justme
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Post by justme on Jan 1, 2015 22:53:21 GMT -5
School is 5 days a week. You're currently working 2-3 but want to go to 3-4. I know you said your retired mother was a teacher and can pitch hit for you, but what if something happens to her?? Or she decides she wants to travel in her retirement. So considering you'd have to cut your work days anywhere from 1 to 2 days you could be talking about cutting your income in half when you start homeschooling. So yea, it has to do with finances.
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justme
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Post by justme on Jan 1, 2015 22:55:05 GMT -5
I found freelancing while homeschooling elementary school to not be too difficult. I did freelance from home. Around middle school it actually becomes worse. I'm glad I'm not working right now. Keeping up with geometry, biology, chemisty, advanced algebra/trig, literature, etc is enough for me, not to mention the driving kids around.. That should lesson in the next year as older kid can drive. I could do it, but I'm glad I don't have to at this point. Most of my homeschool friends who work part time have younger kids. I'm not saying it isn't doable, but does take some coordination. This is why I asked. She's talking about raking in the hours. Maybe I can't remember what her H's plan is. But I was trying to figure out if SHE was homeschooling how she was also going to work FT + OT AOTT. Husband is getting his MLIS? Or whatever the acronym for is masters in library stuff. She said they're expecting 70k. Also that she'd be willing to follow where he gets a job. But I wonder whether her mom would also be following them as if she doesn't they will suddenly have to pay for childcare.
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Deleted
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Post by Deleted on Jan 1, 2015 22:59:09 GMT -5
Well, schooling doesn't have to be 5 days a week. Kids do need to generally be doing something 7 days a week though, and activities for school age kids are harder to find once they are school age and not in school (if that makes sense), ie most childcare is not set up to take older kids. But 3 adults definitely helps the situation, as you say so long as gma is willing and able.
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Plain Old Petunia
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Post by Plain Old Petunia on Jan 1, 2015 23:58:49 GMT -5
I looked over January 2014's bank statement. I seems I spent almost $600 on amazon.com, $200.00 on entertainment, $700.00 on groceries, and $100.00 eating out, among other things. I don't have any idea what I purchased on Amazon, probably a lot of kindle books and such. I also spent a lot of money at GAP and Kohls for DD clothes. Looking at our numbers, I am in the process of finding ways to cut these back and put more into savings. For me, the best way to put money into savings is to set up an automatic transfer and treat it like a bill. Save first, live on what's left. (And I count extra debt payments as "savings"). Set your goals. Make the savings/investing/debt repayment automatic. Include temporary savings for irregular expenses (car repairs, gifts, etc.) Don't take on new debt while you are whittling away the old. Pay for what you must have (like groceries and gasoline), spend what is left however you like. Try to spend thoughtfully. Don't fritter away money on things which aren't all that important to you; spend your discretionary dollars on what you really want.
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Plain Old Petunia
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bloom where you are planted
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Post by Plain Old Petunia on Jan 2, 2015 0:04:51 GMT -5
Actually, playing with some retirement calculators has shown me that we aren't that far off track. Assuming I start this month, and markets perform at average, we'll be above our retirement needs, if they perform below average, we will still be almost there. We don't plan to have a mortgage in our retirement, and we also won't be socking away money for retirement and college and raising a kid, so there's that. Thanks OPed, I had been hesitant to look at the calculators. But it looks like we're alright. That's great. I suggest that once your budget is up and running, you take a look at your retirement account investment choices. Make sure that you have a reasonable asset allocation plan and that you are keeping investment costs low. Make sure your retirement dollars are working as hard as they can.
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Deleted
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Post by Deleted on Jan 2, 2015 0:09:52 GMT -5
Snowflake schooling - New word of the year nomination #1 for 2015.
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Deleted
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Post by Deleted on Jan 2, 2015 0:12:30 GMT -5
Start a thread Shasta!
