searching for and don’t hesitate to share why you think you’re the perfect person for the job.

Next, get into networking outside of your existing circle. Identify the types of jobs that you want for the summer. Then start heading to places where you can meet people hiring inside those jobs. Job fairs, business events, meetups … these are all great ways to start meeting the people who can hire you this summer.

4. Ask for Help

It’s totally okay to ask other people for help in getting summer jobs. Think about your unique situation in order to find the people that you can ask.

For example, if you’re a student looking for a summer job, then you might want to ask your school counselor for assistance. They always have tips for finding great summer jobs. Plus they might provide you with a reference.

If you’ve been unemployed for awhile and on assistance, then you might want to check with your unemployment counselor. You’d be surprised at how helpful they can be with tips for finding great summer jobs. Of course, they can help you find long-term solutions as well.

Maybe you know someone who has the kind of company that you want to work for. You don’t have to ask them for a job (although you could.) However, you might ask for a lunch meeting to pick their brain about how to get that job.,

5. Create Your Own Summer Job

You don’t necessarily have to rely on someone else to hire you this summer. You can start your own job. If you’re a teenager, then you might choose petsitting, babysitting or learning how to use social media for income. If you’re older, then you might want to launch a side business, write an ebook or begin to sell your consulting services. You can try it out for the summer. Then, if you like it, you might grow it.

Read More:

 

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

Check out these helpful tools to help you save more. For investing advice, visit The Motley Fool.

How to Send Your Kid to Summer Camp on a Budget

By Leave a Comment

I love The Simpsons because I tend to think of it as an animated satire instead of as a cartoon for adults. Anyway, there is a famous episode where Homer and Marge want to send their kids to a fancy summer camp, but they can’t afford it. So, they end up sending their kids to the very cheap and safety optional summer camp Kamp Krusty. It is a hilarious episode, but it reminds me of the predicament that parents are now experiencing. Covid-19 restrictions are lapsing, summer is dawning, and parents are desperate to get the kids out of the house. So, how can you send your kid to summer camp on a budget?

How much can you spend to send your kid to summer camp? Depending on the camp, it can end up costing you a lot.

It can cost you anywhere between $1,000 to $3,000 to enroll a child in a summer camp program.

The day camps, where kids come home at the end of the day, can cost $100 a week on average. Even the cheapest resident summer camps, where kids stay for several weeks or the whole summer, can cost $100 to $300 weekly.

If you have multiple children, then those costs can add up in a hurry.

Here are some tips on how to send your kid to summer camp on a budget safely and responsibly.

Send Your Kid to Summer Camp on a Budget (Compare Prices)

There is more than one summer camp out there. Do some extensive research online to learn where to send your kid to summer camp on a budget.

You can check out websites like Summer Camps.com or Hisawyer.com which lists all available summer camps in your area.

 

You can also lookup summer camps on your local municipal and state government websites. Or just input the term “summer camp” and your city name in an online search engine.

Take note of prices, changes, and facility offerings. Email and call summer camp officials to ask questions. Ask about refund policies – some summer camps don’t offer them. Don’t just choose the cheapest place to send your kid to summer camp on a budget. Find a summer camp that is affordable, nearby, and suits your children’s needs.

Ask About Camperships

About 90% of summer camps offer some forms of financial aid assistance to families who require them. Such financial aid assistance for summer camp enrollment is known as “camperships.”

The issue is that since the summer camp business can be very lucrative, most don’t openly advertise that they offer financial assistance.

If you have chosen a summer camp that is a bit out of your budget, call or walk in and ask about financial assistance opportunities. You may have opportunities to send your kid to summer camp on a budget without knowing it.

Inquire About Discounts

The best way to send your kid to summer camp on a budget may be to know what questions to ask. Just like camperships, many summer camps may not publicly advertise or promote discounts that they offer.

