I interviewed for a new job on Monday... and was hired by the end of the day. The pay is crap, but the title is fairly prestigious, and I'll get a lot of networking opportunities. I still have my other (work-from-home) job too.
My monthly income will be dependent on how much work I put into my 2nd job, but I should be bringing home approximately $3800.
I still have $10k in my savings that I haven't decided what to do with... shall I leave it in savings, or throw it at my credit cards?
I need to get through the week, and then I'll prepare a real budget again.
14 comments:
Yay for a new job! 40K is not crap Miss Sunflowers! Be proud of yourself! I think you should keep that 10,000 in your checking account for now, for an emergency fund, as bad as you want that debt gone. It's better to be safe than sorry. =)
congratulations!! thats great news!
Congratulations on the job! It's fantastic in this economy even if it doesn't pay as much as you'd wish. Could you try living off of the income from your job, keeping the 10k for emergencies (in case the job goes south or something happens with your mom), and using the income fromyour at home job to pay off your debt? I'm scared of your student loans which you'll start needing to pay soon and will be at least $1000/month.
what's your 2nd job? Also 40k is not a bad pay.
Congrats on the new job!
Hooray for a new job! $40k is nothing to scoff at though. Is there room for advancement at this particular job. I'm with Serendipity and Sylvia, save that $10k for when you really need it, pay down your debt with your second job, but still try to save a little each month too.
Hope this all goes well for you!
Congratulations on the new job!! That reminds me.. we still need to do our dim sum date. :)
Wow, that's great news! Hooray new job! $40k is definitely a good start, and it sounds like you'll have a lot of good opportunities through this job. I agree with the others, keep the money in the bank as an emergency fund.
That's so exciting that you had the interview AND got the job all in one day! They must have really liked you!
Congrats! Things are looking up :)
40k is not crap. I know you said you made quite a bit at your last job before law school, but we're in an entirely different economy after the recession (as I'm sure you know well). Congrats! I'm sure the burden has been lifted a little with this news.
Congrats on the job!
P.S. does your other work from home job need attorneys? Contact me if so, I would love some extra money.
salliesniece at gmail
As for the 10k, I'd recommend reading Dave Ramsey's money makeover. The gist of this book is to have an emergency fund first, and then pay down your debt using the "debt snowball." An emergency fund is very important, if you don't already have one.
Congrats! In this economy a 40K job is solid gold, so you ain't doing too bad! If it were me, I'd use the 10K savings to HAMMER that debt, then build up savings again after that. Good luck in whatever you decide!
Sunflowers, how's the new job? Let us know how its going.
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