By JLP | September 9, 2009
Thought this was interesting: 5 Lowest-Paying Majors, And What You Can Do About it.
• Social work
• Special education
• Elementary education
• Home economics
• Music and dance
Okay, so they are low-paying. Big deal. As long as you know this information going in, you can make adjustments to your lifestyle expectations.
For starters, if you know that one of the above careers is for you, I wouldn’t be saddling myself with a lot of student loan debt. Going to college and choosing a career is a business decision and it makes no sense to saddle yourself with $60,000 or more in college debt in order to take a job that pays $30,000 per year.
You should also realize that you most likely will never be rich from working in those fields. In addition, you shouldn’t be trying to live like a rich person with an income from those fields. No fancy cars or expensive clothes for you. Living within your means (which includes putting money back for retirement as well as some savings) will require some sacrifice but if you love what you are doing, you’ll be able to accept that.
It’s not all bad though. I know several families in which both the husband and wife are teachers and they seem to do okay. It can be done.