You may be eligible for a summer camp enrollment discount without knowing it. Many summer camps offer discounts if you enroll children for a full season or if you enroll early. Some summer camps will offer you a discount if you enroll multiple kids from the same family.

Be sure to ask about available discounts.

Tax Credits

You can send your kid to summer camp on a budget by taking advantage of available tax credits. For example, you may be able to write off enrollment fees, transportation costs, and other expenses related to summer camp as a parent.

You may qualify for income tax credits offered by the Internal Revenue Service for services and expenses based on taking care of dependents, or your kids. It’s called The Child and Dependent Care Tax Credit. The amount of tax credit that you qualify for will be based on your income and the latest federal tax filing.

The Federal Flexible Spending Account Program, also known as FSAFEDS, offers pretax reimbursement for parents who pay out-of-pocket for dependent expenses like summer or day camp. You may also be able to use this service to open special tax-free bank accounts dedicated to medical expenses or dependent care.

Nonprofit Organizations

Check out your local chapters of the Boys and Girls Club of America or the YMCA to see what kinds of alternative summer cap programs they may offer. Such summer programs will cost half or a third of the costs for traditional summer camp enrollments.

Local Parks

Check out your local, city, and state parks to see if they offer summer camp programs and experiences. Parks departments offer shorter summer camp programs, day walks, nature walks, educational trips and excursions, hikes, and so on.

You may be able to send your kid to summer camp on a budget that may not exceed $40. And don’t forget to ask about financial assistance or camperships.

Plan Ahead

Don’t just send your kids to the cheapest summer camp that satisfies your needs, or which is most convenient for your schedule.

Conduct extensive background research on the summer camps that interest you. Develop questions to ask and get them all answered, Find out about offered amenities. Your kids will be spending time there – know what is going on before you send them.

Talk to your kids about what they want in a summer camp experience and try to incorporate their wishes against your expenses as much as possible.

You have every right to try to save as much money as possible on a summer camp. But don’t just send your kids anywhere on a whim so you can get some peace and quiet.

Read More

Buy a House in These States and Student Debt is Forgiven

Best Places to Put Savings From A Side Hustle

Hungry? Check Out 3 of the Cheapest Meal Delivery Services

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

Check out these helpful tools to help you save more. For investing advice, visit The Motley Fool.

 

How Working From Home Just Made Your House Worth Thousands More

By Leave a Comment

Working From Home Increased Home Value

The COVID-19 pandemic has significantly changed the face of the workplace. More workers than ever went remote. Zoom became the new normal. Work from home became the norm. Although some employees have or will return to the office, many will continue to work remotely either part-time or full-time. One of the unexpected benefits of this arrangement is that working from home increased home value for many people. How could that be?

What Happens When You Can Work from Anywhere

Many people chose their housing location because of their jobs. They chose the city they wanted to live in because of its work opportunities. Moreover, they chose the neighborhood in part because of its proximity to the office. However, when you work from home, you don’t have to consider those things anymore. Instead, you can choose where you want to live based on entirely different factors. As a result, people have been (and are continuing to) move to new locations.

Where People Are Moving to and From

According to FlexJobs, people are generally moving away from expensive urban areas and towards more affordable smaller towns and cities. For example, people fled California, New York, New Jersey, DC, and Illinois. In other words, people who worked in big tech-heavy cities left for areas that were significantly more affordable. They moved to Idaho, Vermont, Maine, New Mexico, and the Carolinas.

Working from Home Increased Home Value in Those Areas

People who left California and New York had been used to paying exorbitant rents for very small spaces. Therefore, they were often shocked at the low cost of very large homes in these other cities. They could easily afford to pay for the luxury of a big space. In fact, many people who were renters for years became home buyers during the pandemic. That sounds counterintuitive until you think about the difference in cost between San Francisco rent and a New Mexico mortgage.

