Reply to Why is it hard for some privileged people to realize that saving is hard?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Teachers are basically furloughed for 2 months and need to save to get themselves through the summer months. Many school systems don’t have 12 month pay options, only 10 month. It’s a bit different as it’s not a surprise, but considering the volatility of today’s government, fed workers should always put themselves in a position to be able to weather a shutdown. Of course saving is hard—but it is a skill that’s a necessity. [/quote]

What?! No. Feds make 68k on average and work year round. Not the same as teachers who are off for 2-3 months. [/quote]

Let’s see. In LCPS last year, I was off from about June 15 to about August 15. That’s two months. And we aren’t paid for that time. (We can have our salary spread out over 12 months instead of 10 though.)

We are contract employees and do not have that time factored in as “vacation.” [/quote] There are plenty of summer job opportunities for a teacher to add to their salary. [/quote]

I never understand the teacher argument.  Teachers get a salary for the job they do.  They work 10 months and are paid for the 10 months they work.  I work 12 months and am paid for 12 months.  What is the difference?

Teachers are allowed to find summer work if they want additional income or they can allocate their 10 month checks over 12 months if that makes sense for them.  You don’t even need the school district to do this for you, you can do it yourself.  Let’s say you get 20 checks over 10 months.  Employer deposits the checks.  Since it’s a salary, net pay should be the same each check.  Take the net pay * 20= annual spending money.  Now transfer 1/26th of that annual amount into a second account—that is your every 2 week “pay”.  Spend only from the second account.  Now you are “paid” year round.  This is just math and budgeting.[/quote]

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