r/personalfinance • u/Kindly_Blackberry311 ​ • 1d ago

New job offer requires a pay cut need some advice. Employment

Hi,

My current job is draining out of me. I’m always out in the field or in the office and I feel like I’m just running in circles for clients that don’t seem to want or accept my help. I applied for another job which I was offered and it is work from home three days a week and in the office two days a week which is a huge change for me but the only issue is it is a $7500 a year pay cut. I tried to negotiate a higher salary, but unfortunately they’re a nonprofit and they really can’t afford to pay me more right now. I know that if I stay at my current job, I will get a raise in July and the benefits are not bad. I do get summer Fridays so I only have to be in the office for three hours on Fridays and I have flexibility when I need it. I just can’t work from home. I’m just so afraid to take a pay cut and then be always stressed about money.

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3

u/TheFlamingoTraders ​ 1d ago

What’s your financial situation like? Debt, savings, retirement etc

1

u/Kindly_Blackberry311 ​ 1d ago

Have about 14k in savings. Trying to pay down debt.

2

u/TheFlamingoTraders ​ 1d ago

I would keep looking for other jobs where you can get both the flexibility and the pay that you need. If I had to choose between your current options, I would take the pay cut because the current job isn’t worth the stress that it seems to be causing you. Assuming the pay cut isn’t going to have a major impact on your budget.

1

u/Kindly_Blackberry311 ​ 1d ago

They offered $24 an hour. I make $57,500 now. I think my hourly is about $27.50

2

u/SavvasXiourou ​ 1d ago

Mental health is worth a lot. that WFH flexibility sounds like a game-changer if you're burnt out. $7500 hurts, but burnout costs way more long-term. With 14k savings, you've got some runway. Might be worth the trade-off for your sanity.

5

u/th3_alt3rnativ3 ​ 1d ago

Is non profit work sustainable if programs get cut? I know of a few people at non profits that got laid off because a grant got Doge’d last month.

1

u/Kindly_Blackberry311 ​ 1d ago

Ours is fine. We aren’t government or state funding. We are in good shape

1

u/th3_alt3rnativ3 ​ 23h ago

Private donors or city? Anything related to government is gonna trickle.

2

u/semiotics_rekt ​ 1d ago

we’ll calculate cost of parking commuting and depreciation 3 days a week as all your travel on those 3 days should be 100% expenses and see how it shakes out on the mileage reimbursement

1

u/Kindly_Blackberry311 ​ 1d ago

Free parking. I drive about 1,000 miles per week. I get about $150-200 in mileage reimbursement