Sometime next month or early July, I will be starting a new career. I currently work two jobs, and this switch will allow me to quit both of these jobs. I am trying to budget out using a rough estimate of what I will be making. The first 3 months of this new job will be a probationary period where I will be making several dollars less per hour than I do now. After that 3 month period though, I'll be making $2/hr more than I do now, with room for raises in the future.
So needless to say, between taking the temporary paycut and quitting my second job, money will be tight for the summer. However, this new job always has a ton of OT available, and you can pretty much work 80hrs a week without an issue.
Doing some quick number crunching, I'll have to work at least 2 OT shifts a week during the probation period, just to make what I'm making now. I intend to pick up as much OT as possible to not only stay ahead of finances, but also gain experience in this field. I'm also being aggressive with paying down my credit cards, along with monthly bills, mortgage, car payments, and engagement ring layaway. With all of that, the base salary wont be enough to meet all my financial goals without OT.
As I plan out my budget for the next few months, should I take into account the guaranteed OT i'll be making, or is it smarter to budget around my base salary and treat the OT as found cash?
Submitted May 08, 2017 at 06:09AM by Drunken_Black_Belt http://ift.tt/2qSaSTb
