Well, I just got let go...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know lawyers that are up to their eyeballs in debt and live paycheck to paycheck. I'm sure she wishes she had some notice, too.

If someone is in debt, than they don't have the means to support an employee.

I have a mortgage. Does that mean we shouldn't have a nanny? What about if we have a car payment? Or student loans? Oh wait...I have all three of those, and we have employed nannies for six years. Guess I should not have created that job for the past six years seeing as how I have debt.

You would probably have to do the same to your nanny were you in a similar situation because of your debt. Not saying you shouldn't have created the job, but if I had a bunch of different sources of debt, I'd probably focus my money on paying that off not choosing the most expensive form of childcare.

[Anonymous]

Anonymous wrote:16:46 - stop already

She/he's right.

[Anonymous]

I really hate the anti-boss sentiment on this board. I get it if it is something ridiculous, but some of you act like bosses can never do anything right!!!!

Btw not an MB.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What's your issue with filing for unemployment? This is what it is for.

The money does not come directly from your former employers.

Because where I live people who are unemployed are looked down on as lazy "Welfare Queens".

How will they know you are receiving unemployment? Please get what you are entitled to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know lawyers that are up to their eyeballs in debt and live paycheck to paycheck. I'm sure she wishes she had some notice, too.

If someone is in debt, than they don't have the means to support an employee.

I have a mortgage. Does that mean we shouldn't have a nanny? What about if we have a car payment? Or student loans? Oh wait...I have all three of those, and we have employed nannies for six years. Guess I should not have created that job for the past six years seeing as how I have debt.

You would probably have to do the same to your nanny were you in a similar situation because of your debt. Not saying you shouldn't have created the job, but if I had a bunch of different sources of debt, I'd probably focus my money on paying that off not choosing the most expensive form of childcare.

Economies of scale - multiple kids means nanny is as cost effective as daycare. Financial advisor counseled us to keep rather than pay off the student loan debt considering it is locked in at historically low rates. Car loan is same. Sometimes debt makes sense if it allows you to use other cash for more productive purposes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know lawyers that are up to their eyeballs in debt and live paycheck to paycheck. I'm sure she wishes she had some notice, too.

If someone is in debt, than they don't have the means to support an employee.

I have a mortgage. Does that mean we shouldn't have a nanny? What about if we have a car payment? Or student loans? Oh wait...I have all three of those, and we have employed nannies for six years. Guess I should not have created that job for the past six years seeing as how I have debt.

You would probably have to do the same to your nanny were you in a similar situation because of your debt. Not saying you shouldn't have created the job, but if I had a bunch of different sources of debt, I'd probably focus my money on paying that off not choosing the most expensive form of childcare.

Economies of scale - multiple kids means nanny is as cost effective as daycare. Financial advisor counseled us to keep rather than pay off the student loan debt considering it is locked in at historically low rates. Car loan is same. Sometimes debt makes sense if it allows you to use other cash for more productive purposes.

Like keeping full-time employment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know lawyers that are up to their eyeballs in debt and live paycheck to paycheck. I'm sure she wishes she had some notice, too.

If someone is in debt, than they don't have the means to support an employee.

I have a mortgage. Does that mean we shouldn't have a nanny? What about if we have a car payment? Or student loans? Oh wait...I have all three of those, and we have employed nannies for six years. Guess I should not have created that job for the past six years seeing as how I have debt.

No, but if you aren't financially stable enough to keep a house employee, then send your kids to daycare.

[Anonymous]

Oh for the love of...

An employer who can afford a household employee so long as s/he retains his/her OWN employment is doing nothing wrong. I would have to make a lot of adjustments to my standard of living if I lost my job and didn't foresee a new one being easily attainable, it's no crime to carry a little debt (in most instances it is preferable than draining your savings to pay it off).

OP, I'm really sorry for you, but I don't think your MB did anything wrong. She's probably scared and stressed and is doing the best she can by trying to help you find a new position and I'm sure you can count on her reference to be glowing. Take it on the chin, thank her for her help (and hold her to it - ask her to spread your name around to her friends and former colleagues), and if you need to file for unemployment, do so. We all pay taxes for exactly this reason: so when we need help, we can access it. It's not a point of shame. Assuming you've been working legally for a while, this is what all those withholdings were for. Well, this and SS (hopefully).

Good luck!

[Anonymous]

1807,.could you maintain your life the exact same way if you or a partner if you have one lost their jobs? DH and I dont have much debt, but if one of us lost our jobs we would have to do some budgeting.

[Anonymous]

16:57 here, and yes I can say with confidence that a loss of mine or my husband's income would not greatly affect our standard of living as we carry very little debt aside from the mortgage and save almost my entire income.

[Anonymous]

Anonymous wrote:1807,.could you maintain your life the exact same way if you or a partner if you have one lost their jobs? DH and I dont have much debt, but if one of us lost our jobs we would have to do some budgeting.

Nope, but it would only affect my family. I'm not going to do the same to someone else just because I can't keep my finances straight.

[Anonymous]

I am so appalled that people think a change in an employer's financial circumstances (ESPECIALLY the loss of a job!) is equivalent to "not keeping their finances straight."

Shame on all of you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What's your issue with filing for unemployment? This is what it is for.

The money does not come directly from your former employers.

Because where I live people who are unemployed are looked down on as lazy "Welfare Queens".

You can starve to death on false pride. Unemployment compensation is to help you while you look for unemployment. You earned this so take advantage.

[Anonymous]

Anonymous wrote:I am so appalled that people think a change in an employer's financial circumstances (ESPECIALLY the loss of a job!) is equivalent to "not keeping their finances straight."

Shame on all of you.

OP's MB couldn't even pay OP for the remainder of the week. If she is this broke, her finances were beyond shambles. Shame on her.

[Anonymous]

OP, your MB was wrong to not pay you for the remainder of the week. I'm sure she got a severance, why is it any different for nannies? If you don't see yourself employed with a new family within a week or two, file for unemployment. That's what it's for. Sorry about your job. I was laid off once due to financial reasons and they at least had the decency to pay me a small severance.