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Plain Old Petunia
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Post by Plain Old Petunia on Jan 2, 2015 0:31:58 GMT -5
I'm disappointed that the OP spent time "investigating" other posters. What I will say as a long time poster is that everyone here is trying to learn something. No one claims they're perfect (well, except maybe Archie ) and many have been where you've been (myself included). I'm still in the doldrums of paying off debts and I've learned a ton from this board. Some feedback is hard to hear, hard to digest and hard to implement, but it has been incredibly useful to me. I'd suggest OP invests her energy in working on her own improvement plan and not attacking posters who are trying to help. She's new to these forums and reading other threads. She's reading posts which people have voluntarily chosen to publish. On a message board forum which anyone may join. She's not poking into anyone's private business.
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Jaguar
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Post by Jaguar on Jan 2, 2015 0:37:51 GMT -5
Can everyone re-frame from making Doxie comparison's towards Wonderland.
Sugilite - Moderator
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whoisjohngalt
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Post by whoisjohngalt on Jan 2, 2015 2:17:46 GMT -5
OK, so I read the entire thread (I really do need to get a life and get a job!) So....I don't think OP has a "money" problem at all. She is young, and for now able to work, so she can probably take care of her debt within a year - which is really not that bad. But if she doesn't want to get into debt again, I would be spending money on a shrink bc 1) there is obviously some kind of underlying issue that created all this mess and 2) it is very naive to think that anxiety will not come back just bc there haven't been any panic attacks in 6 months, so that should be addressed as well. Also, one other thing that kind of jumped at me - husband's "agreement" to get a master's in library science. It doesn't sounds like he really wanted it, but had to pick something. Things like that don't usually work out very well bc if someone gets a degree or goes into a profession that is the lesser of two/three evils, I can't imagine them being too successful at it. Anywhooo.....I am going to go now and add up all the money I spent on homeschooling in the last few years And my oldest is only in 1st grade!
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zibazinski
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Post by zibazinski on Jan 2, 2015 6:09:07 GMT -5
I don't see that much comparison to a former poster. OP realizes things aren't the way she wants them. Huge step to begin with. She's taken what advice works for her which makes sense for her situation. Hopefully her husband gets a job if not, they're okay anyway. At least he's working. Not whining about "the man." I bet within a year a lot of debt is paid and she will only improve with time. As far as healthcare, DD is in it and because there's a shortage, which will get worse, of doctors, nurses , nurse practioners, and PA"s will be doing the job. My only concern for her is that she gets hurt or sick. Otherwise she's fine . But I very much second, third, whatever the counseling.
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resolution
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Post by resolution on Jan 2, 2015 7:50:30 GMT -5
She should be fine as long as she makes some minor habit changes. Main thing is to put the money into retirement and long term savings up front and then the rest is available to spend. As long as she starts contributions now she has plenty of time to build wealth before retirement. The debt can be paid off slowly as long as the investing begins right away.
We all have our vices and if she wants to end up with 50 pairs of shoes for a toddler, it shouldn't make a big difference in the long run. She just needs to save first and limit the purchases to what is left after the bills are paid. You would all be appalled if you knew what I spend on video games and rebuilding computers.
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wonderland
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Post by wonderland on Jan 2, 2015 8:01:01 GMT -5
Johngalt- I had therapy for the anxiety, plus my hormones are not all out of whack from childbirth and breastfeeding. I don't need therapy anymore, I am fine, truly, but I appreciate the concern.
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Deleted
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Post by Deleted on Jan 2, 2015 9:53:06 GMT -5
How long does husband have to work with current employer after they pay tuition reimbursement?
