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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 was laid off from his job where he was on a 70% salary 30% commission 2 summers ago. He found a new job fast, but the new position was flip flopped, so 70 commission 30 salary. I worked very part time as a music teacher. They gave him a 3 month guarantee, which in hindsight was not long enough to really get things going. What made things ok for us was that he was still getting severance for awhile. It is overall much harder. Now, at 1.5 year point, the commissions are really starting to roll in. I had started to wonder if it was really going to pan out the way they painted it though. His prospects for income now are so much higher than at his last job though. I will say, we are learning that we really need to budget differently, it is hard to plan as things come in windfalls. One month, 13K commission, the next, nada. What will make this manageable for us though, and less stressful is that I am returning to full time work next Fall. I just got an early hire contract yesterday for FCPS. Having one stable, regular income will really help us feel really comfortable with the ups and downs of his pay. We could never live on my salary, but it is stable, and will be that buffer we need for when we only get his piddly salary checks.[/quote]
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