Money Talks July 2021 | Stephanie Garcia

My Paycheck Vs. My Paycheck After Deductions

Imagine opening up a box of Gansitos only to find it’s filled with Twinkies! 😭It’s kinda like knowing what your salary is before taxes and then opening up your paycheck to see how much you actually get to deposit. 🥴

Gross income is the total income💵 you earn on your paycheck, the number that looks as good as your favorite childhood treat.🤤 And net income is the amount you receive after taxes and deductions.📉 Let’s just say it can be as disappointing as vanilla filling in vanilla cake.

While your sweet tooth🦷 might not be satisfied with a Twinkie, 👎your savings account can still get full on your after taxed paycheck. It just takes some financial savviness, through things like budgeting, cutting expenses and investing.✍️ Maybe even thinking outside the (Gansitos) box a little.💁‍♂️

SUMA wants to help make your wealth building journey as enjoyable as biting into un sabroso snack cake. 🤤 That’s why we offer courses and bootcamps through SUMA Academy.

For more info or 📲 text HOLA to 323-629-8732 for financial tips straight to your phone.