Which job?

posted 3 years ago in Career
Post # 2
Member
4483 posts
Honey bee
  • Wedding: April 2015

How would each job affect your childcare costs? That can easily add up if you’re gone 12 hours (10 hour days plus 2 hour commuting)

Post # 3
Member
1202 posts
Bumble bee
  • Wedding: March 2014

That is really, really tough.  Financially, it makes most sense to let your SO take over a lot of the childcare so you can get an 11,000$ raise.  A 30% raise is a big thing.  And a job with more responsbility will look better on your resume and be a stepping stone to even better things.  2 years from now, you can look for an even higher paying job.  If your FI doesn’t have any upcoming job prospects, this is how your mortage is going to get paid now and in the future.

But that sounds completely emotionally draining and incredibly stressful.  If you’re home more often, you have more time with your children, more time with your SO, more time to cut costs in other areas of your life, more time to pick up odd jobs here and there.  Good luck to you.  Either way you choose, you have a job straight after graduation and that is a big accomplishment.      

Post # 4
Member
234 posts
Helper bee

habibti:  I’m not sure if I did my math right, but from what I calculated it would take 4 days of the week to pay off the amount you spent in gas money… leaving only one days worth of work extra that you’d earn. You might want to calculate your expenses out that way, but to me it seems like the closer to home job might be the best option for now, and you can keep looking.

Post # 5
Member
103 posts
Blushing bee

Job 1.  I’m not sure 11k is worth the cons that come with Job 2.  I feel like the characteristics of Job 1 would lead to a happier you, if that makes sense.

  • This reply was modified 2 years, 9 months ago by  Legion.
Post # 6
Member
1464 posts
Bumble bee
  • Wedding: November 2013

I can’t offer advice, but I wanted to offer a huge congrats for getting 2 job offers out of college. The market is awful, that is an awesome achievement in and of itself!

Post # 7
Member
1064 posts
Bumble bee
  • Wedding: June 2016

habibti:  the difference between job 1 and 2: $11,000 before taxes. Not knowing where you live I can’t say how much would taken out in taxes. In my heavily taxed state it would drop that number to about $9k or under! Let’s say it’s 10k after taxes, just estimating. Now subtract the $4k in added gas, you’re at $6k. (Don’t forget you’ll also be looking at extra oil changes and potentially other maintenance too.) Divide that by 52 weeks a year and you’re better off by about $115 dollars a week. Now you’ll be driving an extra 2 hours a day, so that’s 10 extra hours weekly, plus if I’m reading correct it sounds like job 1 is prbly 40 hrs/wk while job 2 is 50 hrs/wk, so plus commute it’s an extra 20 hours per week you’re committed. So divide the extra money, $115, by the extra hours, 20, and your extra hours are worth about $5.75 each. You decide if that’s worth it!

 

Another way of looking at, ignoring taxes, is Job 1: 34k at 40 hrs/wk 52 wks/yr is: $16.34 per hour

Job 2: 45k – 4k in gas at 60 total committed hrs/wk 52 wks/yr is: $13.14 per hour

 

Again, you decide! You would get about ~6k extra a year, but you will be at work/commuting an extra ~1040 hours a year.

 

(Side note too: if the 45k vs the 34k would put you in a higher tax bracket, then I’ll tell you it’s def not worth it)

Post # 8
Member
3756 posts
Honey bee
  • Wedding: April 2014

What about the benefits packages? Growth potential? Career satisfaction? How important is it to you to be closer to home so you can easily take care of any needs that arise with your children? Plus being home more to be with them in general? There is a lot more that goes into deciding which job to take aside from just the number. Your happiness in your daily life means a lot more than the bottom line which shrinks significantly when you take into consideration commuting times.

Post # 9
Member
1891 posts
Buzzing bee
  • Wedding: September 2014

I agree with the last poster, especially on the money issue. I don’t think it will be worth it. It sounds las if you already like the first job more. You can always keep looking while gaining experience and move into something where you earn more. I sure hope I have this dilemma one of these days, though

I would take the first job. You have 2 kids, therefore, you must consider your work life balance. I have always had to travel way too far for jobs and I hated it so much. I hope and pray that in the near future I will not have to commute too far. Also, you are within walking distance to work if it is only 5 minutes away, that means even car repairs would not interfere with work! The second job sounds like a real pain. I know myself, and I would start to hate the commute and extra responsibility. It will begin to feel like it is not worth the headache. Good luck either way.

Leave a comment


Sent weekly. You may unsubscribe at any time.

Find Amazing Vendors