Greetings Mustachians!
I'm here on the recommendation of a friend, and I am really quite excited to see the responses I receive!
I currently live in MT, teaching .6 FTE at a public school and making apx $20,000/year off of that job or $1,200/month. I also work weekends and summers at a local bakery and bring in about $4,000/year from that job, $200/month during the school year and about $1,000/month during three months of the summer.
I purchased a condo with the help of HOA and pay ~$600/month (that's mortgage, HOA, and utilities).
My parents offered to lease a car for me as a graduation gift. The lease will be up in December and, should I buy the car that I've leased, I would probably be paying about $150/month (I know leasing a car is anti-mustachian...but it's the current situation).
I also have a dog that (currently, due to medical things) costs ~$200/month (that amount often varies, and will hopefully lower to apx ~$100/month in August...he's a big dog).
Here's the biggest thing: I grew up and went to college in SD. I am the recipient of a scholarship called the "DakotaCorps" scholarship which aims at trying to get youth to stay in the state by paying for most/all of their college tuition, so long as they stay in state for as many years as they received the scholarship + 1 after graduation. Because I chose to move to MT to work, that scholarship became a loan. However, I am currently in graduate school get my Master's Degree, so the loan is deferred and not currently accruing interest. Right now, the loan is ~$21,000. Because some of the loan was paid off in a lump sum, I would only have to teach in SD for about 3 years ($7,000/year taken off of the loan/scholarship).
What I would love to know is if you all think moving back would be a financially savvy move. I have a friend willing to rent the condo for the cost of the mortgage and the utilities, leaving me to pay the HOA and then whatever debt I would accrue in moving back to SD as far as renting, renters insurance, utilities, etc.
I LOVE Montana. I love the school at which I teach.
That being said, long term I would like to pursue a Ph.D for a completely (seriously, completely) unrelated area (it's a long story). I feel that, the sooner I can start working on my Ph.D...perhaps the better?
I also miss my family and friends back in SD....but hate that there is very little to do as far as outdoors things are concerned (I'm not a hunter). I am happier, currently, living in Montana...but want to make sure that I'm making decisions that will make sense for my financial future. I can always move back...but it's going to be awfully hard to earn the $21,000 as a music teacher.
I'm happy to provide any more information that is requested and look forward to hearing from you! Thanks in advance!