I will be graduating with my graduate degree in a few months. Next up is what is called a postdoc. Its basically me working (research) but getting paid poorly. Kind of like a residency for MDs. I have the entire country at my fingertips for a postdoc.
Right now DW works, we have a nice house (which we can’t afford and are selling right now) and the DD and DS are in day care. The ideal situation would be to get a postdoc of my choosing and DW stays home with the children. But that would mean that a family of 4 would have to live on roughly $36K per year before taxes, insurance, etc. Can this be done?
In my mind it can. It would require selling a car (becoming a one car family), living in a 2 bedroom apartment or condo which would mean kids sharing a room and not having any space (compared to a house right now), being very tight on the grocery budget, never eating out, etc.
The good news is a postdoc will only last at most 3 years before I can get a real job. And each year there is a raise so I will be making a little more each year. Does this sound reasonable? We would have no cable or very limited cable, etc.
The way we are living right now is nice, but I know it won’t last forever. My wife HATES change and I fear this would be a big change for her. Any suggestions, or tips would be greatly appreciated.
ETA: my wife does want to be a SAHM so this isn’t just my plan, its OUR plan.