Do you ever feel like you can work, and work, and then work some more and still, with all that work, you are barely getting ahead?
I had this slap in the face last week one night. I was in bed, trying to fall asleep, when I started adding up all of the expenses coming up in the next 12 months. Don't ever do this, it is not a good idea!
Needless to say I got up and out of bed because knowing me I would be dreaming about this all night, so I needed a calculator and some paper. Here was my breakdown...
Daycare: $1200 a month x 10 months = $12000
CPA Exam Registration and Fees= $1,000
CPA Exam Review Course $1500-$4000) $2200
Tuition @ School (job will be for credit) $2000
This doesn't include our daycare deposit, the purchase of 2 new carseats, and Christmas shopping.
Here's the deal with the huge daycare bill....I'll be working from January until April 15th, and then studying FULL TIME (yes, 40-50 hours per week) for the CPA exams. I'll start back at the office in October. I have to study this way, I don't have a choice. Each exam suggests you put in 100-120 hours of study time. There are 4 exams, so this will take me all summer. I lie, I do have a choice, I could lose my daycare spot, and stay home with the kids, and then try to study for the exams when I start work back up in October-- after work, all weekend, etc. And people do this, but given the luxury of not having to do this is equivalent of someone asking you if you want a new car...for free...and they'd pay the taxes.
We'll need $17,000, I am sure we will get it, we just won't have much fun with our 2 incomes until I start back up in October. Because we'll be saving every freaking penny!!
I guess we won't be paying off much debt this year and that just sucks. (But I will look on the bright side, we won't have to go into debt for all of this either, so that is great). We'll get those loans down someday, somehow....