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Old 06-13-2008, 03:29 PM
 
4,265 posts, read 11,424,269 times
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Ooooops - I just did a search on FM realty and there were several townhomes in your pricerange in the Cary/Morrisville area. Looks like they can be found. My bad.
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Old 06-13-2008, 04:52 PM
 
245 posts, read 809,334 times
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Welcome! I think your plan is doable, especially if you and hubby remain open-minded about possibly one or both of you supplementing your income with PT work. Plus, you'll have some savings. Sometimes on boards like this it seems as if everyone aspires to the biggest and best this area has to offer. Well, SO much of the QOL factor here is FREE! The parks, the weather, the people, etc!

The switch to staying home may be rough in other ways. After six years, I still have a tough time not having my own (significant) income (I work very PT.) Luckily, it's cool to be cheap in the current economic climate. And you'll have LOTS of company! I know when we lived in CT I was one of very few SAHMs in our town, now here in Cary there's tons of us, and lots of activities and playgroups! And we ALL have to watch $$$!
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Old 06-13-2008, 05:28 PM
 
Location: Cary, NC
8,269 posts, read 25,108,254 times
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OP, I live in a neighborhood in Cary where the homes are in the 160-200K range. It's definitely do-able on your income if you're OK with older, smaller homes (but nice large lots!) and many of the people who live in my neighborhood are teachers!
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Old 06-13-2008, 06:00 PM
 
5,500 posts, read 10,520,957 times
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Quote:
Originally Posted by sswernof View Post
Thanks... I know it won't be easy... just looking for doable. Like I said in my original post, trying to live on Long Island on 90,000 wouldn't be easy either, so we are trying to look at the whole picture (quality of life).
50k in Cary likely won't be much easier than 90k in LI.
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Old 06-13-2008, 06:26 PM
 
9,680 posts, read 27,165,555 times
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Family health insurance is almost $500/month for teachers in NC.

You'll spend less here than on LI, but you'll make less.

Now, if you can rent a decent apt for a few years, you'll do fine. Rents in many areas are reasonable.
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Old 06-13-2008, 07:05 PM
 
Location: Southeastern Cumberland County
983 posts, read 3,988,236 times
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Quote:
Originally Posted by sls76 View Post
Here's the salary guide for NC teachers. You need a lot of experience to make $50k.

Salary Guides

I think from what I've read family insurance will cost another $450 or so per month.
The family insurance is $489.44/month.
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Old 06-13-2008, 07:29 PM
 
40 posts, read 132,715 times
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Thank you all so much. Please keep the info coming!!! It is the only way we can make an informed decision.
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Old 06-13-2008, 08:00 PM
 
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What about moving to Cary, dh working and you can run a home daycare? You could be home and still make money. Maybe just have a few kids to watch, so it's not huge.
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Old 06-14-2008, 03:30 AM
 
9,680 posts, read 27,165,555 times
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Beware of liability issues running a daycare. Also HOA restrictions can bite you.
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Old 06-14-2008, 10:14 AM
 
140 posts, read 1,654,385 times
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I just wanted to commend you for placing more priority on your kids than on a lifestyle.

Most kids I know would much rather spend more time with their parents than have more money.

Others in this thread have been quick to say that you HAVE to have two incomes. But I think it is worth the loss of income to have kids that have grown up enjoying significant, quantitative time with loving parents, instead of getting "what's left" after Dad and Mom have given most of their energy to the workplace.

Caveat: I'm not saying that every family must have a parent that stays home with the kids. But I am saying that having both parents work outside the home should be the exception and not the rule, as it seems now to be.
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