Thursday, June 18, 2009

Budgeting

So I have a job offer. I am excited BUT it is about a 25% pay cut and has no benefits so I have had to take a close look at my expenses. Let me tell you, my expenses are way more than I even thought they were. Really if I was tithing like I should and paying all my bills on my own I would've needed to be making about $5,000 more than I was. And now I am going to be making $16,500 less than my break even point. Isn't that crazy?!

So how was I making ends meet before? Well, I wasn't tithing like I should. My mom was paying for my gas and car insurance. And I was only contributing 2% to my 401K instead of 5% like I think I should be. (Probably the 401K contribution should be even more than that, but baby steps people).

I want this job. It will be doing marketing and listing coordination for a local real estate office. I don't have to activate my license (which would have cost me about $350-$400) but I can still get a taste of the Real Estate career I have been craving! And I still get to do marketing which I love! And I wouldn't be sitting behind a computer all day. I would actually get to go out and take pictures of their listings and maybe even some other tasks outside of the office. And the head of this office is a really good agent in the area. I recognized her name immediately because I see her signs everywhere. She is really nice and straight forward which I love and I think I could learn a lot from her.

The only downsides are the pay (obviously) and there are no benefits so I would have to continue my COBRA coverage and have no 401K for now. And she only offered me 1 week paid vacation. When I call her tomorrow to accept the position it will be on the condition of 2 weeks paid vacation. I just cannot do only 5 days off per year. I have weddings and holidays, and I have learned I have to have at least one yearly trip to make it through working full time. At my last job I had 17 paid time off days and 10 paid holidays. So I'll be going from 27 days off to 10. That is if she accepts my counter-offer. I just can't do 5. It would never work.

Plus I had to do a lot of budgeting and make a lot of sacrifices to make this salary work. I'll have no money for savings. My mom is going to pay for my gas, car insurance, and yearly pet exams. I have to cancel my at home internet service and switch to Direct TV for my cable. I had to cut my food and miscellaneous expenses budget back to $425/month. I think that will cover my food and the pets food. I guess no more new clothes, haircuts, or pedicures for me. (By the way, I had no idea what I was spending before but I was estimating $725 and that includes pet expenses, so I'm cutting out about $300!) And I have to cut my tithe back to 2.8% (it was probably at like 5%. I have no idea how I am going to ever make it to 10%, but like everything else it will be a process. At least I am trying.)

I looked at a lot of different options when trying to figure out how to make this work. Another option was getting a roommate. That was the best scenario. It would have cut at least $600 from my expenses and I would get to keep my internet. But I just can't do it. No one I know is looking for a roommate situation and I wouldn't want to live with someone I didn't know. Plus, my house is kind of like a zoo with my dog and cat and it is very much my house- all my furniture, my pets, my style. I don't know if a roommate would feel comfortable here. I don't know if I would feel comfortable here with a roommate. You married or co-habitating people don't know how well you have it splitting those bills with someone!

But I think I can make this work with those other sacrifices, so yeah I am excited. Now I just have to see if she accepts my counter-offer with the extra week of vacation. Keep your fingers crossed for me!

6 comments:

Shoshanah said...

I think you should go for it. Granted it is less than you were making, but its far more than your making now, right? Here's hoping your counter offer gets accepted!

Aritza, Goddess of .. said...

Sounds like you really want it :) *crosses fingers* Good luck !

Iva said...

GOOD LUCK!!

Jane said...

There has been many a time when for financial reasons I have wished I had a roommate, or heaven forbid have actually considered moving back home for a year to pay off my debt and build up a savings. I had a roommate the first year after I moved out of my parent's house, and since then I have lived by myself. Sure, sometimes it gets a little lonely and it would be nice to have someone else around, but for the most part I think I prefer living by myself - you can't beat being able to do what you want, when you want, without having to worry about disturbing or inconveniencing a roommate. :-)

I hope everything works out well with the job offer. I will be crossing my fingers and sending positive thoughts your way!

Angela said...

Good luck with this new job! It'll be more money than being unemployed, just remember that!

Lindsey said...

Sounds like it's just the kind of job that you want. You can definitely trim some stuff off the budget if you need to. Also, as part of the negotiation, ask her/office to pay for you to obtain your license (this is common and i think they can write it off)--also, ask about whether you can be reviewed in 6 months or whatever for a raise. Don't sell yourself too cheap! But, if it's worth it, then you will make it work. No worries. You better keep blogging. Don't lose the internet!
Lindsey