My husband took a job that he has been at for a year now. The job is okay, but we hate the area. We have children and I can't stand that they are growing up in a place with racism, crime, and narrow minded people. I have never seen anything like this after living all over the country. I didn't even realize this still existed anywhere. The schools are not the greatest either.
So, when he took the job, he used $12,000 from a relocation package. This is a three year contract that decreases by 33% each year he works. However, with taxes ? The package somehow became $21,000. This part I don't understand. We are willing to stay one more year because school is starting soon here and I hate moving my kids in the middle of a school year. Job searches can take months too.
So is there anyway out of the final year of the contract when the time comes? It will be approximately $7000, when he really only used $12,000 to begin with.
Also, if this helps at all, the company was facing financial difficulties over this past year and my husband was told to collect 1 week of unemployment at two different times this past winter. Although, the company seems to be doing better now.
We bought a house, but it's in a nice neighborhood and should be able to at least break even on that next summer.