Thinking of working two jobs - am I mad?

absolutegroove

First of all I have unemployed for the last while and I'm lucky to be finding work.

The question I have is:

I may be offered a Mon-Fri 9-5 with one company but separate to this I may be offered to work a saturday only with another company.

The first job will be €42000 per year and the saturday work will be worth €350 per day. Not bad at all me thinks.

The only reason I'm considering in doing both is to save as much as I can for a deposit on a house.

Can anyone tell me the pro's and con's to my idea.

hobochris

Id check the tax situation out, the second job may not be worth it after tax.

donkey balls

make sure that the work your doing on saturday does not conflict with the mon-fri job,could there be a conflict of interest(i.e working for the competitor).

also your job on saturday will be taxed to f**k why not give it a go for a few weeks see how you get on

bruce wayne

first job
gross = 42000
year net = 30893
month net = 2574
week net = 594

first & second job
gross = 59500 (assuming 350*50 weeks)
year net = 39817
month net = 3318
week net = 766

so for the extra 350 a week your better of by
year = 8924
month = 744
week = 172

you'll get to keep just over half the 350 extra a week. is that worth losing a day off for ? That said it could come in very handy when applying for a mortgage as a multiple of 59K is better than a multiple of 42K.

your call I guess

absolutegroove

Thanks for the help. I think I may have been blinded by the lights.

It's just I wanted to get a deposit for a house as quick as possible as I sick of renting.

I may have a think about it as it could lead to burn out and to not having much of a life

bruce wayne

well assuming its all above board with payslips and stuff it might be worth doing as within a year you'll have an addittional 9K and on 42K the EBS will give you 227 K over 35 years, but on 59K the they will give you 251K over the 35 years.....thats an extra 25K in borrowing capacity.

I got the numbers from the EBS website and assumed your applying as a single applicant for simplicity.

CSC

Think of work/life balance as well. I have worked a number of six day weeks over the summer and they are an absolute nightmare.

Pythia

My boyfriend has worked two jobs for the last year or so. It's only do-able in the short-term and you have an end in sight. He is finishing up this week. In terms of the mortgage, be careful as to what is accepted for the salary and what isn't. They often don't count certain things.

The Big Red Button

If it were me I'd jump at the chance to earn some extra cash.

Even after tax (as worked out by a previous poster) you're still earning €172 for one day's work. That's pretty good.

The other job is 9-5 - you still have all those evenings off as well as a full day off Sundays. And presumably you'll have the odd bank holiday, annual leave days etc.

As soon as the Saturday job gets too much for you, you can resign.

But can I just ask the nature of the work? If it's fairly non-taxing office work, you shouldn't have a problem. If however it's heavy physical labour, that's different.

If you do decide to taken on both, just make sure you take care of your health (both physical and mental) and ensure you plan meals etc well in advance. And you shouldn't have to abandon your social life altogether!

Best of luck with whatever you decide.

gline

chatterpillar wrote: »

But can I just ask the nature of the work? If it's fairly non-taxing office work, you shouldn't have a problem. If however it's heavy physical labour, that's different.

.

This does make a big difference. A few years ago I worked 2x jobs for about 4 months, one was 9-5 mon-fri, the other was 20 hours on weekends and some evenings, however they were both office jobs so it wasnt too bad, but if it was physical labour, it would be very hard and you would have to be very motivated.

One thing to check aswell is - the contract for the 9-5 job, it may state you cannot actually work another job or another job in the same industry. Even if it doesnt, I wouldnt tell your manager that you have a saturday job aswell, sometimes they can use this to give you hassle e.g. they say your work is dipping on Monday mornings because you are working another job etc, the less they know the better

the_syco

absolutegroove wrote: »

I may have a think about it as it could lead to burn out and to not having much of a life

Also, when you finish work on Friday, many people will be going out for "one or two drinks". If you're working next day, you won't be able to, and this may affect how you interact sociably with your workmates.

R.D. aka MR.D

I worked 7 days a week for about 4 months and i found after the first few weeks i got used to it. But saying that i was single, if your in a relationship it might put a strain on it.

MariMel

My OH has 2 jobs, one mon-fri and the other in the evenings 3 days between thurs to sunday. He is doing it as we are getting married soon and are saving for that. But if i am honest I dont know if it is worth it. In the very short term, as in a few weeks or a couple of months....then maybe...but defo not long term.
He is tired all the time, we spend any free time we have together doing housework or shopping or travelling to do things, visit people etc. Never have we had so little time together. So yes....it can put a strain on relationships.
Thankfully in our situation the end is in sight. I'm making him take a day or two off during the week to just relax and unwind. Only a few more weeks of such madness. Saying that he will still work one evening at the weekends, but that will be grand, we're more than used to that.

The_Conductor

I'd echo what everyone else is saying here. Yes, you get EUR170 a week net for working the extra day- and if you have a shortterm plan that requires the cash- so be it. Its not achievable in the long run. I did it for about 2 years to put together the deposit for our house (years ago) and swore I'd never do it again. Its tough, really really tough, and you have no social life whatsoever. The one day of the week you do have off- you'll spend recouperating from the previous 6 days. Its a hard slog, and if you don't have an end in sight- it can be totally soul destroying.

There is far more to life than money........

Wuggectumondo

Wow good on you getting two jobs!!!!

Well unless the Sat job is something very different and something that you'd enjoy (like for instance if you teach art classes or something)... working 6 days a week is not something I'd do again... In theory it sounds great- more money, but I went crazy feeling a bit trapped with no spare time.

As another poster said- short term with the end in sight is doable but long-term can be a nightmare. I did it during a time when I had no husband or kids...