Raising a Family on One Income
I just thought I would put in a plug for my cousin Tammy's articles about living on one income (which she wrote for Get Rich Slowly). The articles can be found by following these links:
Raising a Family on One Income (Part One)
Raising a Family on One Income (Part Two)
In these articles, Tammy provides a real life example of what it takes to raise a family with only one parent working. I think she offers some very good advice...
While we are not currently able to make it on my income alone, we are slowly working towards that goal. Steph recently cut back to 2 days a week, which is a step in the right direction. I wish Steph could quit working altogether, but when she makes more money per hour than I do, it's kind of hard to make that jump. We will have to live a little more frugally, but we are willing to make sacrifices to have her home with the kids one more day a week. We are actually going to have to use the dreaded B-word... but if we are going to make it work, I don't see any other choice... we are going to have to start sticking to a budget.