Hey Folks,
I'm looking for advice. I currently don't have a Bachelor's degree, and I'm wondering what people think about the cost-benefit analysis of finishing it is. I work in software engineering management, so the degree would be in computer science. I currently need 27 more credits to finish, and I have not taken a class in two years.
Costs:
Money - Around $10k in tuition, probably another $3k in extra driving to the local college.
Time - I'd be doing this over the next two years. My wife and I have two children, and we'd like to have another soon.
Current situation:
I currently make $90k in a low COLA, but I consistently work 50-55 hours a week. My biggest worries about not having a degree are that I'll lose my job before I've had enough time in my field (currently three years) for it not to matter. While I acquired my first job without a degree with relative ease, I am nervous about past results not being a predictor of future ones. :) I'd like to FIRE in five to eight years, but that's completely dependent on keeping this salary level or higher. On the home front, I'm worried about taking more on and what that will mean for my family.
Has anyone been in a similar situation? What'd you do, how'd it turn out, etc.
Thanks for the advice!
Frugally