So, based upon the blogpost I wrote a while ago now about how couples should try to live on one income (for a variety of reasons), I got some advice from some real life, honest-to-goodness stay-at-home moms about 1) how they do it or 2) what they recommend that people do. Today is part 1 of their tips.
Thanks to Cheryl for her advice!
It isn’t always possible to live on a husband’s income. A common example would be a newlywed couple just starting out or a situation where a husband returns to school. One thing to always consider is a way to “stay at home”, but still bring in an income. It has several benefits:
1) You get to stay at home with your kids.
2) You get to contribute to your family budget.
3) You get to do both of those without adding in the expense of daycare for your own children. Any other 9-to-5 job wouldn’t allow for that.
Ideas for this type of work:
- Babysitting children in your home.
- Freelance work. All kinds of things – graphic design, writing/editing, resume writing, programming, whatever background you have
- Lessons in your home. Piano lessons, voice lessons, any type of musical skill that you have.
- Tutoring. There just might be a kid nearby who needs a little extra help with his school work. Maybe even a college kid.
These are just some of my ideas. You might have more.
Still single? Think about these things. If you do desire to live on one income, prepare for it. Pick a career that could translate into a stay-at-home income later. Get training that would let you do this. That’s one way you can prepare for a financially healthy marriage.