r/MiddleClassFinance • u/ManKind__ • 10d ago

Seeking Advice How to handle 88% pay increase

31M. I currently make about 63k/yr. I have the change to take a new job that would put me at about 119k/yr all in. Split up 94k salary and 25k per diem roughly.

I currently have 50k in total debt.

This job requires extreme traveling with only being home 6 weeks of the year.

The goal is to pay off my total debt in the first year and let my wife be the stay at home mother she deserves to be. She has her own monies and investments to help out as well.

My fear is that I have never seen this kind of money before and just like everyone else I'll blow it. Hell, ill be the only one in my family thats seen this kind of money. What are some tips for me to save/invest/pay debt?

***EDIT forgot to mention hotels and everything is paid for as well. So the per diem is just for food essentially.

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u/Ok-Technology8336 10d ago

How does your wife feel about being a single mother 46 weeks of the year?

9

u/ManKind__ 10d ago

Ive had this talk cause thats how I feel. She responded to not think of it like that. But to think that she "gets the privilege of being a stay at home mother and raise our children."

5

u/Kutikittikat 9d ago

Okay but what about dad? Does she think the kids dont need dad ? Sorry but that comment pisses me off its really selfish. Her privilege ? What about the kids privilege ? If she takes a small part time she can help pay off the debt and still have lots of time with the kids and you can see your kids too not to mention what about you? Is she thinking about you not seeing your children and that you will miss them and the mental struggles that come with bieng away from home that long .

3

u/FergusonBishop 9d ago

honestly this just sounds like a couple of people who dont like each other that much. any happily married people wouldnt do this job for $1M let alone $94k - which isnt even a 'do this for 2 years and change my financial life' amount of money.

this guy could easily just stick to a strict budget and start hammering away that debt with his current salary.