Girl Ninja and I have a plan to punch 2011 in the face as hard as we can. On January first of each year, I like to open up my annual budgeting spreadsheet and see what the Excel gods tell me. After some serious number crunching, and some even more serious random number guessing, we have something to work towards, and that my friends is a net worth of $96,000. Here’s the breakdown…
2010 was the year of the non-budget budget as I didn’t have a clue how to prepare for dual income. I knew our income could vary greatly depending on how many days Girl Ninja was able to substitute teach. Last year was crazy, and this year things are no different.
We are almost sure to face some significant financial changes over the next year. That’s right, we’re pregnant…no not with babies (sorry mom)…but with job opportunities. And as you can expect, with a change in job, a change in salary often follows. There are really three potential outcomes for us.
1) We stay in San Diego. This would be the easiest situation to budget for as it would mean nothing really changed for us.
2) We move to Seattle. We are both originally from Washington and would love to be near our parents and our friends from high school. If we moved up north I would likely either A) transfer in my current position to the Seattle office (same pay) or B) I would look for something more lucrative in the Seattle area. We would likely meet, or exceed, our $96,000 goal if we moved up north.
3) Move wherever the heck the government tells us. You remember that “dream job” I’ve blogged about over the last two years. The one I applied for in February 2009? Well, I was called over Xmas break and told to expect to start March 28th. That is, if I re-pass the physical fitness test and accept the final offer. In the long run, this position would pay quite a bit more than my current position can, but it would DEFINITELY mean a short term pay cut (for about two years). One of the requirements of this position is a willingness to relocate at the needs of the agency. Since we don’t know how much my starting salary will be (should know in about 45 days) and we won’t know where we will be living (until after we’ve accepted the offer), I pretty much have no clue what this would mean for our net worth. The $96,000 goal would probably decrease to like $80,000 (after my pay cut and the time it would take for Girl Ninja to find a teaching job).
It’s crazy to think Girl Ninja and I will be determining the next five years of our life over the next five weeks. Heck, it’s probably pointless to make any goals since when we have no clue where we will be living or working. I guess it’s better than not thinking things through though…right? As always, I’ll be updating you all as Girl Ninja and I face some pretty significant life decisions, and I will definitely be blogging about our financial journey throughout this process.
What’s the most significant decision you and your significant other have had to make? How much of a pay cut would you stomach for your dream job? Do you set annual financial goals for yourself?