10/22/2014

Money Has Wings - Other Deductions

Yesterday we looked at the employer paid benefit premiums that can suck money off your pay cheque without you even realizing it.  Today I want to  look at some of the other deductions.

Jordan

  • $15/month for social club
I'm sure there would be a way out of this if we needed to - but this is money that goes to team lunches, coffee, and other events in the shop.  For the fuss it would cause to not pay it (and then to not participate in activities) I won't even ask Jordan look into it.

Jessie
  • $35/month for parking
  • $288.46/month for pension
  • $150/month purchasing shares at work
I think we would all agree to leave my pension alone - so I'll do that.  For parking in my city, $35 is SUPER cheap (some people pay $$$'s).  I could look at transit, but the costs in time and money would far exceed the cost for parking.  Also, I hate transit.  

Then we come to my shares.

If I someday want to become a senior owner of the organisation I will need to have purchased a certain amount of shares.  It is a significant part of our culture here to invest in the company.  The shares are a good value, and are not publicly traded.  I consider this savings as part of our long-term retirement planning/saving.

So...I'm not going to cancel any of these things - but I think it's important to look at every now and again to make sure that you're aware of and comfortable with your employer dedications. 

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