If you’re like me, you’re scratching you’re head and thinking WTF. Well mi amigos, apparently Kwajilein is one of the freakin’ small islands within the Marshall Islands. Again, if you’re like me you’re wondering “Where the heck are the Marshall Islands?” A quick geography lesson shows that they are located between Hawaii and Australia. Check out the image below…
I got an email yesterday notifying me I’ll be heading there mid September through late October to do some work. I’ve never been off the North American continent so I’m excited to see what other parts of the world are like. A couple random things about Kwajalein (or as I like to call it “The Kwaj”)…
- The population on the island is less than 1,000 people.
- Bicycle is the primary mode of transportation as private vehicles are not allowed.
- It’s 3.4 miles end to end and 0.62 miles at it’s thickest section.
- The island is leased by the U.S.
- The water has 100ft visibility and is 80 degrees….hell yeah!
Anyways, enough about where I’ll be, moving on to more important things… While I am there I will be working 8 hours of overtime a week. I have two options with the overtime I will accrue over the six weeks I’ll be there. Get paid for it (at time and a half) or bank it as paid time off. I’m a terrible decision maker, as noted in previous posts, and would appreciate your input.
Here’s how I think it would break down. If I take overtime pay for the 48 hours I will get paid $1,740 for that time. If I were to add it to my annual leave, I would get paid $1,162 for that time when I did take it off. Here’s a few of my thoughts: If I take the money, then I pocket about $1,218 of it after taxes. That’s a butt load of money to just pass up. If I choose time off I never get that $1,218, but I exchange it for 6 extra days off this year.
So what would you do? Imagine your boss says “Hey you, you can take a week off whenever the heck you want and get paid for it or I’ll give ya an extra paycheck this year.” Which one would you take. The personal finance side of me says take the money and run. The lazy ass in me says take a week off and get paid to do something fun. I guess this is another awesome dilemma to have, but any and all opinions would be appreciated.