Could you live on $28,000?

Discussion in 'Job Seekers' started by kassrose, Jun 9, 2010.

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Could you live on $28,000?

  1. Yes

    43 vote(s)
    61.4%
  2. No

    27 vote(s)
    38.6%
  1. catnfiddle

    catnfiddle Moderator

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    Jun 10, 2010

    My last non-teaching job was $27,000. It was a little tight but I managed to keep a roof over my head and food on the table (and kibble in the cat's bowl).
     
  2. sevenplus

    sevenplus Connoisseur

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    Jun 10, 2010

    Absolutely. I could and I have. I'm married but for quite a while my grad school husband was pulling in no income. At one point I was making $14,000 and supporting both of us. It was in the 1990s. You just have to be realistic about budgeting and what you can afford.
     
  3. Mrs Ski

    Mrs Ski Companion

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    Jun 10, 2010

    wow, i still spend 70$ every two weeks for my family of four!

    yes you can do about anything you need to, i agree with others run your numbers and see

    also re the student loan- income based payment (or income contingent, which ever is newer)- you pay an amount that is determined by your income not to exceed 10%, then for teachers in a public school (and some other public jobs) after paying for 10 years they wipe out the rest, i think it is 20 years for other jobs. it is a very good program and i will end up paying MUCH less and actually be able to afford to support my family.
     
  4. Jedi74

    Jedi74 Rookie

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    Jun 10, 2010

    but whatever they wipe out has to be reported to the IRS as taxable income....

    still i would rather pay taxes on a huge bill than the actual bill itself....and the IRS giveds yuo 5 years to pay it
     
  5. dizzykates

    dizzykates Habitué

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    Jun 10, 2010

    Yep, I did it for a year and I actually felt quite rich! It was the best paying job I'd had to that point and I moved out to an apartment, with my car payment, st. loan and even managed to make extra car payments and have fun. Sometimes I think it would be better to go back to making less (not that I make much more now) it just simplifies life.

    Oh and I live in a HCOL area.
     
  6. kassrose

    kassrose Companion

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    Jun 10, 2010

    You are a lifesaver! I have been crying for the past two hours about basically making an extra car payment (towards student loan) for the next 20 years! I feel sooooooooooo much better! :hugs:
     
  7. Danny'sNanny

    Danny'sNanny Connoisseur

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    Jun 10, 2010

    28,000 isn't that bad in AZ. I'm not much over 29,000. My husband has been working veeeeeeery part time (like, 10 hours a week), so we're basically living on my salary.

    If I found a job in the "big" district in this town (instead of my tiny one), I'd make 34,000 or so. But I absolutely love my school and wouldn't trade it for anything.
     
  8. McKennaL

    McKennaL Groupie

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    Jun 15, 2010

    I've been living on less WITH a house and two kids in college (single mom). It CAN be done....but I needed to suppliment with some savings.

    Not easy...but do-able.

    DO look into the POSSIBILITY of assistance (food stamp help). It doesn't hurt to CHECK. I checked for myself ...and I couldn't get it because my investments (that I am building up for my retirement...and NOT TOUCHING) were too big. Imagine that... I'm well BELOW poverty pay, but can't get help. Meanwhile, at the grocery store...my second job... these people come in with their bling and obviiously living better than me...and they are loading up on chips, pop, pizzas, and junk food while on food stamps.

    Anyway... you can go on-line to check it out. It doesn't cost to LOOK.

    If not...then you just have to learn to live VERY light. Look at it as character-building.
     
  9. Missy99

    Missy99 Connoisseur

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    Jun 15, 2010

    Now I can tell you don't teach math -- we only spent around $160 per month :lol:
     
  10. PCdiva

    PCdiva Connoisseur

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    Do you know where I can find some information on this...I tried looking but couldnt find anything, my mom has been paying her student loans off for more than 10 years and still owes $25,000.....that could get wiped out????
     
  11. sequence

    sequence Rookie

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    Jun 15, 2010

    Now, does that apply to current teachers who pay student loans as well? I would be ecstatic my student loans were cancelled in five more years...

    On topic though, my first year in AZ I worked for 26,000 a year, so it's doable, not that much fun, but I was single and just lived by myself and my dogs so I did all right.
     
  12. PCdiva

    PCdiva Connoisseur

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    Jun 15, 2010

    THe only info I could find was if you are working at a title one school
     
  13. PCdiva

    PCdiva Connoisseur

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    Jun 15, 2010

    Right now I am making double payments on my student loans, but why should I if they will just be wiped out in 10 years...thats why I think there has to be more to it.

    I've been talking to people and most have their student loans to be paid over 30 years.
     
  14. TeacherSandra

    TeacherSandra Enthusiast

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    Jun 15, 2010

    I know I could do it!

    Considering the threads on this site about teachers not having jobs yet for the upcoming school year and applying for jobs, I know I would definitely give it a go.

    Who knows how much your salary will go up after a year? :)
     
  15. Jedi74

    Jedi74 Rookie

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    Jun 15, 2010

    actually its 10 years for most private schools.....as long as its a non profit school ;)
     
  16. Mrs Ski

    Mrs Ski Companion

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    Jun 16, 2010

  17. Missy99

    Missy99 Connoisseur

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    Jun 16, 2010

  18. PCdiva

    PCdiva Connoisseur

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    Jun 16, 2010

    Thanks!! It doesnt apply to my mom even though she has been paying for over 10 years because the 10 years starts after October 2007! It is something to keep in mind though for October 2017 it can be wiped out.
     
  19. demijasmom

    demijasmom Companion

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    Jun 17, 2010

    If I had to I would. You are single, you could find a part-time gig to supplement your income.
     

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