The Importance Of A Family Of Four Household Budgets On A Two Person New Mexico Minimum Wage

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The topic in which I am writing about is how to manage a family of four household budgets on a two-person New Mexico minimum wage income of $7.50 per hour. My paper has many purposes as to why I have written it, which will be listed and further explained throughout its entirety. The first purpose is to demonstrate the ways individuals have to seek out in both creating and maintaining a family budget. Secondly, is to show the difficulties that arise in keeping family household budgets and the temporary or permanent ways families find and have no other option to when trying to obtain just the basic necessities of life. Thirdly, is the purpose of explaining my views and beliefs further on the current federal definition of poverty? Lastly, is to provide my opinions on what the federal definition of poverty, what minimum wage should be, and give my possible solutions to help decrease poverty. The importance of my paper is to educate individuals on the hardships families who are living at poverty level in the U.S. face and that when a family is living paycheck to paycheck they cannot possibly rise in social classes or get off the government programs for which they are dependent upon. There are many different expense categories families can incorporate within their personal household budgets, some of which are represented in the four person family household budget I have created in this learning activity 4 assignment and some that are not used here but families have or

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