My main motivation for starting this blog is no longer valid! In my About page, I wrote that my wife and I had a baby on the way and that we were going to become a one income family in one of the highest cost of living areas: New York City. Within one week, that all changed. Five years ago, before my wife even went to school to get her Masters in Early Childhood Education, she took a civil service exam for employment within the New York State governmental agencies. About 2 weeks ago, they called her for an interview and a week later, they hired her.
When they called to hire her, they told her that she had to respond that day otherwise, she would risk losing out on the position. I don’t know why it had to be so rushed, but it is what it is. My wife and I discussed the pros and cons. I told her that whatever she decided to do, we’d be fine and that I’d support her 100%. If she did not take the job, we would be okay financially, but we probably wouldn’t be any closer to buying our own place, moving to a bigger apartment, and could not save as much for retirement or in Baby LRC’s college fund. In the end, my wife called the HR lady and told her she would take the job. There are definitely financial benefits in her taking the job, but I also loved the idea of having mommy stay home with baby LRC. I think my wife chose to take the job to help secure our financial future. I think she wants to be able to provide Baby LRC with the experiences and opportunities that we didn’t have when we were growing up. No, we won’t be splurging on the finer things in life now that we have two incomes, don’t worry about that. She was definitely torn over the decision because she won’t be able to spend as much time with baby LRC and won’t get to work as a teacher. But ultimately when an opportunity comes I think you should probably take it, and see what comes from it. By saying no, you open up the possibility of wondering “what if?” and regretting your decision.
The job that my wife will be starting in a little over a month has nothing to do with teaching which is her passion. We went a few days ago to the preschool where my wife worked to visit. We interrupted their nap time…whoops! The students were so excited to see her though. “We really really missed you! When are you coming back?” (Even if she were to return, the kids will have graduated to kindergarten). They were also excited to see Baby LRC. The kids also asked my wife where her belly went, and said that she looks better without it. Little kids are brutally honest, aren’t they? My wife is an amazing teacher who the parents and kids love. She will truly miss teaching the little ones, but preschool teachers are poorly compensated. She does teach kids at Church, so her teaching skills will still be put to good use and she can satisfy some of her love for teaching there. Plus, you never know what the future holds, maybe another opportunity will arise.
The preschool/daycare where my wife worked paid hourly and offered no benefits. She often did not leave work until after 6:00 p.m. and didn’t get home until 7:00. The new government job offers an increased salary with potential to earn more, whereas there is not much career mobility or salary increases with preschool teaching. The benefits at the government job are excellent and also includes a pension. It is also a 15 minute commute and she said that the people there seemed nice. It is a job that is great for work/life balance.
Money isn’t everything is it?
Last week, Cat from Budget Blonde posted an article on Young Adult Money entitled I’m Pretty Sure Money Can Buy Happiness. Initially, I did not agree with her premise, I blog about frugality and tout living rich cheaply right? But after reading her article, I understood her point. No, money doesn’t buy happiness, but money does give you options and helps to reduce a lot of the stressors in our lives. I’m hoping to become financially independent and not have money be such a big factor when making decisions.
What do you think about the decision? Any helpful tips from parents where both work with regard to childcare and time management?