I have $12,000 dollars in the bank .Money engough to pay my bills for 1yr but not pay for other things I need - like a roof for my house and my property taxes ( which are around $2,000 per yr.)
- I got fired from my job, my ex left me pregnant , I have a son already .So I will be in need of daycare big time.
My mother thinks I should go back to school and not get a job now but later after I get out of school.
I think I should get a job and go back to school in the spring.
I would have about a 1yr + 1/2 in order to get any kind of degree.
Which do you think is the best choice for me financially speaking?Who is right?
2007-12-31 11:33:41 · 12 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Education is the key to success. With education you would be able to have a better career choice and also be able to provide more for your children.
2007-12-31 11:45:05 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You appear to be correct. If you don't have money to last until you finish school, you NEED an income before you finish. That does NOT mean you should not go to school. Is there any reason you can't work AND go to school at the same time?
2007-12-31 20:20:44 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
try making a deal with your mom, explain the struggle of the new baby and your present son, tell her you will attend school but with some financial help from her. getting a leaqrning oppurtunity is better that money that goes away fast and needs to be replaced. however, once you have started learning and theres a break, for summer, winter, etc, try getting a job thats little hassle, and very flexible.
good luck!
get studying!
2007-12-31 19:59:58 · answer #3 · answered by Priscilla D 2 · 0⤊ 0⤋
Hun, you got a lot of challenges in front of you. 2 kids and no husband and no education is a recipe for poverty.
$12,000 is not very much money these days, especially in MI.
So you need to do BOTH things in order to survive and build a home for your family. Your mother is not the driving force in this decision - you are.
In order to ensure you have adequate healthcare for your young children, and not have to worry if they have electricity, food, water, clothes, you need a short term job and a long term plan. For now, a job that pays the bills (even better if there are any health benefits) would be a necessity. Going to school is important -no doubt but it is something you can do a bit more leisurely ie, so what if it takes 1 year or 2 years. The priority needs to be the health and safety and well being of your children and you.
Without a solid roof, your house will begin to have leaks and rot problems. And real estate taxes are not an optional expense. Dont pay, and they take your house away.
My best advice is to find some professional counselor, state agency, whatever, since you are going to need a lot to get you through the tough times ahead.
I wish you the best of luck in the new year.
2007-12-31 19:55:34 · answer #4 · answered by edco 5 · 2⤊ 0⤋
You both have a valid point. To compromise, it would be a good idea to go back to school on a part-time basis (either take evening and/or weekend classes), and also work part-time. This way, you will move toward getting a degree (which will make mom happy), but you won't feel overwhelmed with bills, because you will be earning something on the side as well. It may not be as much as a full-time job, but still every dollar counts. And before you know it, you will have your degree. Best of luck.
2007-12-31 19:54:37 · answer #5 · answered by Ms. Serendipity 1 · 1⤊ 0⤋
You are in a tough spot. Yet, I sense a strong woman, maybe too strong for the man who left you PG. I am a man; a former professor, now retired. You need to keep that in mind to know my biases.
In your situation, I would look for a need-based scholarship at a college with a childcare center if mom does not do the day care. If she does, she is a saint.
I don't know when the birth is due, but I might wait until the child is 6 or so months old than try finish your degree.
Having the degree will allow you to feel a confidence all your life and be a good model for your children.
If you can get a reasonably good job, I would do that in the iterim and put about 10,000 in a certificate of deposit to earn at least a safe interest.
It is not about who is right. It is about working out what is best which may well be a combination of her ideas and your and ideas from friends. Good wishes....and cheers.
2007-12-31 19:54:33 · answer #6 · answered by Rob C 2 · 2⤊ 0⤋
Get the degree first. This is from the voice of experience, it is a total bear to work while you get your degree, not to mention a job will make it easier to put off the degree. Get it now , get it now, get it now. You will thank yourself later. You will have a better job and better income as soon as you finish the degree and a year and 1/2 will pass in no time. Especially if mom is willing to help.
2007-12-31 19:51:13 · answer #7 · answered by Barcadcadacada 6 · 0⤊ 1⤋
Before you decide anything, you need to do some research. For instance, do you qualify for any kind of help with your daycare expenses. West Virginia has a program called Mountain Heart that helps families out. Check to see if your state has anything and if you qualify. Or do you know someone who is willing to help you out with daycare, like your mother for instance? Maybe you could trade services with someone. They could babysit for you and you could clean house or something for them. I know that's difficult being pregnant, but it's still something to keep in mind for the future. What about the father of your children. Is he paying child support? He should be. And that would help you with your daycare expenses.
Also, what about getting a part time job and taking online classes or night classes at the same time. Look into technical and vocational classes in the field you are interested in too. They may not be the exact job you are looking for, but if you can get your foot in the door with a decent company with some sort of certification, many companies will pay for you to go back to school. Do you qualify for any grants, scholarships, or financial aid?
Check into all of that and then sit down and figure out what you think is best for you and your children. Your mother sounds like she only has your best interests in mind so don't automatically disregard her suggestions.
Good luck!
2007-12-31 19:49:34 · answer #8 · answered by terribrooke 5 · 1⤊ 0⤋
well if it were me, i would move back in with my parents, go back to school so i could get a decent job, and then evently work my way up to buy my own house and stuff and your mom is like built in day care
2007-12-31 19:43:30 · answer #9 · answered by sunfunnjunk 1 · 0⤊ 1⤋
"It is better to be happy than right"...
You need your Mom. And the sooner you get some kind of degree, the sooner you can get a half-decent paying job.
2007-12-31 19:43:12 · answer #10 · answered by Anonymous · 0⤊ 1⤋
Get your degree as fast as you can. If necessary take out student loans to tide you over. The extra income you will earn over your lifetime will be worth it.
2007-12-31 19:41:47 · answer #11 · answered by rainman91302 1 · 0⤊ 1⤋