I hear it all the time: "It should be nice making a lot money it is possible to be home together with your kids. We could never afford to do that."
Excuse me?! Our category of five lives while on an income which could easily be eligible for a several low-income programs. We make a lot money, huh? Where is it?!
Rate of Hawaii Cash Advance Loans: 
Now please do not get me wrong. I'm not complaining. My husband and I have voluntarily, and quite happily, chosen this frugal lifestyle. But it's funny to know the misconceptions others have about our finances.
COMMON MISCONCEPTIONS
The assumption seems to be, if you're home with your children full-time you has to be rolling in piles of money. Common urban folk-lore unsettles us with all the "fact" which it will definitely cost over two hundred and fifty thousand dollars to raise each child to adulthood.
According to people figures, it would cost over half one million dollars to raise our three children! Gulp.... Maybe the numbers are accurate if I bought my children's clothing exclusively at up-scale specialty stores, sent "Buffy" and "Skip" to ultra-expensive private schools, and outfitted their rooms with the latest audio/visual equipment and top-of-the-line designer crib ensembles.
REALITY
But the truth within our neighborhood is drastically different. Nearly every family on our block has consciously made the choice, no less than to get a time, to produce the mandatory sacrifices so one can parent may be home using young children.
I hope you will not think we've all dropped out of life and adopted an existence of soap operas and bon-bons. Far from it. Many of the for women who live cottage industries or attend college. Some do consulting work to stay abreast of these professions. A neighbor stays home together with her children, actively pursuing a writing career. But even with additional part-time incomes, the families on our street don't make money that statistics claim we'll need to adequately raise our kids. But raise them successfully, we will!
THE SECRET
So, what's the key to "one income living in a very two income world?"
Actually, you will find several easy tricks:
1) Be Careful About Your Purchases
Watch your purchases, even small ones, carefully. If you're cautious using your pennies, the dollars will take proper care of themselves.
For one month, have a detailed spending diary of all expenditures, for newspapers and coffee. Seeing all of it in black and white might be eye opening. Buying a latte' with the local espresso bar each morning can easily cost you - per month. Most people spend at ab muscles least each weekday on food related items at work. (Lunch, pop, coffee, snacks, etc.). Bringing lunches, treats and drinks at home could save your loved ones nearly 0 per month, or ,200 per year!
Groceries is one in the few fairly flexible expense categories in most families. Learn tricks for saving cash by careful meal planning and taking advantage of up leftovers. Investigate the concept of cooking to the freezer (i.e.: Frozen Assets). Learn to purchase in bulk, and take good thing about more affordable prices by planning your menus round the grocery sales flyers within the newspaper.
Little expenses accumulate quickly if they're done with a regular basis. When you obtain the areas inside your life where the funds are draining out, plug up the holes!
2) Live In Your Means
Vow to live within your means. Easier said than done - but it could be done!
The first step is establishing a budget. If you've got problems keeping to a written budget, try the envelope system. Figure out how much money you'll need each month to the different kinds of expenses (food, clothing, gasoline, bus fare, etc.) and put that quantity of cash in separately labeled envelopes. You will have a very concrete visual aid showing you exactly just how much money you have left to invest in each category. And you will notice clearly that borrowing money from another envelope leaves less money in that other category.
The envelope system is great for individuals who tend to feel that as long as there is a positive balance inside checkbook, they can go on writing checks.
3) Move Out of Debt
Get from debt, and turn into out. Since 1996, there were more than one million personal ruptcies filed each year inside United States. The majority of those were the result of poorly managed consumer debt.
Does your installment debt (not including mortgages) total a lot more than 20 percent of one's income? Have you taken cash advances on one bank card to spend the money for monthly obligations on other cards or credit accounts? Are you at your credit limits? Are you receiving letters, phone calls, or notices from collection agencies? Do you might have difficulty imagining your daily life without credit?
If you answered "yes" to even considered one of these questions, consider seeking advice coming from a financial planner. You could be around the method to severe financial difficulties, and even ruptcy.
4) Identify Priorities
Identify personal priorities. No it's possible to set your family's priorities for you. But if you don't take time because of it to think them through, articulate them clearly and live them out, you will find you have lived a life that's not a true reflection of your inner priorities.
Clarify your own personal definition of success and meaningfulness by writing out a short mission statement for the life. Then evaluate every purchase and activity in light of your respective personal life mission.
If having time for community involvement is an important priority, is it possible to pare back the non-essential activities to permit room for volunteering and service? Watching evening television could possibly be a relaxing pastime, but would it be adding something to your community's quality of life?
If staying home with your children is really a top priority, are you willing to do whatever it takes to generate it happen? It's not really a crime to search at thrift stores to your family's wardrobe essentials. And your children won't hate you if that you do not take them to Hawaii each year (these are extreme examples, but I think you receive the point).
5) A Support Network
Establish a support network of friends in similar financial circumstances. If cash is tight, every decision could become a financial one. It helps to get friends who understand personally the difficulties you face, and can offer support for your choices you're making.
6) Resources
Tap into the many resources available for simple living. There are newsletters, books, websites, as well as local study groups that may inspire you together with offer practical ideas for living within your means.
WHAT IT TAKES
It doesn't take a salary the size Bill Gates' to call home one income. But it can take careful planning, focused priorities and a non-negotiable resolve for stay out of debt.
There are sacrifices involved, but when your heart's desire is to become home along with your children, the rewards of staying true to your convictions will far out-weigh any losses you could possibly experience.
Our family faced these decisions nearly a decade ago. We followed our hearts, and we'll never regret it. I drive my used, rusty station wagon with pride. Laugh if you must, but we don't make monthly car payments and our yearly license fees and insurance premiums are minimal. Driving used cars is just one in the many selections we've made that allow me being home each day with this young children.
SACRIFICES?
Am I making sacrifices? Maybe. But for me, the actual sacrifice can be giving in the joys I share every day with my three kids. Laughing together. Growing and learning side by side. Being available to others in need. Those are joys that I can never recapture if I miss this chance now.
Carpe diem. Seize the day.
By making a couple of not-so-difficult financial decisions, we are actually able to reach our dream of just living on one income in the two income world. If you share that dream, I believe it can be done to allow it to be happen, as well. It could be difficult, nevertheless the benefits of making it work are beyond belief!
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