McDonald's tells workers how to budget

Published On: Jul 16 2013 10:50:30 AM EDT

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.

Comments

The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus