Madison
54° F
Partly Cloudy
Partly Cloudy
Advertisement

McDonald's tells workers how to budget

Published On: Jul 16 2013 09:50:30 AM CDT
McDonalds 2

McDonald's tries to show employees how to budget -- and, some say, fails miserably.

A new website by Visa and the fast-food giant was meant to help low-wage workers better manage their hard-earned money, offering advice on everything from tracking spending to setting financial goals.

But critics say there are a number of flaws.

First of all, the sample budget offered by the site includes $0 for heating bills and even suggests getting a second job, according to Yahoo! Finance.

Rental costs? The McDonald's budget sets aside about $600 a month.

Low Pay is Not OK, a U.S. workers' rights group, called the budget advice "unbelievable."

A video making fun of the site called "McBudgeting" said workers would have to make $15 an hour before taxes to make the sample budget work.

Most workers at McDonald's and other fast-food chains make $7.25 an hour -- the federal minimum wage.

Advertisement
  • Marysville Pilchuck school shooting 4

    KOMO

    2 dead in school shooting near Seattle, sources say

    A school shooting has been reported at Marysville-Pilchuck High School in Marysville, Washington, about 35 miles north of Seattle.

  • Craig Spencer

    America's Ebola patients

    An American doctor who was working with Ebola patients in Guinea was been diagnosed with the disease after returning to New York. Learn more about him and America's other Ebola victims.

  • Hot peppers

    Karimala/iStock

    Notable food recalls

    A North Carolina producer of peppers and hot sauces is voluntarily recalling 6,215 pounds of fresh serrano chili peppers because some tested positive for salmonella. Here are other notable food recalls that made headlines.

  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement