For us, it would mean we could get a new house in the next year or two, instead of waiting 3+ years.... which would also mean that we would try for baby #2 faster since we could afford to pay for 2 kids in daycare at the same time.
How would it affect you?
hostess / watermelon / 14932 posts
we could pay off our credit card and student loan debt faster, and get the heck out of this apartment and buy a home!
GOLD / eggplant / 11517 posts
I could stay home with the baby instead of going back to work.
hostess / wonderful watermelon / 39513 posts
We would save more but live the same...I still want to work and we would still be looking for a house in the same price range.
pineapple / 12526 posts
We would probably save more and live about the same but we'd pay more on my student loans.
grapefruit / 4817 posts
Very little difference for us. I might consider staying home instead of working, but can't say for sure. I stress about money, no matter what, so I doubt that would change. But hey, if someone wants to give it to me, I'll take it!
pomegranate / 3053 posts
After taxes, not a whole lot. But my husband would say that anything is better than nothing and he's probably right. 
We would probably put it towards our kids' education.
cantaloupe / 6164 posts
not a whole lot. we live pretty modestly, but i would definitely quit my part time job to stay home full time. we could get our loans paid off faster too, which would be REALLY nice.
persimmon / 1205 posts
It would allow us to get into a new home faster, and increase savings but it wouldn't be a huge change. That being said, I would take it in a heartbeat.
hostess / wonderful grape / 20803 posts
Could increase savings. I'm taking a 25% patchy when I go back to work to be part time : /
wonderful cherry / 21504 posts
We would save more but it wouldn't change our day to day. We haven't really changed our spending/living habits as DH has gotten big raises at work or anything.
pear / 1769 posts
We would just put it towards our house fund savings for when we buy after we move.
cantaloupe / 6146 posts
We would buy a Bose home entertainment system and go out to the movies every once in awhile. We'd be able to give more to charity and save more for LO's college and our retirement
pomegranate / 3716 posts
After taxes, I don't think it makes a huge difference... DH actually got a 25k raise this summer, but we still live the same. We are able to save a few hundred more a month, which in the long run will be great!
pomegranate / 3890 posts
be able to save for los college, pay off hte morage a lot faster and be able to do alot more fun things! ahh i wish!
grapefruit / 4006 posts
we'd just have more in savings, but would probably live the same lifestyle. Our incomes have increased steadily since we first met, but we still continue to live the same lifestyle. i don't know if that will ever change given our values on money.
blogger / wonderful cherry / 21616 posts
I'd love to be able to save most of it, which we would then be put toward building a house in the future!
OR we could use it for child care so I could go back and finish school.
nectarine / 2797 posts
I'd drop down to part time and use it to pay our healthcare expenses since I don't think I'd get benefits anymore if I wasn't working FT.
pomelo / 5331 posts
We'd save a little more and DH would be a little less stressed out about money. He keeps forgetting we're fine
wonderful grape / 20453 posts
before or after taxes? ha.
We could finish all the home renos we want to do!
bananas / 9118 posts
It would bring us back to our pre-baby cash flow when I worked full time instead of part-time. We would have some extra money for luxuries immediately, instead of saving up (replace our broken dryer and fridge that is on the fritz). We would also be putting way more into savings.
GOLD / cantaloupe / 6581 posts
Well, for starters I could pay off my student loans faster... and then make an extra one or two mortgage payments a year...and not have to worry at all about day care costs...
Yep, an extra 20K would be lovely! Not gonna happen anytime soon though, so we will just keep working with what we have
honeydew / 7589 posts
Oh my gosh... it would change our lives drastically. Eliminate so much stress, allow for so many more little luxuries and vacations, and allow us to save A LOT more.
pomelo / 5321 posts
We'd be able to put DS into daycare and I could go to school! We'd probably be able to save some too.
coconut / 8475 posts
@Mrs. Jacks: I know...right?
We would find a way to spend it that made little to no difference in the long run I think. More $$ more expenses. Maybe if it were given to us in a lump sum at the END of each year...then we could do something with it (put all towards principle of mortgage or take a few weeks on an overseas trip...invest it). But if it were divided and just added to our paychecks we would use it up so fast.
GOLD / wonderful coffee bean / 18478 posts
I don't think it would make that much of a difference for us either.
honeydew / 7917 posts
DH makes about $30k more a year than when we first moved into our house 3 years ago. That means that I can stay at home with my LO since I was making less than $30k at my last job. The extra money helps pay the bills, and we are able to live comfortably.
pomelo / 5041 posts
For me, it would mean buying our home sooner, paying off CC debt, and buying big pieces of furniture, oh and when we get pregnant, relieving my fear about affording childcare.
cantaloupe / 6730 posts
Oh my gosh, my debt would be gone and we could build up a proper savings. It would be great.
coconut / 8305 posts
Debt would be gone almost immediately, we could buy a house, I most certainly wouldn't have to work AT ALL (right now I supplement by WAH), we'd be able to save, and take family vacations.... 20k would make a huge difference in our lives!
pineapple / 12234 posts
We could pay off our debt and afford to build a new house faster than we plan to now (in a year).
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