How much unemployment will I get if I make $350 a week?
Unemployed workers who earned $350 per week often wonder how much unemployment they will receive. Unemployment benefits are typically paid each week to eligible recipients. However, the amount of money you can receive depends on the state where you live. For example, if you make $350 a week in Hawaii, you will receive more money than if you lived in Georgia.
Here are some examples of how states provide different amounts of unemployment benefits:
Hawaii Unemployment CalculatorSelect your state to calculate your weekly unemployment payment:
$350.00 a week is… |
|
| $350.00 a week (40 hours) | Income |
| Hourly | $8.75 |
| Daily (8 hours) | $70.00 |
| Biweekly (80 hours) | $700.00 |
| Monthly (173 hours) | $1,513.75 |
| Quarterly (3 months) | $4,541.25 |
| Yearly (52 weeks) | $18,200.00 |
How much is $350 per week?
What does it really mean if you’re making $350 per week? How much is that every month? What about every week? And how much are you walking away with at the end of each day? Let’s talk about how to calculate your pay so you can see how much you’re making during different time periods.
$350 a week is how much per hour?
To keep our math simple, we’re going to use the traditional 40 hour work week. It’s true that many employed Americans work less (generally 37.5 hours) and many self-employed Americans work more (generally 50-60 hours), but once you see how to run the numbers, you can plug in your own hours.
You can discover your hourly wage by taking your weekly pay and dividing it by 40.
$350 per week / 40 hours = $8.75 per hour
$350 per week is $8.75 per hour.
At this rate, you’re making around $1.50 more than the Federal Minimum Wage. However, if you’re at a job where you can collect tips or sales bonuses, you can increase your income accordingly. Who knows…maybe adding a smile to your service can add a 50% bonus!
$350 a week is how much per month?
It’s good to know how much you’re making each month so you can tell how well you can meet your monthly expenses like rent. But first, you have to know how many hours you work per month. Since there aren’t exactly 4 weeks per month, it’s more accurate to use 173 hours per month to calculate your monthly pay.
40 hours per week x 52 weeks = 2080 hours annually
2080 hours annually / 12 months = 173 hours per month
Now factor in your hourly wage. Multiply your hourly pay by 173 hours.
$8.75 per hour x 173 hours = $1,513.75 per month.
$350 per week is $1,513.75 per month.
$350 a week is how much per quarter?
Do you know how much you can spend on holiday shopping this year? Can you go away for a summer vacation? Will that vacation be a cruise or a staycation? Questions like this are best answered when you know how much money you’re making every season.
1,513.75 per month x 3 months = $4,541.25
$350 per week is $4,541.25 per quarter.
$350 a week is how much per year?
There are 52 weeks in the year. So, if you earn $350 a week, you can find out your yearly pay by multiplying $350 by 52.
$350 per week x 52 = $18,200 annually
$350 per week is $18,200 per year.
If you are a household of two, your income for the year is right at the federal poverty guideline for 2022. But if your household is larger than that, it would be best if your income was matched with your partner’s income. Even if it is, in most states, you are going to have to budget and stick to it in order to make ends meet comfortably. But the good news is that with this income, you will get a solid tax refund at the end of the year. Additionally, you will be able to take advantage of assistance programs like Food Stamps for grocery shopping.
$350 a week is how much per day?
The easiest way to calculate your daily wage is to find out your hourly pay and multiply it by 8.
Assuming you work 40 hours a week… to find out your hourly pay, you can divide your weekly pay by 40.
$350 a week / 40 hours = $8.75
Next, take your $8.75 hourly wage and multiply it by 8.
$8.75 per hour x 8 hours per day = $70
$350 per week is $70 per day.
In most states, $70 is grocery shopping for the week. And in many cities, it’s a moderately priced dinner for two and perhaps a movie.
$350 a week is how much biweekly?
Whether you get a paper paycheck or a direct deposit, most people get paid every two weeks, which is also called biweekly. You can figure out your biweekly pay by taking your weekly wage and multiplying it by two.
$350 per week x 2 weeks = $700
$350 per week is $700 biweekly.
If you make $350 per week, you are earning $700 every two weeks.
How To Earn Extra Money If You Make $350 a Week
Just how much extra money do you need to earn? A good starting point might be to try and earn three times your housing costs, between your regular job and your side gig (whatever that might be). In this case, for the sake of simplicity, let’s assume you’ve secured some housing arrangements that are less than half your monthly income. Really, this is far from ideal, because the suggested percentage of your rent or mortgage against your income is no more than 33% (and that’s what we are trying to get to). But if you are making $1,513.75 per month (based on $350 per week, as calculated above), you’re going to be hard pressed to find decent housing arrangements for $500 per month. So, let’s say you find something to rent for no more than $750.
Three times $750 is $2,250. If you’re making about $1,500 per month at your main job, you just need to make up a $1,000 difference. Seems like a tall order to fill. But let’s say you got a second job, even one that paid the same $8.75 hourly rate. You wouldn’t need to work this second job more than 26 hours per week to make up the difference. That could easily be something you do on the weekends and a few nights a week. It could even be fewer hours if the thing you choose to do pays more per hour or provides tips.
The question now is what that could be. Thankfully in today’s gig economy, there are plenty of choices to choose from. You could shop for people by signing up on Instacart. You could do odd jobs for clients on TaskRabbit. You could deliver food with Postmates. The great thing about these gig worker apps is that you can also earn tips.
If you have some specialized skills like writing, graphic design, or web design, you could find some freelance work on a website like Upwork. Whatever the case may be, one important thing to keep in mind is that you still get a healthy amount of sleep each night and have some downtime. Making money to make ends meet is important, but it requires a delicate work-life balance of assessing your bank balance and your overall health.