Eventually we will be moving 5.5 hrs away (family of 5). Hopefully my husband can secure a job before we move, but IF he can't, which is the better option?
First, a little info...Our monthly bills (rent, utilities, groceries, etc) are about $2500. I only bring in about $165/week babysitting. We will not be moving until we have at least 20K saved ( 12K for down payment etc, and 8K for transitional money)
#1 DH quits his job, moves there alone and rents a sublet for a month or 2...hopefully less(say $650/mo) and looks for a job there. Once he starts work, we start looking for a house. (DH can look in person and I can look online, plus I will make a trip or 2 out there to see any homes he really loves). It would be nice not to have to drag the kids with us, and we would still have a little money coming in. Plus we would only have to move the kids once...hopefully during the summer so switching schools mid year wouldn't be an issue. But on the downside, whatever money I made would sort of be nil since we would be paying for rent x2.
#2 We move as a family and rent an apt. or house for 6 mo- 1yr. DH looks for a job and I try to look for a child to babysit. We look for a house when our lease is about up. On the upside, we would only be paying one rent. Also, we would be able to familiarize ourselves with the area before making such a huge committment to a house. On the downside, we would have ZERO income at first (scary!) and another BIG negative is that we would have to move twice, and probably have the children change schools twice
I really didn't want to do that.
SO what should we do? Or if you have an #3 you could suggest, I am all ears!