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I've known for quite a while that I was going to be getting laid off on August 1st. I've been fortunate enough to have the luxury of choosing what job I'm going to transition too.
Our current household income is roughly $7,000 take home a month, depending on overtime. We've gotten pretty used to this and have budgeted in a Roth and will have our debt all paid off except the mortgage by the end of August.
I'm also going to school full time, on my GI Bill, which is free. I'll finish my masters in economics in fall of '15, with a BS in econ and a BA in criminal justica administration.
I've been offered a job that will change our household income to roughly $10,000 take home a month, but I won't be able to keep going to school while I work.
I have two thoughts on this. First, it's more money than I'm going to make in the midwest with a MA in Economics, so why does school matter from that point of view. Then, I also look at that I have several friends with my same background who have been hired at a job that would change our household monthly take home to $15,500 a month, but I'm gone a week, home a week, rinse and repeat. I don't have kids, so that sounds great right now.
I want to finish my Masters, but I don't have a financially logical reason aside from that it's free so long as I finish it by 2025 - which obviously isn't pressing.
I feel like if I'm going to switch jobs into something that I can't go to school, then take the one that pays better until I have kids, then go back to school when I have kids. But even then... is it going to be possible to do with kids? Or should I just finish it now while I have the time and worry about money later?
Our current household income is roughly $7,000 take home a month, depending on overtime. We've gotten pretty used to this and have budgeted in a Roth and will have our debt all paid off except the mortgage by the end of August.
I'm also going to school full time, on my GI Bill, which is free. I'll finish my masters in economics in fall of '15, with a BS in econ and a BA in criminal justica administration.
I've been offered a job that will change our household income to roughly $10,000 take home a month, but I won't be able to keep going to school while I work.
I have two thoughts on this. First, it's more money than I'm going to make in the midwest with a MA in Economics, so why does school matter from that point of view. Then, I also look at that I have several friends with my same background who have been hired at a job that would change our household monthly take home to $15,500 a month, but I'm gone a week, home a week, rinse and repeat. I don't have kids, so that sounds great right now.
I want to finish my Masters, but I don't have a financially logical reason aside from that it's free so long as I finish it by 2025 - which obviously isn't pressing.
I feel like if I'm going to switch jobs into something that I can't go to school, then take the one that pays better until I have kids, then go back to school when I have kids. But even then... is it going to be possible to do with kids? Or should I just finish it now while I have the time and worry about money later?
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