Since our move back to Michigan, our budget and finances have changed for the better. I wanted to highlight a few of these changes in this post.
My new job doesn’t have the best dental insurance. The premiums for two people cost about $76 a month, and has an annual maximum of $1000 per person. That means I’m paying more than $900 a year for the potential of us using up $2000 in benefits. That didn’t seem ideal to me. My previous dental insurance costs only about $40 a month for two people with better coverage. So, I did what I do best: research my options.
It’s been a while since I wrote a blog post. A lot has happened in the last few months. We moved back to Michigan from California, which makes this our third cross-country move.
What’s a postdoc? According to the National Postdoctoral Association (NPA): A postdoc is generally a short-term research position that provides further training in a particular field, and for individuals planning research careers in academia, government, or industry, the postdoc years can be an opportunity to develop independence, hone technical skills, and focus research interests. The postdoc path: understanding the value of a postdoc before you commit (https://www.nationalpostdoc.org/page/postdocket_08171) Lots of fresh PhD graduates do a postdoc, but it’s not necessary, especially if your career plans do not involve academia.
When I first started budgeting, I built a small emergency fund of $1000. This is the first of seven baby steps recommended by Dave Ramsey. Over 6 years, we built up the emergency fund to cover 6 months of expenses. At the same time, we also have sinking funds. So what’s the difference between emergency and sinking funds? And do we need to have both?