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whoisjohngalt
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Post by whoisjohngalt on Jan 2, 2015 10:00:23 GMT -5
OK, so I read the entire thread (I really do need to get a life and get a job!) So....I don't think OP has a "money" problem at all. She is young, and for now able to work, so she can probably take care of her debt within a year - which is really not that bad. But if she doesn't want to get into debt again, I would be spending money on a shrink bc 1) there is obviously some kind of underlying issue that created all this mess and 2) it is very naive to think that anxiety will not come back just bc there haven't been any panic attacks in 6 months, so that should be addressed as well. Also, one other thing that kind of jumped at me - husband's "agreement" to get a master's in library science. It doesn't sounds like he really wanted it, but had to pick something. Things like that don't usually work out very well bc if someone gets a degree or goes into a profession that is the lesser of two/three evils, I can't imagine them being too successful at it.Anywhooo.....I am going to go now and add up all the money I spent on homeschooling in the last few years And my oldest is only in 1st grade! this isn't what most people do? I don't know.....I got super lucky that I actually really enjoyed what I did and it certainly wasn't my first choice. Getting BS in psychology was my first choice. But I know a good number of people who were talked into getting more "sensible" degree and they either never really did anything with it or were resentful. So, if you take someone who is not that motivated to do anything in the first place and "strongly suggest" that he gets a certain degree - I just don't see a high success rate with it. I could be wrong, I've been wrong before
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whoisjohngalt
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Post by whoisjohngalt on Jan 2, 2015 10:11:18 GMT -5
But it was YOU who decided to do it.
It sounds like OP kinda "made" her husband do it bc she wants him to earn more money.
Big difference.
All I am saying is that I wouldn't be betting on his increased income as any kind of sure thing
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Wisconsin Beth
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Post by Wisconsin Beth on Jan 2, 2015 10:40:01 GMT -5
I think she was talking about me being the only person who admitted that they have maxed out credit cards. If it makes you feel better that was over a decade ago, the credit cards had limits of $200-$500, and I pay them off every month now. I'm with Oped in that I tend to think your situation is more critical than some of the posters do. Some of that is because of the space I'm in and what I've experienced. The mother of one of DS' buddies is dying and will leave two small children. DH has been been diagnosed with a pretty rare disease that is expensive and has a good chance of disabling him. I just broke my ankle and a tooth so there's the medical cost, the cost of hiring help for me until I'm walking again. Ooh I posted in that thread, too. Maybe it's me? I also think it's borderline critical, too. I don't understand the homeschooling thing. Isn't that a full time job? How does one do that if they aren't splitting shifts? Maybe they are and I missed it. Otherwise one of them will be unemployed, no? I don't get that either. I'm about 95% sure that oped homeschools and works 3/4 time so I'm guessing that I'm missing something. All I know is I, personally, am not built to homeschool and neither is DH. Nevermind, this has been covered.
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Wisconsin Beth
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Post by Wisconsin Beth on Jan 2, 2015 10:50:02 GMT -5
This is why I asked. She's talking about raking in the hours. Maybe I can't remember what her H's plan is. But I was trying to figure out if SHE was homeschooling how she was also going to work FT + OT AOTT. Husband is getting his MLIS? Or whatever the acronym for is masters in library stuff. She said they're expecting 70k. Also that she'd be willing to follow where he gets a job. But I wonder whether her mom would also be following them as if she doesn't they will suddenly have to pay for childcare. My Dad had a stroke when my son was 5 weeks old. I had something like 7-8 weeks to find day care for 2 kids under the age of 2. It's awesome to have parents willing and able to provide day care. But it's damn scary to be scrambling to find day care when you're also panicking over whether or not your parent is going to live and not having a clue where the money is going to come from.
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Deleted
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Post by Deleted on Jan 2, 2015 12:04:33 GMT -5
I don't work, technically .. I mean, right now I'm doing the end of year transmittals, w2s, etc for husband's business. I keep those books and do the marketing, etc. but that's in my 'spare time'. I also do things like help run our homeschool group which, if I did need to work, I'm sure I could let go and still maintain. However, with the work load the kids have, even though we don't 'do school' every day, I am glad for the flexibility to not have to work outside the house during these years. I found middle school to be especially busy with running kids everywhere and right now subject matter requires more of me than it used to, and the whole plotting how to get them into college thing .
When I talk about planning early and being more attentive to how you spend and save early it is because of the OPTIONS it offers you... the very flexibility that I treasure so much. It means I have safety and security PLUS choices.
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muttleynfelix
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Post by muttleynfelix on Jan 2, 2015 14:28:43 GMT -5
Finally, I got through it all. I'm not sure I have any advice than what has been said, but talking about AGD. My nieces had to buy their own. But my mom has been making clothes for them. My sister's youngest posted a couple pics on facebook of her AGD all dressed up.
