The Real-World Cost of Getting a GED: About $1000

Everyone has probably heard that people who don't graduate from high school don't make as much money over the course of their work life as those who did finish school. I knew that, I was aware of what I was giving up, and I quit school anyway. I was young, and infatuated with someone, and in the haze of what I thought was "true love" school seemed inconsequential. I never officially withdrew from school, I just decided one day that I wasn't going back. I figured that it didn't really make any difference, but as it turns out, quitting school cost me in more ways than I could have conceived.

The person I was dating never encouraged me to go back to school, and I was just along for the ride. I ended up getting a few dead-end jobs, first as an assistant at a dog grooming salon, then as an attendant at a car wash, then as a waitress at a Waffle House. All of these jobs brought in money, true enough, but none brought in enough to even pay half of the bills. I felt cheated and unfulfilled.

Then, I learned that I was expecting a baby. I was 21, and work immediately took a back seat to making sure I had a happy, healthy baby. My fiance (now my husband) and I discussed it at length, and we decided that I would stay home and take care of the baby and the household. It would have been cost-prohibitive for me to return to work at that point, because child-care expenses, fuel, and other costs would have consumed my entire paycheck.

When my oldest entered school, I took stock of my life. I decided that when my other daughter was old enough to start school, that I would go back to work. First, I needed a high-school diploma. I looked into GED classes at the high school in my town, and I was told that the prep course would cost $100, and to take the exam for my GED would cost $50. I signed up, and started classes the next Monday.

Studying for my GED wasn't without its costs after the initial investment. I had to pay for gas to get back and forth between home and the school, and my husband and I also had to pay for a babysitter five evenings a week. If he had been able to take care of them, that would have saved us a lot of money, but his job was dependent on him working evenings and it wasn't possible for him to take the kids along. All in all, we probably spent $1000 so I could get my GED.

• Child care cost us $30 per day, five days a week.
  
  
• I spent an average of $10 per day on gas.
  
  
• The GED prep course cost $100.
  
  
• The exam (which thankfully I passed on my first try) set us back $50.

For me, quitting high school was one of the biggest mistakes of my life. When I think back to what else my family could have had with that $1000, I think that:

• We could have taken a family vacation to the Florida Keys. I've been there before and I'd love to return.
  
  
• I would have had the money to have some work done on my car. If I would have put that money into my vehicle, it would probably be fully restored by now.
  
  
• My girls would have been able to go to summer camp, which they have wanted to do for about two years.
  
  
• We'd have a big-screen TV and home theater system instead of the 17" and the bookshelf stereo that we have now.
  
  
• My husband and I would have been able to afford to have a getaway for two, maybe a couple of days in the Bahamas.
  
  
• I'd be able to buy my daughters more things that they want. Sometimes I feel badly because I can't buy them more toys and clothes like the other girls at school.
  
  

So, by impulsively quitting high school, I set myself way back. I'm just now getting to where I should have been, career-wise, ten years ago. I'm hoping to land a regular job, but that's tough these days. Meanwhile, I'm doing some freelance writing from home in order to bring in a little extra cash.

If I had it to do all over again, I would have finished school and then taken some college courses, maybe in graphic design or fitness and nutrition. If I can finance it somehow, I may still take some classes. The moral of my story is: Don't quit school, or it will cost you money far into the future.

--> CLICK HERE TO VOTE IN THE DEBT POLL <--

Stay-at-Home Moms: Returning to Work for Financial Security Reasons

I have been a stay-at-home mom to two little girls, for the last eight years. I was privileged to be able to be there for all their "firsts"- first steps, first words, first day of kindergarten. Now that they are both in school, it's time for me to re-enter the work force. Why am I going back to work? Well, there are a few reasons. I want to feel as if I am contributing to the household financially. I sell a little bit here and there on eBay, but that's barely enough to pay the monthly premium on our family health insurance. Money is really tight right now in our house, and it's getting harder and harder to get by on one income. My husband is self-employed, delivering steak and seafood to restaurants, and business has suffered because of the recession. I guess fewer people are eating out these days, so orders haven't been as fast coming in. We have about $15,000 in credit card debt. All three of our cards are at about 28% interest, and we can barely afford to pay the minimum, which averages out to about $250 a month. Sometimes we try to pay a little more, but most months we pay just enough to get by- and the bills just keep coming.

Since I have actively been seeking a job, I have had four interviews, each with the typical questions about skills, experiences, and qualities that I could bring to the job. None of them had the result I was hoping for. Every employer wants someone with more experience, and I don't have a lot because I have been at home with my children since I was 21. I have a lot of skills, such as multitasking, and working under stress, but my time as an at-home parent doesn't count toward my resume. It's a catch-22. I can't get a job due to lack of a work history, but I can't get any experience until someone hires me.

In order to return to the working world, I have taken classes online, and researched extensively on corporate America and what employers are looking for. I know there are a lot of people out of work these days, and most of those people definitely have more skills than I do. It's hard to get back into the game, after being at home for so long. When I finally do land a job, hopefully it will be during the hours my children are in school. That will save me a lot on daycare expenses. Child-care centers in my area charge about $120 a week, per child. If I cannot find a job with the hours I am hoping for, I will probably ask my family for help with caring for my children. It's important for a parent to have a support system in place when they decide to return to work, and I'm really fortunate to have a loving and helpful family.

As far as salary goes, that's negotiable. I'd like to make at least ten dollars an hour, but right now I'd take anything above minimum wage. High-paying jobs are scarce these days, I know. I'd take a job with no medical benefits, because my husband, children and I already have insurance, which I finance through my eBay selling.

I'd really like to find a job that allows me to set up an IRA or a 401k, because I have not begun to save for retirement. I have no delusions that Social Security will be enough to keep me afloat when I get older, so I'd like to be able to start putting some money away.

Returning to the corporate world is tough (it has been so far, anyway.) I'll keep you posted on my progress, and provide other useful tips in my next post.

And, of course, if you have any advice for me, please post your thoughts in the comments section of this entry. Thanks!

--> CLICK HERE TO VOTE IN THE DEBT POLL <--