Yahoo Finance ‘I’m not working a second job’: This mom on TikTok says $100K/year is the new $50K — but she won't work more than 40 hours/week. 3 ways to stretch your hard-earned dollar
A mom on TikTok has gone viral for her stance on getting a second job to survive as inflation burns holes in Americans’ bank accounts.
The TikTok creator by the name of @shayjo21, or simply Shay, posted a now-viral video with the caption: “$100,000 a year is the new $50,000 a year #fixitjesus.”
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In the clip — which has been viewed more than 1.7 million times and has amassed over 208,000 likes and 6,969 comments — Shay says “things out here are getting expensive.”
She goes on to list items impacted by inflation: “Grapes: $7, eggs: $5, homes: half a million dollars, cars: 40 grand (used — and it could be a Mazda, they don’t care).”
But one thing she makes adamantly clear is: “I don’t give a damn how expensive it gets, I’m not working a second job.” Shay says she’s “good until about 5:30” but then her “legs start buckling” and by 6 p.m., her “vision [is] blurry, can’t find my car."
“I can’t work two jobs,” she says. “So, whoever needs to fix it, please fix it. Because it’s to the point now where working 40 hours a week ain’t enough — but I’m going to make it enough.”
Shay’s stance resonated with thousands of TikTok users, with one commenting: “Clocking out then having to clock in somewhere else 30 minutes later is CRAZY,” while another quipped: “my vision is blurry at 9 a.m. baby!!!"
According to the U.S. Department of Labor, nearly 8.4 million people, or 5.2% of the workforce, held multiple jobs in October.
If your paycheck hasn’t kept up with the cost of living, here are three ways to stretch your hard-earned dollars without having to work crazy hours.
Make a budget (and stick to it)
One woman who commented in support of Shay’s video said she refused to sacrifice the time she has with her son by taking a second job. Instead, she said she’s “learning to live simple and stay on budget.”
Creating and sticking to a budget that breaks down your monthly income between necessities, wants and savings is a great way to get on top of your money. When you're tracking your spending every day, it's much easier to notice if you're picking up bad habits early.
If you want to stay on track, try to avoid common financial mistakes, like relying heavily on credit cards for purchases you can’t afford at the time or getting loans that you’ll struggle to pay back.
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Prioritize paying down debt
It may seem counterintuitive to prioritize paying down your debt when you’re struggling “to keep the damn lights on” — as one TikTok commenter put it — and survive the soaring cost of living.
But covering your debts is an important part of managing your money. If you rack up too much high-interest debt on your credit card or your car loan, you could fall behind on your payments, be subject to financial penalties, and your balance can quickly spiral out of control.
That can damage your credit score and leave you in poor standing if you need to borrow more money — which you may if your pay isn’t keeping up with inflation.
If high interest rates are the reason you’re struggling to stretch your paycheck, you may want to consider refinancing your loans to secure lower interest rates. For those who are dealing with multiple payments at different rates, you might be able to consolidate your debt into a single lower-interest loan.
Boost your income
There are multiple ways to supplement your income — without having to work over 40 hours a week. For instance, you could look for a new job that offers a higher pay rate, or you could ask for more responsibilities — but understand that this may require extra training for you to advance into a higher-paying position.
You could also earn some extra income by selling unused or unwanted items online — perhaps you have clothes or gadgets you can sell — but if you plan to start doing that this year, make sure you understand the new tax rules for selling items online.
Renting out some space, like a room in your home or even a parking spot, is another way to generate some cash flow. Or you could get a roommate to split some of your housing costs.
Most importantly, there are all kinds of ways to boost your income. But how you manage that money will determine if you’re able to keep up with — or at least get closer to — the inflation rate without having to take on a second job or a side hustle.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