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milee
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Post by milee on Jan 2, 2015 14:30:02 GMT -5
I'm going to have nightmares about that thing. Thanks, muttley.
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Deleted
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Post by Deleted on Jan 2, 2015 14:35:20 GMT -5
Poor milee with no little girls I think we should send her a doll just so she doesn't feel left out
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muttleynfelix
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Post by muttleynfelix on Jan 2, 2015 14:37:51 GMT -5
On a more serious note, I do hope the OP takes this wakeup call seriously. I am forever thankful that we had our wakeup call BEFORE DH's health problems kicked it. Even though our day-to-day finances could use work. Long term, we are in great shape because we got our retirement in order. It took about 7 years, but now I look at that number and I can feel a little bit more relaxed about the long term possibilities. As for everything else, well I'm doing a birthday party for both my kids in 2 weeks and plan on spending about $100. They just want to have fun with their friends. Well DS does anyway. He'll be 5 on his birthday on the 21st. DD will be 2 next week. While traveling/vacations can still be a priority, I would probably try to find some things to do cheaply to meet that need. We took the kids to the beach last year and their favorite parts were the parks. I would just caution the OP that the sudden uptick in hours and sudden decrease in spending may not be sustainable long term. The goal is to find what you can do long term. When we had CC debt, we did tighten our belts to knock it out very quickly. But we knew it wasn't sustainable long term. Our debt came from not having much of a plan when it came to our new house. Once we had more of plan, it became easier to rein ourselves in.
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muttleynfelix
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Post by muttleynfelix on Jan 2, 2015 14:38:39 GMT -5
I'm going to have nightmares about that thing. Thanks, muttley.
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milee
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Post by milee on Jan 2, 2015 14:47:36 GMT -5
Poor milee with no little girls I think we should send her a doll just so she doesn't feel left out If I started getting things like that in the mail, I'd think a serial killer was stalking me.
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Wisconsin Beth
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Post by Wisconsin Beth on Jan 2, 2015 14:52:28 GMT -5
Poor milee with no little girls I think we should send her a doll just so she doesn't feel left out If I started getting things like that in the mail, I'd think a serial killer was stalking me. Didn't Criminal Minds or CSI (or all of them)do an episode with dolls?
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giramomma
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Post by giramomma on Jan 2, 2015 15:25:16 GMT -5
I had also thought librarian was an oft cut job from schools and such, and that glutted the market with qualified and out of work librarians? A MLIS is not just for librarians anymore. I won't dig up that post. With a MLIS you can work in records management, data management, archiving, risk management, information governance. I could also see asset management (both physical and digital) Then there's private business libraries, college libraries, public libraries. We haven't even gotten to publishers yet. Most of them all deal with copyrights. So, tons of options and actually one that I was considering. And I have no desire to work in a library.
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giramomma
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Post by giramomma on Jan 2, 2015 15:26:59 GMT -5
When I talk about planning early and being more attentive to how you spend and save early it is because of the OPTIONS it offers you... the very flexibility that I treasure so much. It means I have safety and security PLUS choices. Also about a million times. I can deal with anything as long as I have choices. Once choices are taken away from me...and I'm in a corner...it's not good.
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Chocolate Lover
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Post by Chocolate Lover on Jan 2, 2015 15:34:07 GMT -5
If I started getting things like that in the mail, I'd think a serial killer was stalking me. Didn't Criminal Minds or CSI (or all of them)do an episode with dolls? I remember CM doing a "living dolls" episode. One of my DD's favorites. (She takes after her mother, what can I say?) Very creepy though.
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HoneyBBQ
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Post by HoneyBBQ on Jan 2, 2015 16:03:39 GMT -5
When I talk about planning early and being more attentive to how you spend and save early it is because of the OPTIONS it offers you... the very flexibility that I treasure so much. It means I have safety and security PLUS choices. Also about a million times. I can deal with anything as long as I have choices. Once choices are taken away from me...and I'm in a corner...it's not good. Nobody puts baby in the corner.
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