Anonymous wrote:I had a similar situation when my kids were 3 and 5. I had an opportunity to go in house and go from 325k to 150k. I wanted to do it SO bad but also had a montage that was too high (3800) and similar living expenses. DH is a professor and makes 110k BUT does all the drop offs, pick ups, days off, and gets reduced summer hours and a sabatical every 7 years. In other words he wasn't moving. So I turned down that job but we made a 3 year plan. We lived SUPER lean, sent kids to our OK public and put everything we could on our mortgage. While we weren't able to pay it off we were able to pay it was down (to about 285k) and refinance and have a payment of 1650.00. Then I took a similar in house position (making a bit more, 182k) and we all lived happily ever after. My advice is to pick a date in the future and work towards it. We not only attacked our montage but paid off the last of our loans, our car note, and really let go of dry cleaning, lawn car, cleaning people, pea pod, etc etc. We felt way more flush when I actually switched to my low paying job and "the trial period" was over!
This is great advice. I was in a similar situation and having an exit plan made it bearable.
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