In fact, according to that FlexJobs survey, 65% of respondents would be likely to move if they knew that they could get a permanent work-from-home position. If they don’t have to return to an office in a big city but can still keep their jobs through remote work, then they would move. They cited many reasons that they’d make the move. However, nearly half of them said that a lower cost of living was a major factor.

Because of this migration of people who want to buy homes in these small areas, the supply of homes in those same areas began to shrink. People moved in, bought up the real estate, and the whole supply/demand issue came into play. There are only a certain number of houses available in each of those cities. Sure, eventually these cities can build new housing. However, that’s going to take time. Moreover, lumber prices are high right now, so that’s not going to help anytime soon.

As a result, home buyers are going to keep buying at higher prices. Therefore, if you’re a homeowner or landlord in one of those cities, your home value automatically increased just due to the market. You didn’t have to do anything at all.

Even Home Values in Suburbs Increased

Working from home increased home value in suburbs near major city centers for the same reason of supply and demand. Many people want to stay near the big cities that they love. However, if they can work remotely all or part of the time, then they’re more willing to move further out away from those city centers. They’re moving to neighborhoods that are a bit cheaper. Alternatively, they’re moving further out to the suburbs.

In those areas, they can get more house for their money. And people definitely want more house. Think about it. If you and your partner both work from home and the kids are going to school at home full-time or part-time, then you’re all on top of each other all day long. We’ve seen throughout the past year how stressful that can be. Suburban houses with home offices, dens, extra bedrooms, and more play space immediately become more appealing.

Just like in more rural areas, there are only a certain number of houses available in those neighborhoods and suburbs. The more people want to move there, the higher the price goes up. People who are used to paying city prices may still be willing to pay these increased home values to make that move. In particular, those people who can keep their high-paying jobs while working remotely are often comfortable spending a lot of money on a larger, more comfortable house.

Running the Numbers

According to Investopedia and Redfin, it’s definitely true that working from home increased home value. As of early May 2021, using prices were more than 20% higher than at the same time last year. New housing listings were selling faster than ever. Moreover, nearly half of them sold for higher than the original asking price. Prices are expected to continue to rise, likely by more than 6% this year. There is still 30% less housing available for sale than there was a year ago, which means that the supply and demand situation remains in the favor of home sellers.

How You Can Further Increase Home Value

If you’re thinking about selling or renting out a home to these people who are moving to your area, then there’s one big thing that you can do to further increase the value of the home. Make it home office friendly. Working from home increased home value because people can work from anywhere. However, they want to be comfortable in their home offices. So if you can make some tweaks to the home to create more private office space then you’re more likely to get a significantly higher value for the home.

You might also want to consider becoming a pet-friendly landlord if you’re not one already. After all, many people decided to adopt pets during the pandemic. They were finally going to be home enough to enjoy and care for their animals. They aren’t going to want to move to a house that won’t let them take their furry friends with them. Therefore, if you’re interested in renting out your home to new people as housing values rise, you’re wise to allow pets to move in with them.

Read More:

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

 

Check out these helpful tools to help you save more. For investing advice, visit The Motley Fool.

Why Restaurants Are Having A Hard Time Finding Employees

By Leave a Comment

Restaurants Having A Hard Time Finding Employees

The restaurant industry sure took a hard hit with the COVID-19 pandemic. Many restaurants closed entirely, unable to keep up with rent payments during closures. Other restaurants continued to stay afloat thanks to a combination of funding sources. However, they were all eager for the day when they could re-open to full capacity. We’re just about there. And yet, restaurants are having a hard time finding employees. What is going on?

The Impact of COVID-19 on Restaurants

When the coronavirus pandemic first hit, many cities shut down all of their restaurants. While some resumed service quickly, many kept their doors closed. Here in San Francisco, we only just began allowing indoor dining at partial capacity in recent weeks. While we expect to reach full indoor dining capacity in mid-June, it’s been more than a year of reduced indoor seating.

