Dream job has come up but rubbish money, how do others make it work?

Paws

I'm trying to move out of my current industry and I've found my dream job but it's paying £14,000 and works out at £815 per month which for Central London is awful. :eek:

I'm going to speak to my boyfriend about whether he can suport me in my career change but he's self employed and his income isn't regular. I wish I didn't have to pay 200 quid each month for a loan but that's that for the next few years. :rolleyes:

Maybe I should just wait, I can't see me being able to live on £615 p/m and stay out of debt if I'm honest, that would only just cover my rent never mind food and it's shift work so I can't realistically do two jobs. Grrr....talking myself out of it I think.

*stamps feet* :mad:

davetrousers

What are the prospect like for this job? What will you be earning in 2 - 5 years time?

Paws

No idea really....I'd have left to go self employed probably or perhaps the job I want's manager?

Maybe I should ask what salary the managers are on? Would they even tell me?

Horace

If this is your dream job then apply for it - you are counting your chickens before they are hatched as you haven't got the job yet and you might not be successful.

There are a lot of people who work in London for far less than £14K - a lot of civil servants get £12K and yet they manage. If this is your dream job and you get it then cutback on entertainment spends, buyer a lower brand in the supermarket, cook from scratch, take packed lunches to work - you will do what you can and make the sacrifices because who knows where the job will take you in 2-5 years time? Also, as you are earning less money you will pay less tax.

If it were me, I would apply and if successful make sacrifices without getting into debt to make things work.

scubaangel

Do an SOA based on the potential new job's salary, if your OH is happy to make up any possible shortfall then and it is your dream job go for it.

12 months ago I did the same, walked out of a job which was much better paid in favour of a job which I love, but pays a salary of £600 p/m (at the moment its part time), it's alittle easier for me as I live with my Dad so but I have maintained the amount of housekeeping/rent I pay him as I paid when I had the better paid job so if I ever get a salary increase its 'my' money. I sacrificed alot of my socialising, travelling to see mates at the weekends every couple of weeks etc.

But the other side of the coin is I do alot more of the thing I love best because I now work in the industry, which again means more time spent with my friends from within that industry, the general feeling an achievement when we have another month in profit esp during this financial climate as we are very much a luxury thing. And best of all I don't have that nagging feeling of not wanting to go to work when I get up in the mornings (I still dont want to get up but thats coz I'm lazy, once I'm up I almost look forward to getting to work).

Rockporkchop

How did you work it out at £815 a month? Using an income calculator, £14k works out at about £960 per month. Also, if you are working full time on a fairly low salary you will probably be entitled to tax credits etc so you should check entitledto.com.

Don't talk yourself out of it just because the short term financial rewards aren't so great. You owe it to yourself to at least give it a go. If you really can't manage on the money then you can move on, but at least you tried.

Best of luck.

http://www.listentotaxman.com/index.php?c=1&yr=2009&age=0&add=0&code=&pension=0&time=1&ingr=14000&vw%5B%5D=yr&vw%5B%5D=mth&vw%5B%5D=wk

TotallyBroke

I agree with rockporkchop you will be looking at £960 per month take home. Plus because it is shift work you may get shift allowance. Because it is in central London do you know if they pay London weighting because that too will boost your income.
When you say it is shift work is it the same each month, so is it like say 4 days 4 nights 4 days off or something similar or will the shift change all the time, so maybe earlies, days, nights.

Great_Hairdresser

Apply for the job, when the offer it to you (I am sure they will), try a little negotiation on the salary.
Once they have decided they want you it is more of a ball ache for them to re-advertise and re-interview. They can usually find a few more quid for your salary to save the expence of doing the whole process again.

I have done it, it works.

Good Luck:D