Zero interest loans are not always a good deal.
Did you splurge on anything
- Thread starter Insaneasylum
- Start date
Browndriver5
Well-Known Member
Yes you can. You put a percentage. If I make x dollars every week then I can just about figure up how much I put in every week. It's not rocket science
Browndriver5
Well-Known Member
But you really don't want to get into an investment or money argument with me because that is one thing I am very bright at.
UpstateNYUPSer(Ret)
Well-Known Member
Please show me where on the Prudential website I could go and elect to have a set monetary amount, rather than a percentage of gross pay, taken from my check as a contribution to my 401k.
I'll wait.
Brownslave688
You want a toe? I can get you a toe.
That's all fine and dandy if you are salary. We are not.
Let me rephrase what you are trying to say. If your paycheck is about the same every. Week ,you can figure out what % will give you a certain dollar amount.
Browndriver5
Well-Known Member
I'm not salary but I get the same hours every week. 7 hours Saturday air and around 18 through the week. So what if I get 23 hours one week and 28 hours the next week it's all an average
retired2000
Well-Known Member
Went top scale after 90 days had a real Union back then
Browndriver5
Well-Known Member
If I give over 5000$ a year then great if I don't my check book says other wise then I put that money into a savings.
18 months.for me.
Brownslave688
You want a toe? I can get you a toe.
One week as a driver I could make $2200. The next week $1200 so pretty big swings.
You try and guesstimate as best you can but its not the same. My wife is salary. It's easy as hell to tell her put 10% in your 401k you'll max it out last week of the year. Drivers can't do that.
Or $600 for those that come to work when they feel like it.
Browndriver5
Well-Known Member
But I'm not a full time driver so that doesn't apply to me.
Brownslave688
You want a toe? I can get you a toe.
I cleared over $1000 in 4 days a few weeks ago. It was crazy.
I have had a few $400-$500 checks this year and then I'm like uh I probably took too many days off last week. Lol
UpstateNYUPSer(Ret)
Well-Known Member
Let's say you make $20/hr so the math will be such that even you will understand it.
23 hours @ $20/hr is $460. $100/$460 = .2173 which is 21.73%
28 hours @ $20/hr is $560 $100/$560 = .1785 which is 17.85%
Unless you are adjusting your contribution percentage on a weekly basis there is no way that you contributing exactly $100 per week to your 401k.
Browndriver5
Well-Known Member
The worst is calling in two days to pre load then bringing home 60$
UpstateNYUPSer(Ret)
Well-Known Member
The math works the same whether you are a FT driver or a PTer.
You think?
Don't be like my buddy. He took too many calls. Lost some pension credit and vacation time.
His wife was ready to kill him!
Brownslave688
You want a toe? I can get you a toe.
I only have to work 1 day a month here to get full credit.
Vacation time??
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