How much unemployment will I get if I make $19 an hour?
If you lose your job through no fault of your own, you may be eligible for unemployment benefits. How much will receive depends on the state, and payments can vary widely, depending on where you live. Each state can also decide how long benefits will last. Most states offer UI benefits for 26 weeks, though some states offer less. For example, North Carolina only offers unemployment benefits for 12 weeks.
If you make $19 per hour and file for unemployment, you can expect close to $400 per week, give or take. Your actual payment is determined by your state’s UI policy, along with your recent work history and income.
Here are some examples that show how each state awards unemployment benefits differently:
Select your state to calculate your weekly unemployment payment:
$19.00 an hour is… |
|
| $19.00 an hour | Income |
| Daily (8 hours) | $152.00 |
| Weekly (40 hours) | $760.00 |
| Biweekly (80 hours) | $1,520.00 |
| Monthly (173 hours) | $3,287.00 |
| Quarterly (3 months) | $9,861.00 |
| Yearly (52 weeks) | $39,520.00 |
How much is $19 per hour?
If you earn $19 per hour, how much is that per month? It’s also good to know how much you’re making per day, week, month, and year. This lets you plan ahead and better manage your personal finances. Let’s take a look at what it means to make $19 an hour using some simple math.
$19 per hour is how much per month?
In order to see your monthly income, you can first figure out how many hours you work per year and divide that by 12. Most Americans are working around 40 hours every week. Of course, if your work week does not look like this exactly, you can change the numbers in the formula.
40 hours per week x 52 weeks in a year = 2080 hours annually
Now you will divide that number by the months in a year:
2080 hours annually / 12 months = 173 hours per month
Now you will factor in your hourly wage:
$19 x 173 hours = $3,287
$19 per hour is $3,287 per month.
This monthly figure is important for assessing how well you can pay your bills and meet your large monthly financial obligations. Since fixed expenses will tend to remain the same for at least a year (like rent) you can then do some planning and budgeting moving forward once you know all the numbers. That will help you determine how much you can spend on variable expenses like food, clothing, and entertainment.
$19 an hour is how much per week?
Do you know how much you make every week? Just take your weekly work hours and your hourly income and multiply them to find the answer.
40 x $19 = $760
$19 per hour is $760 per week.
Coincidentally, if a $1.00 raise is in the cards anytime soon, you will bump that weekly income up $40, for an annual increase of $2,080. Every dollar counts, especially in the long run, as you can see.
$19 an hour is how much per year?
Take your weekly income and multiply it by 52, which is the number of weeks in a year.
$760 x 52 = $39,520
$19 per hour is $39,520 per year.
This is the number you will put down on your tax return, if it’s truly your income after FICA taxes have been taken out of your paycheck. At this amount, you will fall into the 12% income tax bracket. However, if you are self-employed, you will be able to write off expenses you’ve purchased for your business and lower your taxable income. And yet, on the income that remains you will actually have to pay 15% FICA taxes before paying the 12% income tax. It all gets a little confusing, and you should speak with an accountant in order to make sure you’re saving the most money.
$19 an hour is how much per day?
It can be interesting to think about the purchasing power of one day’s work. Just take your weekly hours and divide by five. Of course, if your work week has more or fewer days, you will change the formula accordingly.
40 hours weekly / 5 days a week = 8 hours per day
Now bring your hourly wage into the mix:
$19 x 8 = $152
$19 per hour is $152 per day.
In most states, this would amply cover a car insurance payment, utility bill, a week of groceries for one (sometimes two) people, and for some consumers, a car payment (especially if you have refinanced your vehicle).
$19 an hour is how much per quarter?
A grouping of three months is called a quarter, and there are four of them per year. Take your monthly income and multiply it by three to see how much you make quarterly.
$3,287 x 3 months = $9,861
$19 per hour is $9,861 per quarter.
This number can be helpful especially for people in jobs where extra commissions and tips can be earned, like sales or delivery services—or, if you are self-employed and find your own business. If you are not happy with the money you are making in one quarter, you can try to do better in the next.
$19 an hour is how much biweekly?
Are you getting paid every two weeks? If you’re like most wage-earning employed Americans, you most certainly are. Take your weekly income and double it.
$760 each week x 2 = $1,520
$19 per hour is $1,520 bi-weekly.
Keep in mind that $1,520 is your gross pay. To calculate your net pay, you need to remove about 7.65% in FICA taxes. That will leave you with about $1,417.40 every two weeks.
How To Use Your Credit Card Wisely
Credit cards are very alluring. They’re bright and flashy and give you points and cash back. But they can also become a debt trap for Americans in a culture that encourages purchasing and consumption. And yet, at the same time, most Americans could never buy a home, a car, or pay for their children to get a degree if they don’t use credit. And in order to get credit, you need to have good credit. That’s because banks and lenders want to see that you can be trusted with borrowing money.
One way to build your credit is with credit cards. But using your credit card everywhere you go is a bad strategy for this, especially if you are making $19 per hour. Even though that’s almost three times the federal minimum wage and higher than the highest minimum wage in the country (Seattle, at $17 per hour), it still puts your income below what’s comfortable in most states (of course, if someone else in your home is making the same amount or more, that’s a different story, but the outcome is still similar, so read on). You just simply cannot afford to tempt yourself to make purchases that are actually beyond your spending power, and then be forced to pay interest on those purchases.
So, what you can do is use your credit cards to automatically pay for fixed expenses like your rent, utility bill, car payment, and car insurance. You can even cut up the cards so you don’t use them for discretionary purchases or even needs like groceries. You can then automate the payment to the credit card company so you’re paying your credit card bill on time, every month.
Things will look even better if the total balance on the card (from your purchases) is below 30% of the total limit on the card. You should also avoid opening up too many cards, but if one card is not enough to cover all your expenses, you might consider opening up two to meet all your expenses and keep the balance below 30% on each one.