We have a teacher who works at one of the local bars a few towns over. He only works on weekends, but he said he can make about half his annual salary in tips just from working during the summer and some weekends through the year. I really do think if you manage things well it can work, but you have to be smart and disciplined. I was looking at the healthcare portal the other day trying to figure out what my monthly hit would be like if I needed it. Looked like about $1200 per month for the top plan, but I wasn't sure if I was reading it right.
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I believe it. After the minimum wage was raised to $16 for servers here in the Twin Cities local businesses started adding a "convenience fee" of up to 21% to the restaurant bills in lieu of customers giving cash tips. This caused a lot of servers to have to divide up equal shares of those fees from the pool and declare everything they make to the IRS. Many of our friends in the industry said they were better off before. I don't believe this happens much outside of Minneapolis/St. Paul though.
$1.2k sounds about right for monthly premium for two. Ours is almost double that from the insurance marketplace. My wife will be eligible for Medicare in two years, I think, which will help out tremendously. She'll still need to carry some kind of supplemental policy but nothing close to what we're paying now.
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