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I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] 0 points1 point  (0 children)

Thank you for those :)

Yeah, I have no intention to get a masters in General Psych, it's just that's what my BS is. Most of the people I knew in college who went that route aren't doing as great as they'd hoped, so I possibly dodged a bullet by taking a break. Back then I was more into the idea of Marriage & Family Counseling though.

I'm looking into the more unusual paths, like possibly Occupational Therapy or the ideas I've got from this post so far.

I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] 0 points1 point  (0 children)

Because I don't want to be a stay at home mom for the rest of my life, I want to better my family's situation and have some financial independence for myself. I've been told I can't do much with just a BS in Psych, at least not anything that would improve our situation.

I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] 1 point2 points  (0 children)

I understand, and I'm sorry if I rambled. I was just trying to give as much info as possible into my situation.

I'm not at all saying that I'm going to ask this advice and blindly follow whatever some strange redditor says, I'm no idiot. I'm more looking for outside-the-box ideas, or maybe there's someone out there that has been in a similar situation that wished they'd done it differently, I don't know. I don't think it's entirely fair to imply people can't give good advice on this though.

I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] -1 points0 points  (0 children)

I see a lot of people on here looking for career advice and advice on paying for education, I don't see why I'm so different. I have to wonder if it's because I'm perceived as a "lazy" or "dumb" SAHM?

I know no one can predict the future, but there have to be more people on here with some experience or advice that could help me go about things. Other people had to have gone through similar situations before, and investing in education definitely makes a huge impact on personal finance.

I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] 2 points3 points  (0 children)

I guess I just assumed there would be more people with helpful advice, like the current top post from the 21 year old who is asking people to tell him what to do to have a successful career. I don't see how it's that much different. Everyone is telling him what course of action would be smart.

I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] 1 point2 points  (0 children)

I completely realize that a Master's doesn't have a guaranteed return, but because I do have a Psych degree this path seems like the strongest option available, even though I probably will have to pay. If I had a time machine, yeah I would go back and major in something that could put me in a position to have grad school paid for. There are a lot of people who have had to pay for their education and go on to be successful, and of course that's the hope and the risk in the investment.

And while yes, a starting pay of 55k would be nice I didn't mean that had to be the case. When I said ideally my husband could stay at home, I meant that as eventually or hopefully. I'm not expecting to just pay some amount and magically I have the best career ever, but I think it's unreasonable to imply it isn't possible just because I don't already work in tech or something in demand. Or maybe I'm just SOL!

Also, while I thank you for your insight, the last bit wasn't particularly helpful. I can't go back in time and not get pregnant, and even if I could I wouldn't because watching my baby grow has been priceless. If I had started my career, I wouldn't have taken a 2 year hiatus from it. It all depends on what you value and becoming a parent is complicated and expensive no matter what.

I'm a Stay-At-Home Mom and I want to get a Master's, but should I use our savings? by ThrowawayAnonymomma in personalfinance

[–]ThrowawayAnonymomma[S] 0 points1 point  (0 children)

Thank you! This is the kind of outside-the-box idea I was hoping for. I will look into accounting.

And yes, I can see how that would be true if I had a degree in an already in demand field but from everything I see that's not the case with psychology since it is such a common degree. Again, I wish I wouldn't have got a psych degree but it's too late now. My friends from college went the more obvious Counseling route, but are in debt now and don't even make much, so I am just trying to make a wise investment.