Quote from alliestar
BTW, I was talking about study habits in my class the other day and mentioned that now before a test I get a really good nights sleep or I can't focus as well as I used to. She, 20 something, responded with "Well, you know after 35, your brain just doesn't work as well. At least I have a few good years left."
I wanted to CRY!
Why is it that there are 20-somethings out there that are really mature and then there are 20-somethings out there like her, giving the rest of them a bad name :angryfire. I seriously hope she is not a nursing student as a comment like that is only a sign that she is not mature enough to be a nurse. Of course that is my opinion.
As far as your concern goes, I'm 37 and am hoping to quit working next summer but I may have to wait another year. I have 2 kids, hubby and dog and the grown up bills just like yourself. But remember, your child is still very little so he/she will play with whatever toy you give them and wear what ever you put on. So he/she will not be missing anything by your income dropping so dramatically. I would be happy to tell you how I am hoping to pay for NS.
My plan right now is to save any extra money that I can. If daycare is closed on a day that my kids attend, I put that money into a seperate savings account that I opened, once I start NS I will need that money to help pay the daycare bill for my little guy, the older one will be in school full-time in September.
My last pay raise has gone right into the bank and I don't even miss it. Every 2 wks when I get paid, I write the check for the difference between before my raise and after my raise and mail off to a savings account that I opened to pay for school expenses. It isn't much but it adds up.
I have also begun selling extra stuff around the house on ebay. When something sells REGARDLESS of how much it sold for, 25% of the money goes toward paying for school, 50% towards paying down debt, and the rest I leave to pay for the listing fees and pay for the occassional thing that I may want to purchase. Then every so often I divide the money that is saved for listing fees the same way. I am diligent with this since I would really like to try and pay down as much debt as possible since I know I will have to create more debt with student loans. But the difference will be that the interest rates on student loans are always much nicer than the credit cards.
I am also preparing to have a garage sale next summer, I have lots of baby stuff that I won't be using but I'm sure there is someone around that could really use it. Slowly I have started boxing things up, then I mark the box "garage sale", "ebay", or I just toss it out. We have tons of stuff in the attic and it is a very slow process but I also work full-time so I do it as I can.
I have also called the NS that I want to attend and got their most current figures for the cost of the ADN program so I know how much to plan on spending. Although l assume your income is too high right now for financial aid (the questionnaire said we did not qualify either), I will still apply for it once I am ready to go full-time as well as apply for scholarships, grants, and of course I will have to take out student loans to help us out financially as well. I would prefer not to work while attending NS but if I must, my school recommends working no more than 20 hrs a week so I have also been looking for part-time jobs at my current workplace (they are few and far between but they are available here). Hopefully I can get something part-time here and my employer will allow me to keep our health insurance at no extra cost.
I started all of this by really sitting down and writing the actual numbers down. DH and I are paid opposite weeks of each other so I know who's check is paying for what bills and his check is covering basically all of our living expenses. We too live paycheck to paycheck but take if from me, if you get that drive to do it, you will find a way. I will not save nearly enough to attend school this fall w/o loans to help us but if I wait another year, it will make a difference.
I have noticed a huge difference in myself alone since making the effort to save for school. I don't spend as much, have actually started shopping smarter to save even more and have noticed that in general I'm not "broke" 2 days after payday anymore. Find what works for you and just do it. But believe me, start small so you only have to make one small change in the beginning as it will take getting used to. For me once I started with just saving my raise money, it snowballed to "hey I don't need this and I could get better money if I sell it on ebay then in a garage sale" to "I don't have to pay daycare 1 day next week so I'll stash that money since by the time I will need it, it will almost cover 2 days of daycare for 1 kid instead of 1 day for 2 kids now".
Send me a message and I will answer any questions you have. I do lots of funky little things that are beginning to pay off after seeming like they were just robbing Peter to pay Paul.