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Reply to "If you or your spouse switched from salary to commission - tell me about it"
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[quote=Anonymous]My DH earns on commission, or as he says "I eat what I kill." It causes me stress. My advice is only do it if you can arrange your family budget so your family can live on your salary alone. And as the salary earner in the family, you must never stop working. So if you daydream of staying home with the kids, you gotta let that go. My kids are older now so I'm OK with working and I feel more and more at peace with my DH's commission job. There will be delays, and ups and downs, in his pay, making it difficult to plan your finances, or applying for a mortgage. Only do it if you and he are big savers because you need to keep a big cushion in the bank. Let's say he does well in the new position and increases his earnings. My advice is to save it all, do not increase your spending. Don't think that the big pay days are the new norm. They will fade at times. You want to be able to weather those times and hang in there for the next wave of big commissions. Each wave means that some people quit commission work and if your DH sticks with it, he will be in a position to make bigger bucks because he has the clients already lined up and he's learned from watching others' mistakes. [/quote]
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