BSN or save for a house?

  1. 0
    Not sure where to post this so steer me in the right direction. I finished ADN school in May, I have a good paying job and I want to pursue my BSN however it is $4000 per semester for 2 semesters and I need to save for a house. I know that my earning potential will go up, but I am currently working in Home health at $24/hr and while that may not seem like much it is pretty good for around here, and all I have is my ADN, and there is no special treatment or pay raise for a BSN. I love home health and do not plan on going to the hospital, but I want my MSN eventually because I know it will be worth it and such an accomplishment. I want to save $20,000 for a down payment on a house, but if I get my BSN that is going to cost me $900 a month for a year which is a pretty good hunk of change, and I am not doing a loan. So this is just a "what would you do" question. Would you... Go ahead and go for the BSN then MSN and put off your dreams of a home for another 2 years (SO SICK OF BEING IN SCHOOL and ready to start seeing the fruits of my labor) or would you put off school a couple of years, save for your home since you have a job and are making decent money for your area on the degree you already have, focus on work and advancing in the company? Thanks for any advice!

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  2. 23 Comments...

  3. 0
    Not that an education is not an investment but I think that I would steer more towards the house. But that's just my opinion and it's probably not worth much I just think that especially since you aren't gonna get any kind of raise. I am definitely not a financial adviser. lol
  4. 0
    Work is more likely to finance your BSN than a house.
    My vote is house .
    Plus education loans are easier achieved than mortgage.
  5. 0
    I would normally promote BSN over house, but you have a job and you didn't say you hated it. Most of the reason I recommend BSN is because of the trouble finding work, but you have that covered. Reconsider if you feel you must to go to a job where BSN is required.

    Get the house. Don't wait too long to go back to school though. Maybe in time you can go to work where there is tuition reimbursement.
  6. 1
    Just because you love your job now, doesn't mean you will feel the same 2, 5, 10 years from now.

    The BSN increases your employability & positions you for your next job.
    amoLucia likes this.
  7. 0
    Work and learn everything you can. Experience has its own value.
    Save your money-call it your "freedom fund". Nothing feels as free as having money in the bank. After a couple of years, you can decide if you want to look at houses or further schooling. When you say an MSN might be 'worth it', do you mean financially lucrative or simply for the joy of learning?
    In the future, you might get a job that has tuition reimbursement and you can work while your employer picks up some of the cost of your BSN.
  8. 0
    During this current time I would say you should return to school and complete you BSN and go for the house afterwards. The minimum requirement for most facilities is a BSN and even with a BSN it is still difficult to find a stable (I'm not referring to per diem) job.

    You need your career to pay for a mortgage.

    Good Luck!
  9. 0
    Definitely go for the house. I don't know about where you are but here a nurse is a nurse for most positions in hospital. Usually only management postings specify that a Bscn is necessary. Every other hospital position is based on seniority as a RN, not level of education, other that specialty areas requiring the certificate pertinent to that area.
  10. 0
    Maybe you could just start taking one or two classes at a time.
  11. 1
    Go for the house now while prices and interest rates are still low and see if your employer can help you chip away at your BSN.
    imintrouble likes this.


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