More Living on One Income tips!
A friend of mine who has nearly raised 6 kids said this: “I used to tell people I was committed to living in a tent if that would make staying at home possible.” I don’t think you have to live in a tent. And I strongly recommend not living in a circus tent – they don’t really have sides to protect you from the wind. But her point is well-taken. Look at some of the assumptions that you have about your standard of living. Things I can think of:
Most people think that 2 cars are required. Maybe they aren’t. Yeah, you’d have to drive your husband to work, but it can be done. If that’s your plan, then think about where you might be able to live to make that easier. Having just one car (even if it’s just for a time) cuts your car expenses in 1/2. Half! 50%! Just think of the benefits that’ll have to your budget.
Alot of couples think its mandatory to have a huge vacation every year. Remember that trip you took to Disney World when you were 10? That was a once-in-a-childhood kind of memory. Don’t try to recreate it every year. Keep it much simpler on a yearly basis and plan something big every 10 years. If you had $2000 in your budget for vacations in a year, would you rather have 1 big trip or 5 $400 trips? It’s your decision.
Do you really require to eat steak every night or to eat out all the time? Take a cooking class to learn how to make your favorite meals at home. Better yet, have a friend teach you how to make her favorite meal.
How much house do you really need? Does each child really need their own bedroom or can they share? Do you require a kitchen and a dining room? Do you need a man cave and an office and a sewing room? Are you buying a house for your needs or for your need to impress someone else?