Any IC's who are single parents- How do you manage financially?

• Any IC's who are single parents- How do you manage financially? - mt
  • When you are an employee, do you - qualify for EIC? sm
  • I know several IC's, over 50, with no insurance. SM - Retsy Boss
    • insurance - Silliasu
      • insurance - Not always possible to buy
    • Insurance sm - Very Old MT
      • to old MT - Patterson
  • I have worked both FT and IC - me
  • I have 3 but I work as an employee - no name
    • Isn't the biggest difference in tax rate? NM - ???
      • I believe the tax rate is the same for everyone in a certain class since you want to get technical a - no name
  • I am a single parent of 2 and manage just fine as a SE, sm. - MD-MDIer
    • Long distance? - jamie
      • Unlimited long distance for 50 bucks a month.nm - MD-MDIer
    • A few more questions - mt
      • My children are insured by their father and I purchase my - MD-MDIer
        • I just left MDI-MD, so there is an opening! nm - ExMDI-MD
          • may I ask why you left? nm - mt
            • Truthfully - I couldn't get a good line count on Bayscribe. sm - ExMDI-MD
              • Same here. It's very difficult to get anymore than 200 lph - at MDI-MD.
                • Funny, but the lady I talked to on the phone about a job there made me decide right then for some - MQ2
                  • Good for you! There is way better out there. nm - ExMDI'r

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and both inherited big bucks from their parents. My mother never worked a day in her life, including not caring for her kids. My Dad had a nice job. They made me work starting at age 12 to 13 as well. Work ethic? I went from being a kid to having to be an adult at 12. I never did anything fun on the weekends with my peers, like football games, soccer games - I had to work. I worked every day after school, and every weekend. And now I'm still plodding along working in my 50's. My kids don't have to work at 12 and 13. I want them to enjoy life while they can. This old work horse has great ethics, but had no childhood.

than a couple of accounts! I know several MT supes, and they are run ragged! And they don't make anything near $50K, so I am kind of skeptical about that quote. I would bet more in the $30K range. And the logic the companies use for the pay cut from MTing? That's its a guaranteed pay rather than production. I have never heard of an MT supe making that much!

You're here just like the rest of us.  Are you one of those that manages to work in addition to your 8 hour shift to get it when the work is low?

Yes, it can be done.  It isn't easy by any means, but it is possible if you are fortunate to be working for a good company.   

I have supported both my child and I solely on my income as a work-at-home MT.  For a little over a year I picked up some typing on the side for a few hours on the weekends for non-MT related businesses.  That at least paid for the phone bill.  I didn't and still don't owe much of anything, so that's a help.  I have one credit card that I use for groceries and gas, it gives cash back rewards and it's paid off in full every month. I almost own my home with the bank owning a mere pittance. There is no fancy car, no yearly vacations where I actually leave the town I live in, and I've had my TV for 8 years, after my grandmother owned it for 6 years.  Criminey, I don't even subscribe to any magazines.  All books come from the library, all newspapers are read online. I have automatic dedcutions taken from every pay check that are directly deposited into accounts for myself and for my son. We don't have much, but at least we have something. I keep an old ice bucket in the closet that all pocket change goes into.  When my son was little and would ask for pizza I'd tell him if there enough money in the ice bucket, we could get pizza. If there wasn't he'd have to wait.  I still use that bucket.  This year it will go towards flowers for the garden. 

My child is no longer a child, he's in his second year of college.  He workd all through his high school years, bought his own car and gives me 75% of his paycheck that go into the account mentioned above for college when he's home working summers.  He works while at college and that is what he lives on while at college.  He has never asked me for money..yet. 

I worked for a national company for almost two years when I first started out as an MT.  The pay was horrible, they were horrible, and I constantly ran out of work. I have worked for two small companies since leaving that national.  I never EVER refuse OT, I do my 8 hours/day 5 days/week and I work my fanny off.  It's not fun, and some days I hit my head against the wall thinking I can't do one more day of the tedium that is my job. 

I was always here when my son was growing up.  I attended every home sporting event, every awards night, drove him where ever he needed to be, and picked him up when it was done.. I was with him when he was sick, here when he had a problem and needed to talk (whine), and the lucky kid got to come home from school to hot choc. chip cookies out of the oven - not because I was June Cleaver, but because the hormones kicked in and I needed a sugar fix.  We both won.  Just don't tell him that. 

Looking back, the sacrifices for this job, mostly my sanity, have been worth it. Though my son grew up without a father, he had me there every single day, whether he liked it or not. We could never, and still can't keep with the Joneses, but I never liked the Joneses anyway.  I love working at home.  My car looks as new as they day it was bought 8 years ago and it has under 50,000 miles on it. Think of the savings of gas, wear and tear on the car, and your sanity if you have to commute.  I was here when my neighbor fell in the boxwood hedges and couldn't get up. I was here to see my dog scare the beheezies out of the two men from the famous door-to-door religious sect who never made it more than 10 feet up the driveway.  Really, can it get any better? 

I know I am fortunate and I try to remember that every time I type a report from the Bozo that dictates from out in the hall. If you want to be an MT, then I guess the key is to finding the right company, working your butt off, pay yourself first, don't spend what you don't have, and pray your fingers and your brain can survive the MT world.

go for it.   My situation was a bit different in that I wasn't running out of work, just testing the waters.  I applied to about a dozen companies, offered positions with each, took 3 positions to figure which I liked best.  I had worked for a small local company for 13 years as my only experience so was really clueless.   I found it really difficult to switch from the various accounts and scheduling became a nightmare because I really had no clear-cut hours or line counts.  It got to where I wasn't doing a good job, just doing the lines and not caring about the product, plus I was screaming at my son for bothering me while I was trying to work.  Just wasn't worth it. 

you'd be much better off with a private policy.  My family of 4 pays less than $400.00/mo for good insurance.