(Closed) Career Question – would you take a pay cut?

posted 5 years ago in Career
  • poll: Would you give up a high paying job for the potential to be happier? Please tell me why!
    No, I would keep making the big bucks : (18 votes)
    22 %
    Yes, but it would be hard to do : (36 votes)
    44 %
    Yes, without hesitation. Happiness is more important : (28 votes)
    34 %
  • Post # 3
    Member
    8042 posts
    Bumble Beekeeper
    • Wedding: December 2013

    @BoxerLady:  I would. For example, I really don’t like the city I currently live in. The main reason why we’re still here is because we make good money.

    We would both take a pay cut to move somewhere warmer. It isn’t as simple as just packing up and going, though. We’re trying to come up with a plan to make it happen in the next few years, though.

    Post # 4
    Member
    1572 posts
    Bumble bee
    • Wedding: September 2013

    What do you think you would have to cut out if you took the pay cut? IMO happiness is more important than money. If you live well within your means making the larger amount right now, and are able to save a lot, etc., it might not be so noticeable aside from in your retirement savings.

    But if you have a huge mortgage, fancy car payments, and like to always have the latest designer purses, than the pay cut might not work for you.

    I think you just need to examine what you spend your money on, and what can you be ok with giving up to make the pay cut more feasible.

    Post # 5
    Member
    6015 posts
    Bee Keeper
    • Wedding: March 2012

    I’d keep making the big bucks. It’s a contract job, so I’m not sure how long it will last for you.  Bank as much money as you can and after the contract is over find the job that will make you happy.  

    Post # 6
    Member
    1297 posts
    Bumble bee
    • Wedding: February 2017 - Seattle, WA

    $75,000 is still a considerable amount of money, and would be a huge raise for me!  I guess it just depends on your expenses, etc.  Are you currently living well within your means, or would the paycut mean you need to lower your spending?  If you think you’d still be comfortable at $75,000 then I’d take the lower pay.  Being miserable all day is no way to spend  your life!

    Post # 7
    Member
    1627 posts
    Bumble bee
    • Wedding: November 2012

    In.a.heartbeat.  I worked for a skeezy, horrible company for about 4 months and HATED it.  The managers were manipulative and degrading.  The business itself was bad.  I actually took the job b/c of the pay raise I was getting.  It was so bad I wasn’t sleeping and literally crying some nights b/c I didn’t want to go back in the morning. 

    I understand my situation may have been a little more drastic/miserable than your current job, but my answer is still the same.  Happiness is extremely important.  You work at that job for at least 40 hours each week, you shouldn’t be unhappy all of that time.

    FWIW, at the horrible job I was making $45k/year.  I went down to about $34k, but since have had really great raises.  $75k is an unbelievable salary! 

    Post # 8
    Hostess
    18644 posts
    Honey Beekeeper
    • Wedding: June 2009

    Honestly, I would do it.  You can still do a lot of damage with $75k and it will help you get rid of some frivilous spending that might be going on at the higher salary.

    Post # 9
    Member
    6360 posts
    Bee Keeper

    Would and did with no regrets, but the big thing for me is not working for clients that participate in practicies I find unethical.

    However, there’s definitely also a point where your time is worth more than money.

    Post # 10
    Member
    3160 posts
    Sugar bee

    My philosophy is: You dont necessarily have to like your job.  You just have to be good at it.  You work at a job where you can have enough money and security to pursue your passions.  So for me, I would keep the higher paying job and use the money to do what I really enjoy doing outside of the position.

    The only exception to this is if the job is so stressful to the point where it is eroding your mental health.

    Post # 11
    Member
    13099 posts
    Honey Beekeeper
    • Wedding: July 2010

    Would and did and I don’t regret it at all.  I took an almost 50% pay cut (almost 30K) to take a job that I actually enjoy going to every day and that challenges my mind.  I left a job where I was bored and hating life 40 hours a week and that led to depression and anxiety that effected my life outside of work.  I was crying multiple times a week at the stupidest little things and not sleeping well.  Totally worth it!

    Post # 12
    Member
    14405 posts
    Honey Beekeeper
    • Wedding: June 2011

    Nope.  I would not take a pay cut, especially not a 30k one.  There is nothing I would love to do more than retire and not have to report in to a ‘job’ of any kind and a 30k cut would cut that goal by years.

    Post # 13
    Member
    2023 posts
    Buzzing bee
    • Wedding: May 2013

    I would probably stay until you have children (if you decide to..)

    I am currently in a similar situation.  The numbers arent quite as large – but Im expecting to take a $15K cut for a significantly less stressful job.

    Post # 14
    Member
    5494 posts
    Bee Keeper
    • Wedding: August 2011

    Nope I wouldn’t take the pay cut.  The stress for me would be worth it to maintain the lifestyle I’m used to.  Since it’s a contract you don’t know how long you’ll have this opportunity so I would keep at it, and meanwhile look for another job or contract that wouldn’t require that kind of pay cut.

     Most jobs that pay well are stressful and hard. That’s what you’re getting paid for.  In fact I think there is stress in any job.  Plus there is no guarantee that the $75,000 a year job is any less stressful.  My Father-In-Law always says that to make the big bucks you have to do what other people can’t do or won’t do.  

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