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Originally posted by bdoubleu
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Long time listener, first time caller 
Long story short:
Mid-twenty-year-old female, married, no kids. A major life event (death in family) happened recently, and has really put things in perspective.
Long story:
We have recently paid off all our debt (student loans) except mortgage of ~$90,000. I make a base salary of $110,000 and have the opportunity for bonuses/overtime/etc of ~$20,000 extra. Hubby makes ~$27,000 base with possible ~10,000 extra annually in bonuses depending on the success of the company he works for.
I work odd hours (12:30pm-11:00pm) seven days in a row, then have seven days off in a row. He works M-F 9-5. So when I'm working, we don't see each other for often days at a time. On my off week, he is still working during the day, so we still don't spend a ton of time together. We have had these schedules for one year now.
Our thoughts are that he quit working. We have been putting his income on our debt repayment for the last year, and now that we are done with that, we don't think we would "miss" his income. We would easily be able to save $2,000/month on just my income (plus 10% to my 401k and $10,000 annually to a ROTH for each of us) based on current expenses.
The biggest problem we are having is that we have talked about doing this when we have kids - but we don't have kids...yet. At this point, we just think it will be better for our relationship with each other, to be able to actually spend time together and be able to travel more (a goal of both of ours).
I absolutely love my job - it is fairly low stress, high pay, and very flexible when needed. He doesn't hate his job, but he has never really enjoyed what he does for pay - but he has several hobbies that he does on the side (brewing beer, writing music, cooking, etc.), and he is already great about cleaning/laundry/etc.
He has been at his job for just over a year, but has worked in the same industry for ~3 years now. We are both entirely on board with him not working - I am naturally driven to want to work, so I can't imagine staying home 24/7, and I'm already home for half of the year because I have every other week off. He is not lazy, just has not found his "calling" in the workforce. And we have come to a realization that the $30-40,000 he makes isn't worth us not seeing each other most of the year.
We are both in our mid-twenties, and are mostly struggling with the social aspect of our decision. We are in a much better financial situation than many of our friends/family due to living well below our means and focus on rapid debt repayment.
Wondering what your thoughts are on this situation - is this an okay idea? Smart idea? How to handle peoples' reactions? Anything we're not thinking of? For people who are older than us, do you wish you could have done this at our age, or did you do this?
Thanks in advance!
Long story short:
Mid-twenty-year-old female, married, no kids. A major life event (death in family) happened recently, and has really put things in perspective.
Long story:
We have recently paid off all our debt (student loans) except mortgage of ~$90,000. I make a base salary of $110,000 and have the opportunity for bonuses/overtime/etc of ~$20,000 extra. Hubby makes ~$27,000 base with possible ~10,000 extra annually in bonuses depending on the success of the company he works for.
I work odd hours (12:30pm-11:00pm) seven days in a row, then have seven days off in a row. He works M-F 9-5. So when I'm working, we don't see each other for often days at a time. On my off week, he is still working during the day, so we still don't spend a ton of time together. We have had these schedules for one year now.
Our thoughts are that he quit working. We have been putting his income on our debt repayment for the last year, and now that we are done with that, we don't think we would "miss" his income. We would easily be able to save $2,000/month on just my income (plus 10% to my 401k and $10,000 annually to a ROTH for each of us) based on current expenses.
The biggest problem we are having is that we have talked about doing this when we have kids - but we don't have kids...yet. At this point, we just think it will be better for our relationship with each other, to be able to actually spend time together and be able to travel more (a goal of both of ours).
I absolutely love my job - it is fairly low stress, high pay, and very flexible when needed. He doesn't hate his job, but he has never really enjoyed what he does for pay - but he has several hobbies that he does on the side (brewing beer, writing music, cooking, etc.), and he is already great about cleaning/laundry/etc.
He has been at his job for just over a year, but has worked in the same industry for ~3 years now. We are both entirely on board with him not working - I am naturally driven to want to work, so I can't imagine staying home 24/7, and I'm already home for half of the year because I have every other week off. He is not lazy, just has not found his "calling" in the workforce. And we have come to a realization that the $30-40,000 he makes isn't worth us not seeing each other most of the year.
We are both in our mid-twenties, and are mostly struggling with the social aspect of our decision. We are in a much better financial situation than many of our friends/family due to living well below our means and focus on rapid debt repayment.
Wondering what your thoughts are on this situation - is this an okay idea? Smart idea? How to handle peoples' reactions? Anything we're not thinking of? For people who are older than us, do you wish you could have done this at our age, or did you do this?
Thanks in advance!
That's what I'd do.
Then you'll really be sitting pretty.
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