In order to stay open and survive the pandemic, restaurants had to take a variety of different measures. These included:

  • Updating their to-go and delivery menus. Many places began offering to-go cocktails, new menu items, and family meals.
  • Partnering with nearby bars to allow those bars to open as well. Bars in San Francisco remained closed until very recently. However, they could serve alcohol at a partner restaurant if they could find one.
  • Applying for permits to allow outdoor dining. Here in San Francisco, many places opened outdoor dining parklets. They’ve been a wonderful addition to the city. However, building those cost money. They had to spend money in order to keep making money. And the
  • Adapting their rules, guidelines, safety procedures, etc. in order to meet constantly-changing COVID-19 guidelines.
  • Reducing staff in order to adjust to changing capacities and funding.
  • Applying for grants, setting up Go Fund Me accounts, selling gift certificates and finding other sources of funding.

Many restaurants across the country closed their doors during the pandemic. Some will never open again. In fact, in 2020, over 110,000 restaurants shut down. Forbes reports that the restaurant industry lost $240 billion last year. Moreover, 2.5 million workers in the industry lost their jobs.

We’re Turning the Corner

As we reach the middle of 2021, we’re finally starting to see a positive change. Thanks to vaccines and a downtrend in cases, many areas in the country are able to re-open again. A lot of the restaurants that were struggling to hang on have seen a big surge in customers returning to dine with them.

New restaurants are opening. Old ones are coming back. Those that had been open at partial capacity are filling up again.

However, the restaurants obviously have to keep adapting. Those that had reduced staff due to reduced capacity now need to hire new people. Many people need jobs. And yet, restaurants are having a hard time finding employees. In fact, just when business started bustling again, some restaurants had to close their doors because they simply didn’t have the staff to meet the demand.

There Are Just Too Many Jobs Available

Yes, 2.5 million people lost their jobs in the restaurant industry last year. However, some of those people managed to find new ways to make money since then. And those that are looking for jobs have a whole lot of options to choose from. It’s the first time in history that we can think of when thousands upon thousands of restaurants are hiring all at once. If you have restaurant experience and want a job in the industry, you really have a lot of options to choose from.

People are indeed going out and getting those new restaurant jobs. The New York Times reports a steady increase in restaurant employment month upon month in 2021. Nevertheless, restaurant staffing remains significantly lower than it was pre-pandemic. There are still over one million fewer jobs filled in the business this year as compared to last. (Note that fast food staffing is lower than a year ago but not nearly as low as that of higher-end restaurants.)

So restaurants having a hard time finding employees is a simple situation of supply and demand. There are a lot of jobs. While some people want them, many of those people want to explore their options. Whereas they may have had only a few restaurant positions to choose from pre-pandemic, they now have their pick of places to apply. With so many openings, employees can be pickier about the jobs they take on.

There Are Other Jobs Available, Too

As aforementioned, some of those laid-off restaurant employees found other ways to make money during the pandemic. Perhaps they started their own businesses. Maybe they trained in a new field that allows them to work from home. In some cases, they spent the pandemic year going back to school. In other words, they have returned (or are returning) to work but not in the restaurant industry.

People Moved Away From Restaurant-Rich Areas

The big cities with the most restaurants are also some of the most expensive cities. When people lost their restaurant jobs, some decided to leave those cities. For example, a lot of people left San Francisco and New York. There was no reason to stay in a really expensive city without work available. If those people don’t choose to return to cities with a lot of restaurants, then they aren’t applying for those jobs. And if the people who remained in the cities have other job options, then they aren’t applying to the restaurants. So restaurants having a hard time finding employees makes a lot of sense, especially in those big cities.

Some People May Choose Unemployment

The New York Times article also argues that there are some people who simply don’t want to return to work if they don’t feel like they have to. People have received an unprecedented amount of unemployment income during this pandemic. In some cases, individuals may find that they make more money not working than they would if they chose to go back to work. Moreover, some of those people simply might not feel safe and ready to go back to restaurant work. After all, you have to interact with a lot of people who may or may not have been exposed to COVID.

