OMG this is it. Two job offers are coming in. I am crossing my fingers that they are good. I think so. At least DH is happy with the potential employers. This is a huge deal. Before the 1 year mark the bet we paid is looking to payout. An income again. Potentially moving locally.
Looking over the benefits we are losing some of the 401k match before it was 3% matched at 200% = 6% of salary. Now it's 50% match of 7% so 3.5% of salary and about the same price for slightly worse medical benefits to be expected because we had premium medical care before. Also slightly less vacation 21 days a year versus the 26 days year DH got.
Do you think it's worth moving for a shorter commute into another neighborhood and paying $1000 more a month for a slightly larger house? And testing out another area? Or should we try to buy? Or just be content renting?
My phone died on Sunday so I've been using the free Nokia phones we got last year when we switched to T Mobile. Going to look into replacement by warranty.
2 offers are coming
June 22nd, 2016 at 04:56 am
June 22nd, 2016 at 05:36 am 1466573785
June 22nd, 2016 at 11:15 am 1466594109
June 22nd, 2016 at 12:07 pm 1466597270
June 22nd, 2016 at 02:15 pm 1466604912
June 22nd, 2016 at 02:56 pm 1466607409
June 22nd, 2016 at 03:47 pm 1466610422
I'm not sure we'll be buying anytime soon. This even could turn into a 2 year rental. We haven't decided how the market will play out.
We can manage the new rental income and was within the range we were willing to pay before but decided against for cash flow. Now I think even without a job we'd stick it out as a potential place we'd buy.
A lot depends on the salary I guess we'll see and depends on what it pays. He doesn't want an 1 hour commute and we've always been short commute people with smaller houses and we would be doing that again.
June 22nd, 2016 at 04:14 pm 1466612091
June 22nd, 2016 at 08:58 pm 1466629135
As for paying more and moving, I think I'd wait until you see how things are going and if everything works out. Plus, the neighborhood may not be what you think it is.
June 22nd, 2016 at 10:39 pm 1466635163
So cashflow purposes we are not at all on a shoestring. This past year we've lived on the same budget we lived on previously. Nothing changed except our utilities was less and our rent/mortgage was less than what we used to pay. We aren't spendy and I have a firm grasp of our spending habits. The rent is probably close to what we would want to pay in a mortgage. We burned close to $72k this year and $90k in all with the tuition. We are still very solvent and if DH worked even 6 months at a rate of $125k (cross your fingers it's higher) then I would guess we'd still be able to stash 1k/month and not burn any excess fund. I also admit to spending excessive amounts of money and if I really had to I could spend less.
Rob, that's why I'm nervous about staying put and buying in a new neighborhood without testing it out. I wonder if it what I think it is.
Also if he is laid off we've agreed to move back into his field into management/business side. He's got some flexibility and our ability to live on less is key and supplement with our savings. We'd also rent because we could break the lease and move if we needed too.