As an intern in New York City in 2007, I was earning $13 an hour and living the dream. Until I got an unexpected $3,000 tax bill.
Taxes weren’t being taken out of my paychecks, and I didn’t know I should be setting aside money to pay the bill at the end of the year.
Luckily, my mentor helped me get on my feet and taught me two key lessons: First, that I actually love dealing with money (and I’m good at it). And second, most financial goals can be reached by saying them out loud and making a plan.
personal finance coverage.
In 2007 I was living what I considered to be the dream. I had scored a paid internship at a women’s magazine in Manhattan, and had found an apartment in the city with two roommates I adored. One of my best friends from college was working in the same building, and another one was right across the street. Life was peachy.
What could possibly go wrong?
I’m not sure what paid interns make at magazines these days (if that position even still exists), but back in 2007 I thought, naively, that $13/hour was plenty to live on, in one of the most …read more
Source:: Businessinsider – Finance