Sunday, July 12, 2015

Makin' It and Savin' It Sunday

I am loving this article over at the Penny Hoarder! It's about figuring what you are really bringing home an hour not what they are paying you. A friend of mine got a job a hour and a half drive from here one way and without traffic making $10/hr. And two sentences later, she was talking about how she was going to be buying a new car. Hmmmm, none of it dawned on her that she was actually going in the hole for this job. I'm not even going to bring up the fact that she needed new clothes or how she doesn't have the time to cook.
Have a thrifty Sunday,
Sonya Ann

12 comments:

Elephant's Child said...

Some people choose to be blind. And seem to prefer it that way. A friend lost her job. She was offered another but chose to go overseas instead for a holiday she NEEDED because of the financial stress she was in (her words). She only bought a one way ticket and complained yesterday that buying her ticket home was super expensive and she didn't know how she would manage. And she has not one but two mortgages and no job. I couldn't cope.

Sonya Ann said...

Elephant's Child-Holy shit that is a story. I would have had a breakdown if I was in that position. And buying a ticket to go on a vaca is not a sound thing to do. I bet she will end up letting the house go and down-sizing. A neighbor did that when she got divorced. SHe just let everything go and they had 2 mortgages. Everyone kept telling them to stop trying to out spend each other but they wouldn't. No wonder they didn't stay together.

Kimberly Hutmacher said...

Once we started having kids, we realized it was going to be cheaper for us if I stayed home. Between daycare, clothes, gas, wear and tear on the vehicle, and convenience foods, there wasn't much left over, and I didn't want to miss out on my kiddos lives. I really wanted to be home with them. From that point on, I've found different ways to earn a part time flexible income from home. We live frugally, but we are very happy with the choices we've made.

We are: Clamco said...

I made the same decision as Kimberly and worked from home so I didn't have to put my daughter in daycare. When she was older, I started working at the school in the cafeteria. That way I was on the same schedule as her. It worked out well plus I got free lunch and uniforms and had summers off.

ND Chic said...

I think there are a lot of costs with working but there are also costs of not working. I would prob shop a lot more if I had the time. For your friend, that made no sense. Couldn't she find a $10 an hour job closer?

SAM said...

As part of a former job working with families, I helped create tools and workshops on work-life balance. One tool was on doing the math kind of worksheet to determine if working outside the home made financial sense. Sometimes it was dad's job that was costing more and it was financially better for him to stay home after kids.

Sonya Ann said...

Kimberly Hutmacher-It turns into a time problem. I couldn't do everything that I needed to do and still be a nice person and have us clean and everything paid. We had so much debt because I was working, it was ridiculous.

Sonya Ann said...

We are: Clamco-I worked from home in the very beginning when it was just Anna and myself and then when Den and I got married and had DJ, it just got to be too much. I couldn't handle the house, kids, cooking and we decided that I would just stop working.
I think that you found the perfect solution. We really just have to adapt when we have kids.

Sonya Ann said...

ND Chic-I really think that you have to do what works best for you. I didn't have a great job so it made more sense for me to stop. If I was making money and we weren't going into the hole, I really don't know if I would have given it up.
I'm not sure about $10 hr here in Antioch. It would be minimum wage but I think that would be the best way to go and only part time would probably put them ahead.

Sonya Ann said...

SAM-Sometimes I think Den should have been the one staying home, he was a better cook and could fix things. He would probably just have played video games all day and then tried to pick up 5 minutes before I got home. Never mind, it was best that I stayed home.

Frances said...

I think most of us reading your blog are better equipped to make the financially sound decisions for our families. I would have never thought I could support a family of 5 on just my job, but we did. Of course, We never took a trip to Europe.

Sonya Ann said...

Frances-I think there s a huge difference between the people that read my blog and the "real" world. I am continuously shocked at some of the things that people think are alright. How can they not see that some of things that they do will not catch them at a later date? I have one thrifty neighbor and one that moved but spent everything. The spendy asked for help from the thrifty one and the thrifty one said, I really don't think there is anything that I can do to hep you after going through their bills. It was that bad. How do you not know what you are doing?