Working parents- would I be crazy to consider this?

[Anonymous]

Anonymous wrote:$45k for the 3 month contract.

Keep in mind this is what you will gross. After taxes will be quite a bit less depending on your circumstances. So I can't imagine you'll be redoing your kitchen with just this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$45k for the 3 month contract.

Keep in mind this is what you will gross. After taxes will be quite a bit less depending on your circumstances. So I can't imagine you'll be redoing your kitchen with just this.

+1

Consider the taxes. And now, I wouldn't do it. You have moved on to another job and another stage of life and it's not like you are getting this money for free, there is actual work involved.

[Anonymous]

Gosh I’ll take that job in a heartbeat! But I am an almost empty nester and totally need weekend help when I had two infants and a toddler! I would love taking care of ( one) baby again!!

[Anonymous]

I would probably do it. three months is such a short amount of time and your kids won't remember it. They will have that extra 529 money forever and it could make a material difference in their student loans.

[Anonymous]

Under the table, self employed 1099, or as employee of family?

[Anonymous]

Nope. I’d instead focus on earning more than $90k. That’s the real problem.

[Anonymous]

Can you use the summer to interview for job with more pay/upward trajectory?

[Anonymous]

Anonymous wrote:Can you use the summer to interview for job with more pay/upward trajectory?

This. It seems like you have more to earning potential. I’d try to capitalize on that. Move from $90k to at least $120-150k.

[Anonymous]

What is the personal cost to you from missing the time with your kids? What is the thing you will *actually* do with the $30K or so you get from this (not what you could do, pick the most meaningful allocation of the funds)? If it were me, it would mean two or three fun international vacations with the four of us, and I would absolutely give up a summer full of weekends for those few weeks of memory-making experiences.

[Anonymous]

I would not. The take home from 45K is not worth it to me. You'll be exhausted traveling domestically and internationally every weekend and taking care of a baby and then coming home and trying to squeeze in time with your kids and your husband between your full time job. I think I may feel differently if you were doing a regular nanny job on the weekends vs this job being offered.

But that is me. I know I'd 100% burn out and I'd be depressed missing quality time with my kids and husband.

[Anonymous]

I'd do it- it's only for 3 months. But I'm the kind of person who signs up for almost every OT opportunity at work.

[Anonymous]

Anonymous wrote:What is the personal cost to you from missing the time with your kids? What is the thing you will *actually* do with the $30K or so you get from this (not what you could do, pick the most meaningful allocation of the funds)? If it were me, it would mean two or three fun international vacations with the four of us, and I would absolutely give up a summer full of weekends for those few weeks of memory-making experiences.

OP suggested she’d put the $30k into a 529. According to an online calculator, that would grow to ~$90k by the time OP’s kids are in college absent any other savings at all. Personally, I would miss out on 3 months of my kid’s toddlerhood if it meant I could provide her with a college education almost debt free but obviously this calculus is different for everyone.

[Anonymous]

I’d negotiate for a flat $60k and do it. They must be desperate since summer already started.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you need the $? Would you resent this about 2 weeks in when you're missing the summer with your kids. Also travel? Will someone be home with your kids?

We don't necessarily NEED the money to cover bills or anything, but we've been living in our house for 8 years with the original 1963 kitchen and this contract could literally provide me a new kitchen in 3 months. If not a kitchen, it would be a huge asset to the kids' 529s and retirement savings.

This would be a major motivator for me. If your own kids are well-adjusted and your partner is fully on board I'd go for it.

Me too, assuming the family is nice and you set expectations for emergency situations. I think it sounds like a great opportunity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is the personal cost to you from missing the time with your kids? What is the thing you will *actually* do with the $30K or so you get from this (not what you could do, pick the most meaningful allocation of the funds)? If it were me, it would mean two or three fun international vacations with the four of us, and I would absolutely give up a summer full of weekends for those few weeks of memory-making experiences.

OP suggested she’d put the $30k into a 529. According to an online calculator, that would grow to ~$90k by the time OP’s kids are in college absent any other savings at all. Personally, I would miss out on 3 months of my kid’s toddlerhood if it meant I could provide her with a college education almost debt free but obviously this calculus is different for everyone.

PP. Yes, but she also mooted a new kitchen and retirement as options. This can be a cognitive pitfall. The cumulative advantages of the three options is better than any one in isolation, but you only get to choose one. So OP can pick the current favorite and see if it’s better than what she gives up. One can always change one’s mind about spending afterwards, I’m just suggesting comparing the cost-benefit with only one concrete option.