Of course, there are rules about unemployment. You’re supposed to actively look for a job if you’re able to work. Obviously, there are restaurants hiring. Therefore, at some point, those people who choose unemployment over working may not have that option anymore. However, for the time being, it appears that a portion of those people aren’t returning to work, yet. This contributes to restaurants having a hard time finding employees.

Read More:

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

Check out these helpful tools to help you save more. For investing advice, visit The Motley Fool.

What Is The Minimum Wage in Kentucky?

By Leave a Comment

What is the Minimum Wage in Kentucky?

If you’re searching for an entry level job in Kentucky, you’re probably wondering what the state minimum wage is. Is it the same as the federal minimum wage, or is it higher? Additionally, you may be wondering if the minimum wage is the same throughout the state or if some cities have set their own pay standards.

Here’s a guide to the minimum wage in Kentucky so you know what to expect.

What Is a Minimum Wage?

First, it’s important to define what a minimum wage is and who receives it.

Many entry level workers in the retail, customer service, and hospitality industries are paid the minimum wage. The minimum wage is the lowest amount an employer can legally pay a covered nonexempt employee for an hour’s worth of work.

The federal government has a set minimum wage that applies to the whole country. States governments can also pass their own minimum wage laws. However, employers can’t pay workers less than the federal standard even if the state minimum is lower.

Most hourly employees are considered nonexempt and are guaranteed at least the federal minimum wage of $7.25 per hour. However, there are a few exceptions.

Employers can pay trainees less than the federal minimum wage during their first 90 days of employment. Full-time students and disabled workers may also be paid at a lower rate in certain situations.

A different set of rules applies to tipped workers as well. Employers can pay them just $2.13 per hour if they receive enough tips to bring them up to the federal minimum wage. If they have a slow day and don’t earn enough tips to get them up to $7.25 per hour, their employer is required to make up the difference.

Now that you know what the federal minimum wage is, let’s take a look at what pay standards are like in Kentucky.

What is the Minimum Wage in Kentucky?

As mentioned above, states are allowed to create their own minimum wage laws. If a state requires a higher minimum wage than the federal standard of $7.25 per hour, then employers in that state are obligated to pay it.

So does Kentucky have a higher minimum wage requirement?

Kentucky’s minimum wage matches the federal standard of $7.25 per hour, which isn’t enough for some workers to live on. If you have student loans or a family, you may find it hard to get by.

MIT says that the living wage for a single person in Kentucky is $13.48 per hour. So you’d need to earn about $6.23 more than the minimum wage to be able to afford basic necessities without any assistance. If you’re a single parent with a child, that number jumps to $28.25 per hour.

That’s why many Kentucky lawmakers are fighting for a higher minimum wage. One proposal would increase the minimum wage incrementally until it reaches $15 per hour in 2027. But so far, no laws have been passed.

Do Any Cities Have a Higher Minimum Wage?

Just like states, cities and counties may be able to increase the minimum wage in their area. Some cities that have a high cost of living like San Fransisco and Seattle have raised their minimum wage to give entry level workers and their families some more financial breathing room.

The Louisville Metro Council also tried to raise the city’s minimum wage to $9 per hour. But the increase was struck down by the Kentucky Supreme Court in 2016. They argued that cities don’t have the authority to set a higher pay rate.

Lexington tried to pass a similar ordinance, but that was struck down as well. So as of right now, the minimum wage is the same throughout Kentucky.

What do you think about the minimum wage in Kentucky? Do you think it’s enough to live on or should it be increased? Let us know in the comments section below.

Read More

What Is the Minimum Wage in Illinois?

Top Reasons to Use Online Learning to Boost Your Career

What is The Minimum Wage for Florida?

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.
Check out these helpful tools to help you save more. For investing advice, visit The Motley Fool.