Hi reddit,
As my post title states, I'm considering taking a dramatic pay cut for the sake of my mental health. I currently work in NYC making 74k/year at a union job. The job itself is manageable, but the work environment is toxic and my supervisors are constantly micromanaging everything we do. I have been at this job for the past 5 years and the stress has caused me to lose significant weight (without trying to) and even hair. I also have to commute 1 hour and 20 minutes on the subway (one way) to get to the job.
I was offered a job in the private sector making 51k/year but it comes with guaranteed OT opportunities and holiday bonuses. A friend has worked at the company for the past 2 years and is very happy with the work, the environment, and the supervisors. The commute to this job would be 45 minutes on the subway (one way).
I'm heavily considering the career switch but I'm concerned about how it will impact my finances long term. I currently own an apartment and owe about 130k on the mortgage.
My take home pay at my current job is $3,100/month. My current monthly bills work out to:
-Mortgage payments and apartment maintenance fee - $1,300/month.
-Internet - $80/month
-Phone - $35/month
-Electricity - $70/month ($160/month in the summer)
-Groceries - $200/month
-Fun/going out - $250/month
-Metrocard - $127/month
The rest of my money automatically goes into my savings account. I have a separate emergency savings account with $33k in it that I don't touch.
What would be the best decision here? What would you choose to do?
Submitted June 27, 2019 at 08:04PM by burntoutworker https://ift.tt/2ZTIVeA
