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Her money comes to you through PRX. Hey it's Jean Chatsky. Welcome to Her Money. So funny story for all of you. As you know if you've been listening to this show, my son Jake is out

of college and on his own he's moved to LA, he's got his first job and he got his first paycheck. So this was the exchange that we had when he got that first paycheck. He called and he was all excited, mom I got paid.

I said, that's terrific, great.

He's been all interested in trying to figure out a budget

so that he can make sure that he lives within that paycheck. He has lived with me long enough and clearly

has absorbed enough of the Kool-Aid that he knows that this is an important thing to do. But

before he even got there he said you

know what sucks I said what he said taxes taxes can you remember getting that first paycheck and thinking and I remember this so clearly.

I was working, selling sneakers at Kelly Mike's Sporting goods in Wheeling, West Virginia.

I would fit sneakers and sell sweat pants.

And I remember the first time I got paid, I had done this tabulation in my head of minimum wage, which I don't even remember what it was at the time, like $2.35 an hour,

figuring out how much that paycheck would be when it actually got into my hands two weeks down the road based on the

number of hours that I'd been there and I got it and I took it home and I showed it

to my dad and I was like what is up with this? And he said taxes.

Taxes are one of those experiences that you know that the first time any person anywhere

anytime gets paid they're gonna look at that and they're just gonna think what

happened to all of my money. So I had that experience with Jake and I

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