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. kassrose

    kassrose Companion

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    Jun 9, 2010

    I've been offered a full time Kinder position at a charter school with a salary of $28,000. I feel like I have no choice but to take it, with the way things are right now. But it's $28,000!!! Ugh. Base salary for my district is $35,500. I am single, but I have $34,000 in student loans, and I just wonder if I can live on that. Could you?
     
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  3. Baliboy74

    Baliboy74 Rookie

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    Jun 9, 2010

    if it was the only thing offered yes. would get rid of my iphone and other "luxury" items i have
     
  4. Unbeknownst

    Unbeknownst Cohort

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    Jun 9, 2010

    Funny that you ask, because that's exactly what I'll be living on this year.

    So I guess the answer is yes.
     
  5. teacherpippi

    teacherpippi Habitué

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    Jun 9, 2010

    I picked yes (for me!)- I don't have any debt, I could tutor to help out with thingsafter school and in the summer (or get a completely unrelated job). I don't know if you could live on it. It would be very difficult, but depending on your cost of living, being frugal and getting a second job during off times, it may be possible.
     
  6. PCdiva

    PCdiva Connoisseur

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    Jun 9, 2010

    HOw much is your rent and student loan payment?
     
  7. Aliceacc

    Aliceacc Multitudinous

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    Jun 9, 2010

    I started at $9,700 in NY in 1980.

    So, yes, I've lived on $28,000 in an area with a high cost of living.
     
  8. Baliboy74

    Baliboy74 Rookie

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    Jun 9, 2010

    if you get on income based repayment (as oppossed to income contingent repayment) your loan payments are drastically cut each month

    as long as they are federal loans....google it
     
  9. Peachyness

    Peachyness Virtuoso

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    Jun 9, 2010

    I work part time so my pay is MUCH lower than that. I was able to survive by applying for unemployment. But, that will stop this August.

    I think it's possible as long as you budget and really prioritize things that you spend. For example, do you NEED cable tv?
     
  10. chemteach55

    chemteach55 Connoisseur

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    Jun 9, 2010

    We do not have any debt either except house and car notes but I could not live on 28,000 a year. We make 5x that and sometimes it is tough.
     
  11. sammyrams

    sammyrams Companion

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    Jun 9, 2010

    Don't forget that the student loan companies now have something that the payment can't be more than 10% of your income or something. That may help.
     
  12. Baliboy74

    Baliboy74 Rookie

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    Jun 9, 2010

  13. Baliboy74

    Baliboy74 Rookie

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    Jun 9, 2010

    this bill was passed in 2007.....its governemnt funded and if you're in a public school your remaining loans are forgiven after 10 years and 20 if you're in the private sector
     
  14. Unbeknownst

    Unbeknownst Cohort

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    Jun 9, 2010

    Don't let me preach at you, but it would be best if you got your income on paper.

    This means looking at your monthly income and monthly payments, and put it all down on paper. For the rest of the money that is left over, put it in a category (even if you have a "party" category), just know where your money is going.

    This will help you see where you can cut and what is mandatory, and I g.u.a.r.a.n.t.e.e. you it will make your life SO much easier.
     
  15. luckyal29

    luckyal29 Companion

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    Jun 9, 2010

    Yeah I can live off that fine as I'm single and have no children but how the heck do they start you off at $28,000 and $35,000 for district. I'd rather sit out a year than to work for those wages. My 1st year which was actually last year I started at $50,000.
     
  16. kassrose

    kassrose Companion

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    Jun 9, 2010

    Where do you live?!
     
  17. luckyal29

    luckyal29 Companion

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    Jun 9, 2010

    That was in Bay Area of CA. But after thinking it over and factoring a few things wasn't as much as it seemed. Higher cost of living. Also the health plan was abyssmal, you had to contribute (if you joined) $500-$600 a month for it so subtract $6000 from that salary.
     
  18. mmswm

    mmswm Moderator

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    Jun 9, 2010

    I could do it if I had to. I've lived off less, and as a single mother of three. You do what you have to do. So what if you don't have money for cable, partying, and extras like starbucks coffees or canned soda. Make the cuts you have to, and be thankful you have a job.
     
  19. BioAngel

    BioAngel Science Teacher - Grades 3-6

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    Jun 9, 2010

    Well let me do some math...
    My 1/3 of rent per month: $450
    Gas/electric: about $100 (sometimes more than this)
    Gas for my car: $40 for 2 weeks (this will be increasing next school year)
    School loan #1: $190
    School loan #2: $200
    Total per month: around $1000

    Right now I'm making $39K and after taxes, insurance, and other fun stuff, I make about $2,333 a month or almost $28k a year. So assuming after taxes, if I was making $28k, I'd say I'd end up with $18k roughly. And that would leave me with $1500 per month. So yes I could technically live off of what this job would pay me, but it would be tight. Right now, I'm doing okay (and next year, luckily I'll be making $5k more).

    Still I agree that with the job economy being difficult, you might just want to take this-- it is a job.
     
  20. tracykaliski

    tracykaliski Connoisseur

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    Jun 9, 2010

    My first year teaching I lived on $750 a month. That was my salary. Period.

    You can do anything for a year. Always remember that.

    Plus, if you're full time, you'll get health insurance which is priceless in this economy.
     
  21. tgtbtj

    tgtbtj Companion

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    Jun 9, 2010

    Yes I could live on 28,000 a year. Actually i'd be more than grateful to have the chance to make that right now. Sure it's not as much as other schools in your area but like everyone else said, it's a job and it's better than nothing. Be thankful that you have at least that.
     

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