How To Survive (and perhaps thrive) On A Teacher’s Salary [Giveaway & Roundup]

It’s been an exciting time around our house this week.  My daughter started Kindergarten which is one of those life events I don’t think I’ll ever forget as a parent.  In fact, you typically don’t forget it as a child either. I think most people remember their Kindergarten teacher no matter how old they are today.  Elementary teachers, in general, can have a tremendous positive impact on a child’s life. They are heroes, in my opinion.

I recently learned about one of these heroes, Danny Kofke (special education teacher), who not only is making a difference for our children, he is  helping teachers manage their money wisely.  He wrote a book (How To Survive (and perhaps thrive) On A Teacher’s Salary) about surviving on a teacher’s salary which has helpful tips for teachers and anyone else who needs to know how to manage money wisely on a modest income.How To Survive (and perhaps thrive) On A Teacher's Salary

This month, in honor of all elementary teachers and the great work Danny is doing, I’m giving away a copy of his book (details to enter the random drawing below).   Danny provided an overview of his book as well as some links to some of the media which featured him and his tips.

Take it away, Danny…

Book Overview

According to a recent 2010 report by, elementary education is listed as the second worst paying college degree.  My goal is to show others that one can do well financially even if they don’t make a large salary.

My name is Danny Kofke and I am currently a special education teacher in Georgia.  I am an elementary education major and taught kindergarten and first grade before moving into special education.  I have done something to show others how they can do well despite earning a modest income.

I have written the book “How To Survive (and perhaps thrive) On A Teacher’s Salary.”  I’ve been a teacher for almost ten years and am proud to say that passion for the craft keeps me in the classroom but smart savings and basic understanding of financial principles have kept my wife (willingly!) at home with our children.

Many find it hard to believe that one teacher can support a family of four, but “How to Survive” explains the steps necessary for others to follow suit and save for life’s journeys.

In my book I show others how to:

  • Retire with a sizable nest egg
  • Teach in a foreign country
  • Own all of their possessions – including their cars and houses
  • Invest in Roth IRAs and 403bs
  • Establish a weekly budget
  • Live a financially secure life on a modest salary!

I have been been featured in a number of publications including USA Weekend, PARADE, Instructor Magazine, CBS,, The Wall Street Journal,, Consumer’s Digest, Bottom Line Personal, Your Family Today and The Huffington Post.  I have also been interviewed on over 150 radio shows and on numerous television shows.


A lot of people think that figuring out financial matters and investing are difficult and are intimidated by it.  I want to show others that if this 34 year-old school teacher can figure it out then they can too.

How do you enter the contest?

You can enter the random drawing by doing any of the following free activities:

Leave a comment on this post by 9 PM CT August 31st letting us know you’ve completed one of the above activities.  Winners will be announced on this post and Twitter September 1st.

Post Roundup:

And here are some articles submitted by other bloggers for this week’s personal finance roundup:

Omar from Online Accounting Degree submitted 12 Must-Have iPhone Apps for Serious Bargain Shoppers, and says,” if you love a bargain, you will happy to know that your iPhone can help you become a savvy shopper. Whether you love using coupons and store discount cards but hate carrying them, or simply have to find the best price available while out shopping, there is an app for you.”

Kristia from Family Balance Sheet submitted Perform Your Own Home Energy Audit To Help You Trim Your Utility Expenses, and says, “after a wallk around our home, we had a list of ideas to help trim our utility bills.”

Little House from Little House in the Valley submitted Run Down Towns: A Tale of Two Cities, and says, “a comparison of two cities that sit side by side and how one is deteriorating and the other is flourishing. A look at the economics behind them.”

Craig from Free From Broke submitted What Is A Secured Credit Card?, and says, “a secured credit card is a special case card for those with no credit or a bad credit history who are unable to get a standard credit card.”

Andrew from Money Crashers submitted How to Appeal the Property Tax Assessment On Your Home, and says, ”an inside look including some tips on the steps involved when trying to appeal the property tax assessment on your home.”

Crystal from Budgeting in the Fun Stuff submitted 10 Money Saving Tips to Save $1000 for the Holidays, and says, “here’s a few ways to easily save some money for whatever purpose.”

Nicole fromRainy-Day Saver submitted Is Graduate School Worth the Cost?, and says, “when to go for an advanced career, and when not to.”

MR from Money Reasons submitted Living With Your Parents While Being Young, Successful And Married, and says, ”a very successful young couple I knew were living in their rich parent’s basement, saving for a million dollar house.”

Thanks for featuring OMD in 100 blog posts every college senior should read!

Blog Carnivals

Here are some recent blog carnivals in which you’ll find articles from OMD.  Thanks to the hosts and sorry for the delaying linking back to some of you!

About Jason Price

Hi, I'm Jason Price, family man saved by grace, passionate about faithful stewardship, soccer and the Pacific sun. I write about money, career and business here at

  • Paul Williams

    Hey, Jason (& Danny)! I’ve already subscribed to the RSS feed. I’d like to review this book for my own site as well, so a free copy would be very appreciated. Thanks!

  • Kristia@FamilyBalanceSheet

    Thanks for including me in the roundup.

    This book sounds like it really hit a niche. I am a subscriber and twitter follower.

  • Charlie Brinson

    I just subscribed to the RSS feed, the monthly newsletter and the daily e-mail updates. Looking forward to checking out all of the new stuff happening on the site. Now, I just gotta add you on Facebook and Twitter!


    • Jason Price

      Charlie, thanks for signing up! Stop back by on Monday when I announce a new staff writer here at OMD!

  • Victoria Schafer

    I subscribed to the monthly newsletter and daily emails. I hope I win, but if I don’t I bookmarked the Amazon link in case I don’t. :)

  • Craig

    Just subscribed!

    We actually get by on a guidance counselor’s salary which isn’t much different.

    • Jason Price

      Craig, you know it’s amazing what good planning and budgeting will do. It’s not the amount of income, but how you manage it!

  • Ty

    Hi Jason, I just discovered OMD while searching for ways to better manage my finances on a teacher’s salary. I have signed up for the daily emails and monthly newsletters and I’m looking forward to reading the book. I just hope I’m the lucky winner!

    • Jason Price

      Ty, that’s great. So glad you found One Money Design. I appreciate you signing up for the drawing.

  • Brian r

    Subscribed to OMD’s RSS feed
    Thanks for the contest

  • Andrew

    Awesome posts here and great roundup. Keep up the great work!

  • Vytas

    Surviving is not living, thriving yes. I think advice in the article will help to achieve the latter. Thanks for the post.

  • Jason Price

    Congrats to Craig who was just selected from the random drawing and is the winner of How to Survive (or Perhaps Thrive) on a Teacher’s Salary! Thanks to all for participating!