Rob West

The Cost of Work

November 28, 2020
00:00 0

Have you ever wondered how much money it costs you to work outside the home? We always view work as what gets us paid, but how much do we pay to work? In order to decide whether or not to work, you need to know how much you’re really spending to bring home a paycheck. Today, host Rob West and Steve Moore talk about the importance of knowing your actual take-home pay and making wise decisions about your work.


·      A big factor of going to work is the paycheck for many people, but the paycheck doesn’t always have to be the deciding factor.


·      The first thing you have to decide is how you will get to work. If you choose to go by car, you have to consider the cost of gas, insurance, and vehicle registration. 


·      It costs money to look professional. You have to have clothing that’s appropriate for your job, so you have to take the cost of that clothing into account.


·      The cost of childcare takes a big bite out of your paycheck, and that’s a consistent expense that has to be paid.


·      There are many other smaller costs, however, that all add up and take quite the chunk out of your paycheck.


·      Knowing how much work is costing you may motivate you to ask for a raise you deserve or it may show you that it’s not worth it to keep that job.


·      The most important thing is that you are making an informed decision when it comes to working.


Here are a couple of questions we answered from our callers on today’s program:


·      My wife and I are looking to buy a house and she wants to pay it off in about 5 or 6 years. How do we figure out what our monthly payments should be to achieve that? (Rob suggests using a mortgage calculator on


·      My son and his wife are living in an apartment in Colorado and they can’t afford a down payment on a house. My husband and I want to retire near them in 7 years. Is it a reasonable idea to take money out of my husband’s 401(k) now to make a down payment on a house where they could live rent-free until we move there?


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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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