• YouTube Twitter Instagram Facebook
  • Office Locations Contact Us
/ Categories: Department News

NMDWS launches financial budgeting tool to suite of career and employment resources

(Albuquerque, NM) – The New Mexico Department of Workforce Solutions’ (NMDWS), Economic Research & Analysis Bureau has developed a financial budgeting tool that estimates the minimum income needed for a person to cover their monthly living costs. The tool, known as Why I Work, allows individuals to customize their expenses and leads them into career exploration for occupations with a salary that will meet and cover their selected living costs.

Developed specifically with New Mexico’s youth in mind, but available and helpful for all New Mexicans, Why I Work helps users understand the basics of budgeting and educates them on realistic income expectations as they undertake the task of exploring career options and planning for the future.

In Why I Work (www.dws.state.nm.us/WhyIWork), each user walks through a simple process of selecting monthly expenditures using standard costs specific to their area or using customized amounts they input themselves. Based on those expenditures, an annual income is calculated to show how much the user would need to earn to cover their living costs. The tool then guides them towards the Career Solutions website (www.NMCareerSolutions.com) where they can learn more about occupations that pay a similar annual wage to the one calculated by the Why I Work tool.

Financial awareness goes hand-in-hand with career exploration. By understanding basic budgeting and aligning that understanding with data for occupations, New Mexicans are more equipped to make responsible and sustainable career and employment decisions for themselves and their families. Why I Work is a valuable addition to the NMDWS suite of career and employment resources.





Previous Article New Mexico approved and funded for Lost Wages Assistance Program
Next Article Up to $15,000 available to unemployed workers to reskill and upskill


  • Do you want to become an

    Applications Developer?

    Develop, create, and modify general computer applications software or specialized utility programs. Analyze user needs and develop software solutions. Design software or customize software for client use with the aim of optimizing operational efficiency.

  • Do you want to become a


    Assemble, install, alter, and repair pipelines or pipe systems that carry water, steam, air, or other liquids or gases. May install heating and cooling equipment and mechanical control systems.

  • Do you want to become an


    Raise, place, and unite iron or steel girders, columns, and other structural members to form completed structures or structural frameworks. May erect metal storage tanks and assemble prefabricated metal buildings.

  • Do you want to become an


    Perform preliminary work with the material and tools of the trade; residential and commercial rough wiring and finish work including the installation of various kinds of wires, cables, and conduits per the National Electrical Code; industrial lighting and service installation; motors controls and installation including emergency generators, relays, and timing devices.

Can't find what you're looking for?

Contact us and we'll do our best to answer your questions.