My husband finally has a “real” job. He’s no longer an adjunct; he has a full-time job at a school that seems to like that he prioritizes students and learning. With that full-time job comes benefits — and it’s amazing how much they’re affecting our financial life.
As we enjoy the benefits of having benefits, it really brings home the reasons that many people choose to stick with “real” jobs, even though they hate them. (Luckily, my husband enjoys the college professor lifestyle, and teaching, so we get to have benefits and a job he likes.)
Here have been the biggest perks so far:
Cheaper Health Insurance
We’ve been paying for health insurance on a family basis for years. Though it helped to get a high-deductible plan and open a Health Savings Account a few years ago, it was amazing when my husband’s health benefits kicked in.
We now get health, dental, and vision, and our monthly premium on the high-deductible plan we chose is half of what we were paying before. It’s a very exciting development, especially since we didn’t have vision and dental on our old plan.
Automatic Retirement Account Deductions
We’re also enjoying the retirement account deductions. Yes, we already had money transferring automatically from our checking account to a Roth IRA each month. But that’s a little different than having the money come right out of your paycheck. With an automatic transfer, I can see that the money is in my account — and, while I’ve gotten used to it, there’s something a little psychologically different about not ever seeing the money to begin with. It just goes right into the retirement account.
Not to mention, it comes with a match. We’re contributing what we can to get the maximum match; so we aren’t including the money in the monthly spending plan and are getting free money to boot.
This makes it easy to see why someone with good retirement benefits might be reluctant to quit a job and be forced to take care of that entirely on their own.
Other benefits of working for “the man,” in some cases, include paid vacation, access to certain health services, and reduced-cost child care. My husband has a flexible schedule because of the nature of his work, and that’s nice, too.
My husband’s “real” job is making it easier for me to feel good about my own business, and it’s also been great for his mental well-being. Yes, we can “make it” without the need for more traditional employment. But the benefits and extra financial security that have come with my husband’s job make it difficult to fault those who never will feel comfortable leaving the rat race behind.
Do you have a “real” job? Which benefits do you like the most?