So we're both in a rut. My firm is having a hard time, hit hard by the economy. I don't think we're closing our doors any time soon, but everyone (even us owners) have taken a 30% pay cut. And I don't see the light at the end of the tunnel. We also aren't paid holidays, and are not accruing PTO. So all holidays and days off are unpaid. DH is still getting his full pay, but the firm hasn't had raises in three years. So we're both down. The house (like many others) isn't worth what we owe, but we can't negotiate anything on our mortgage since we make enough right now. (We are still barely scraping by monthly, between expenses and daycare.)
So we have been batting around the idea of moving back to Florida, by my family. Cost of living is incredibly cheaper. We could get a big lakefront house for half the price of our small lot home here. We would have family around (my parents, sister's family, my extended family) to help. (No family here.)
On the flip side, we have an amazing group of friends here that is our local family. I would be incredibly sad to leave them. And the girls love their daycare/preschool. So I would be sad to uproot them. I own a portion of my company. But it's hard to not consider moving. Financially, it would be much easier. But I just don't know...to imagine starting over at jobs, just sounds so daunting...
If you got all the way to the end, thank you:) What would you do?
Re: What would you do? (Re: moving cross country, long)
That is tough, but if it was me, I would move in a heartbeat. My family's health, wealth, and well being means more than anything. The girls will have a good school in a new location, you will make new friends, and we will still be here to help with support. You will also have your family close to you in FL.
What is the job situation like in Florida? Would you be able to find something quickly or before you get there?
If I was guaranteed a job, I would move in. It sounds like it is a good financial move for you and there is nothing better than being close to family (that is, if you like them!).
Good luck with your decision!
After seeing the segment on the national news this morning about houses under 150K around the country, I was ready to call DH and tell him we were moving! After being in San Diego for two weeks, I told DH to start looking for a job there. I figure we'll make new friends and the kids will adjust to changes in schools. It would be so nice to have family around to help (if they really would and wouldn't inject their own contrary opinions) and have a much lower cost of living (assuming you could still make more)
Isn't Florida in worse financial shape than we are? Wouldn't want to jump out of the frying pan and into the fire.
I agree with the other posters in that it all sounds great for moving, except that you haven't given any details about the potential for a job in FL. If you have a job lined up, I would move in a heartbeat. Your girls are so young, I wouldn't give their daycare/preschool a second thought. They're flexible and you'll find a great situation for them anywhere else.
We loved NorCal, but moved soon after my first son was born as we had the opportunity for a higher quality of life elsewhere (easier to live on one income, larger house, etc.)
We would definitely work to line up jobs before we even considered moving. Florida is definitely in a bad place too, bad economy, etc. But we wouldn't move without jobs. DH is considering sending resumes out. I guess I would have to dust off my resume (been at this job since I graduated college 10 years ago!) and send it out too. From a quick look at craigslist, there are positions open in both of our fields.
Thank you so much for the input. My biggest concern would be keeping the girls happy. And I know we would all miss everyone out here, but to be close to family again would be so amazing...
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Harmony Doula
It's a tough call, DH and I just moved from our families (from the Bay area to Sacramento), about 2 years ago. We moved so we could afford to buy a house and raise our family. It's not a cross country move by any means, but it was a start over process for us both. We both had to find new jobs, make friends, etc.
I think it's worth it if you are bettering the situation overall for your family.