Four months ago my sister-in-law made the decision to quit her job as a graveyard-shift pharmacy manager in exchange for a better schedule working as a bank teller. To her, taking a monthly pay cut of almost $2,000 was worth it... if it meant she had more time to take care of her newborn daughter. At the time, she could afford it, my brother was the main bread winner in their marriage, bringing home $85,000 annually. He worked for a mid-size software company as a computer programmer, a job he had held for almost a decade. Three months ago my brother was laid off due to downsizing. So far, he hasn't had any luck in finding a replacement.
Last month my father, who worked as a furniture salesman for the same company for over 15 years, was laid off. Two days ago my mother was laid off. They are both 55 years old with college degrees that don't hold much value in the United States. I don't know how lucky they will be in finding new jobs with comparable salaries to the ones they had before.
Both my parents and my brother also made some crucial financial mistakes, mistakes that I was able to learn from like... racking up mountains of credit card debt, buying a house they couldn't afford, and getting suckered into some pretty bad car deals.
The string of bad news made me realize that for once in my life my family desperately needed my help. Both of my parents have sacrificed more than I could ever imagine just to ensure that I could have what they did not. For starters, an American citizenship, an American education, and more high-paying job opportunities... It struck me that after everything they have done for me, it was now my turn to give back, to do what I could to ease their troubles instead of it always being the other way around.
Although I personally don't have a six figure income, I am financially stable and perfectly able to give them a helping hand. I knew my brother couldn't afford to stay in his apartment and I knew my parents couldn't afford to keep up with their mortgage payments. After a bit of discussion, I convinced Mason to let my entire immediate family move in with us. Why have a 4 bedroom house if you never intend to use all the rooms, right?
Sure, we can't run around naked or have wild sex parties like we use to but they won't be living in our house forever (HOPEFULLY). I'll admit, it's a less than desirable situation, even if it's not permanent. The baby is always crying, my brother is always watching Fox News, and my mom is always barging in on Mason and I at the most inopportune times... But they're family and I am extremely grateful that I am at a stage in my life where I can afford to help them out. I'm even more grateful that I'm with a man who understands. In the mean time my parents will try to rent out their own home to generate some income while they all search for new jobs.
HOW HAS THE RECESSION AFFECTED YOU?
CLICK HERE TO COMMENT
CLICK HERE TO COMMENT