3 Benefits to Get the Most Out of Your Teaching Contract

Benefits to Get the Most Out of Your Teaching Contract

Teachers are the masters of making the most out of what they have, be it ideas, resources, or money. In fact, we might better be coined magicians because half of what we do seems to come out of thin air! Let’s take a look at 3 ways your teaching contract can benefit you that you may not have realized.

1. Continuing Education

Most teachers rarely take advantage of the continuing education benefit in their contracts Every district has a salary schedule for their teachers, which is essentially a table showing how much you will make per year based on your experience and education.

2. Travel Funds

These funds can be used to cover the registration costs of conferences, workshops, seminars, and site visits. They can also be used for travel costs associated with the professional development opportunity.

3. Differed Compensation

The last major hidden benefit to your teaching contract is the ability to set up a differed compensation account. More traditionally known as the 403(b) supplemental retirement plan, these accounts allow you to put away a portion of your monthly check that will then grow over the course of your career.

Moral of the Story

Teachers don’t make enough money, period. However, your teaching contract offers a plethora of benefits that can result in both Money Saved and Money Earned if you know where to look.

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Money Saved Is Money Earned!