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Re: Advice for 1st year teacher
Ramsay... isn't that the guy that undercooks his eggs and yells at everyone?
That's likely not feasible as a first year teacher who graduates with debt.
A better piece of advice is to live on half to two thirds of your take-home.
Someone making $52k (a reasonable to good first year salary) is likely taking home $3800 a month after taxes and insurance. Living off $1900 is possible in SOME areas - but rent alone will be over $750, probably closer to $1000 if you're close to any urban area, and then there's phone bill, water, gas, and electric another $400, car and homeowners/renters insurance another $200. That leaves $200-400 a month for food, clothing, incidentals, gas, a car payment, and if they choose to, entertainment/internet. That's not much of a life to live - ramen every night and walking everywhere gets old.
Just remember to start your 403b/Roth IRA/401k THE FIRST YEAR you teach. Don't wait an extra year. Put money into retirement in addition to TRS.
Be frugal. Don't put a lot on your credit cards. Don't buy things for your work out of your own pocket - music, scores, etc. Fill out the PO and be patient, and plan ahead.
Above all else - make sure that any time you're working, you're getting paid for it. Arrange a piece for your band? Pay yourself an arranger's fee. Write the drill? Pay yourself as a drillwriter. You're working OUTSIDE the scope of your job to do things, pay yourself outside the scope of your salary. Some districts will require extra paperwork for this, so BE CAREFUL - but don't ever work for free!