FINANCIAL THOUGHTS - Am I going to be blogging on Hive just to be able to keep addings.
This seems to be a possibility that I will need to get ready for - blogging to be able to eat. Not just to feed myself of course, but to feed everyone in the family. From the 3 cats to myself, my wife and my 3 children.
This is not due to losing my job or because of some unmanaged debt that I need to get under control. Nope. This actually stems from getting a company perk that was not budgeted for and now I will have to somehow manage to pay for it all.
So what happened?
There were guys at my place of work who are insisting on joining a Union and one of the biggest things they want from the small business they work for is a Provident Fund.
So the company we work for is going ahead and will be providing a Provident Fund even before a Union can force them to do so. However, both your employer and you, the employee must contribute to the fund.
Not only will my employer need to FIND 7% of staff salaries as an additional cost to company, I myself will be paying 7% of my GROSS income towards the provident!
This is huge, seeing as I still have to pay an income tax, an unemployment fund and there is a medical deduction as well. I am used to getting my NETT income in at a certain amount.
If 7% of gross is coming off my salary then I fear that the real impact on my budget will be more than 10% of my income will be deducted to pay towards this fund.
The company will struggle to find 7% this year which means no increases in our pay can be expected. Meanwhile, all my expenses go up with the inflation.
My budget for 3 kids, 2 adults, and 3 cats does NOT have 10% leeway in the budget. I use all of the budget money and then yet I STILL do not have enough all the time.
I am very thankful of Hive and that I am able to blog and earn. When I run my budget there is not much I can count out on. I can't cut. I do not HAVE extras.
Thus the only place I am able to cut myself some slack is of course... the food budget. Eating cheap meals and soups will get me a certain distance and then I will need to blog for my supper!
I need to do what I can to ensure that I have a decent monthly income from Hive that will be added to my budget money. It is about 7 weeks to go till the pawpaw really strikes the fan.
I will need to work hard and earn as much as possible as fast as possible.
Let's see what I can do!
Thank you for reading.
Cheers!
