The "Bread winner"

[FrekeChild]

Date: 2/1/2008 5:23:57 PM
Author: diamondseeker2006

Date: 1/31/2008 10:49:56 PM

Author: Haven

I asked my FI about this today, and as I suspected he said he''d love it if I made more than him. He said that would mean we could ferret away a ton of money every year and retire early. Who wouldn''t like that?


Alas--I have two master''s degrees and FI has one and an advanced certificate, so we''re pretty much even on the education front. But my problem is that I became an educator. I just checked my school''s salary schedule for this year--you don''t even make anything in the LOW six-digits until you have 19 years teaching experience and two master''s degrees. Just 14 more years to go for me . . . (I don''t even want to think about it. Hmph, that''s depressing.)

That is hysterical! Your teacher salary schedule gets into SIX digits??? Wow, we are in a different cost of living!!!! I have a master''s and 20+ years, and my salary, if I were full time, would only be about $50,000! Thankfully, my husband makes a lot more than I do!

My mom''s best friend would agree with you DS. She taught for 20 years in the public school system, has her Masters and retired last year, making 50k. She retired because her salary capped out. Now she''s moved to a private school and is making 30k+retirement from the public school system.

 

[designchica]

My boyfriend makes a lot more than I do and to be honest, I like that set up but I do like having my own money to buy him gifts and spoil myself with shopping sprees now and then without any feelings of guilt.

My boss makes a lot more money than her boyfriend and it is a bit of a problem but moreso because her exhusband whom she left for the current boy makes millions and she had everything she wanted and more (when it came to money). Unfortunately what her ex had in money, he lacked in romance, love, etc. So she gave up money for love which sounds sweet and romantic but deep down she is concerned her boyfriend doesn''t make enough money to support the lifestyle she would like. She asked me the other day if I think it would be weird for her to pay for her engagement ring should they ever decide to get married.

 

[Haven]

Date: 2/1/2008 5:52:36 PM
Author: FrekeChild

Date: 2/1/2008 5:23:57 PM

Author: diamondseeker2006

Date: 1/31/2008 10:49:56 PM


Author: Haven


I asked my FI about this today, and as I suspected he said he''d love it if I made more than him. He said that would mean we could ferret away a ton of money every year and retire early. Who wouldn''t like that?



Alas--I have two master''s degrees and FI has one and an advanced certificate, so we''re pretty much even on the education front. But my problem is that I became an educator. I just checked my school''s salary schedule for this year--you don''t even make anything in the LOW six-digits until you have 19 years teaching experience and two master''s degrees. Just 14 more years to go for me . . . (I don''t even want to think about it. Hmph, that''s depressing.)

That is hysterical! Your teacher salary schedule gets into SIX digits??? Wow, we are in a different cost of living!!!! I have a master''s and 20+ years, and my salary, if I were full time, would only be about $50,000! Thankfully, my husband makes a lot more than I do!

My mom''s best friend would agree with you DS. She taught for 20 years in the public school system, has her Masters and retired last year, making 50k. She retired because her salary capped out. Now she''s moved to a private school and is making 30k+retirement from the public school system.

See--THIS is why we have such a difficult time finding and KEEPING good teachers, they are not compensated enough.

I can''t believe this, though, ladies--our salary schedule (for 07-0 STARTS at $43,126 for a BA only and 0 years experience. This means that a 21 year-old fresh out of college would earn this amount. An MA with 0 experience STARTS at $51,751. We also have more lanes--BA, BA + 15, MA, MA + 15, MA + 30, MA + 45, and PhD/EdD, which is nice. I teach in a public high school in the northwest suburbs of Chicago, and let me tell you--we do not have the best salary schedule for the area. (Can you tell I have our contract link on my favorites toolbar?

The other real atrocity is that teachers earn more money the higher the grade they teach. Of course, this works out well for me, but come on, this is ridiculous. Kindergarten and 1st grade are the MOST IMPORTANT YEARS in a child''s education--we need good K and 1st grade teachers. Anyway, sorry everyone, I''ll get off my tangent. I just can''t believe how poorly some districts compensate their teachers.

Back to our regularly scheduled thread . . .

 

[Kay]

I have always made more money than DH, and it has never bothered him. He jokes he hit the jackpot because he has a job he loves at a nonprofit and I get to do the heavy lifting (more money, but lots more hours). DH makes 60% of what I do, and that gap will get bigger every year unless one of us changes jobs because of the raise caps with his employer (he was at 64% of my salary last year). I couldn''t be with a man who felt emasculated by my success. It probably helps that we are on the same educational level (he joked that I was just trying to catch up with him when I went back to school for my LLM, since before that he had 3 degrees and I only had 2). We don''t really worry about who pays for what (as long as someone writes the checks each month to keep the lights and internet on, lol) because we live in a community property state with no pre-nup.

 

[monarch64]

Just responding super late...on a personal note, DH makes much more than I do and would be considered the "breadwinner" in our home. ETA: we both have B.A.'s

However, I did want to post that my brother and SIL have a very different state of affairs than my DH and I do, and they are very close to us in age. They are pregnant with their first child, and my bro will be a SAHD while my SIL will continue to work and keep up her "breadwinner" status after the baby is born. I really never thought things would turn out this way for my brother (not in a bad way)...I always saw him as someone who would assume a financial leadership position in his family. He has surprised myself and our family completely in the past ten years...he's bought a house and rehabbed it (and not a fix and flip rehab, I'm talking a complete rebuild/etc.) and he has an ebay business and works from home, not to mention he takes care of my parents and my SIL's daily... ETA: SIL has an AA, and my bro has no college education.