Job change opportunity?

Submitted by knockknock18-1 t3_10pe3ic in personalfinance

I have an employment opportunity that I don't know if it is the best option. I currently work 40 hrs in 4 days. I can get some OT, but have a 3 day weekend every week. Another job opportunity came up where i could possibly make $20,000 more within the next year, but would have to work 5 days a week and one Saturday a month. We do not have any debt, our house is paid off, contributing to 401k, and funding Roth IRA. Spouse and I are in our 40s with no kids. Our parents are in their 70s/80s and we would like to spend time with them or help them as needed.

Is it worth giving up that much time during the week and a weekend day to work for a possible $20,000 annual raise? (There is more work/responsibility of course too)

1

Comments

You must log in or register to comment.

ChaptainAmerica12 t1_j6k4kl6 wrote

One of the few things you really can’t get back is time. You can budget more effectively and pick up some OT here and there and make up some of that salary difference if you really needed it, but you can’t get back 5 days every month. I would look at it like this: is 5 extra days per month or 60 days a year worth more to you then 20k?

3

knockknock18-1 OP t1_j6k7yfy wrote

60 days, basically equal to 2 months of my life. Since I don't have debt/mortgage anymore, I am not as motivated by money.

1

alissa2579 t1_j6jwnt9 wrote

I wouldn’t change anything for the “possibility” of a $20k raise. Also, is the 5 days a week plus 1 Saturday a month equal in hours to the 40 hours you are currently doing? Or will you essentially be working more hours with only a possibility of more money

1

knockknock18-1 OP t1_j6jy377 wrote

I work 40 hrs in 4 days now with some OT. The opportunity is supposed to be 40 hrs, but are working 47 hrs a week and 1 Saturday a month

1

alissa2579 t1_j6jyy0m wrote

Will you still get overtime for the additional 7 hours a week plus the 1 Saturday? If not, this does not seem like a good idea

1

knockknock18-1 OP t1_j6jzoum wrote

The 7 extra hours are not required/guaranteed. I will still be working 40 hours plus one Saturday a month with possible OT

1

2ReddYet t1_j6jyjrh wrote

What would you do with the extra $20k? Do you value an extra $20k more than you value a four-day workweek?

1

knockknock18-1 OP t1_j6jzy68 wrote

I would probably stick it in retirement or fix up the house some more. I dont know. I am already saving for retirement and for a new car and for house fix ups and vacations. There isn't anything I need.

1