Numerous working parents nowadays could not envisage parting with one of their double salaries that supports their household to remain at home and raise the children. Many people would love to be the primary caregiver in their children's lives, but it looks virtually impossible to provide for your family on one income. The truth is that it is possible to meet your financial responsibilities on one wage, with several sacrifices and modifications to current spending habits. In Addition, staying at home to raise your children means you will never have to miss another first and you will have the gratification of knowing that your children are getting the best possible care.
When you are considering remaining at home, it is a good idea to sit down and determine where you can cut day-to-day expenditure. Trimming off those dollars is easily done once you work out where your cash goes every month. For example, if you like to watch movies, you can give up that expensive cable or satellite bill and hire some free DVD's from the local library instead. Cutting back on long distance calls or abandoning a cellular telephone plan also helps to save money. You can in addition call your insurance company for a better deal, now that you will not be driving to work anymore. The whole idea is to attempt to determine all the little things you can sensibly go without, which habits and expenditure behaviors you can modify, and see what the total savings would tot up to.
Eating out is one area where great savings can be made, especially when you consider how much the average household spends on meals every week. At a ball park figure of 40 dollars per outing and the fact that most folks dine out at least twice a week, you could well make a saving of three hundred plus dollars a month just by cooking meals at home. Then of course, there is the midday lunch at the local food shop, which averages out about 7 bucks each day. If both you and your partner both eat lunch out, you could save yourselves, an additional two hundred and eighty dollars a month by preparing your own lunch boxes at home.
The second step to staying at home is finding something you can do from home to bring in some supplemental income. There are many ways you can earn money from home that do not soak up a lot of your time, depending on what your interests are. Starting a home based craft business is a popular choice among a lot of stay at home moms.
The best means to earn extra money is to turn something you like to do into cash. For example, if you like to make jewelry, sell your items to local stores, put up a web site, or sell at local craft fairs. Establishing a business out of your interests can apply to just about anything.
You can also sell your services. If you like to scrapbook for example, offer classes to others. Maybe you are good at writing resumes or maybe you can type at eighty plus words per minute; you can turn typing into services that you can sell.
Do some research on the Internet, as there are umpteen opportunities for home based businesses. Beware of anything that sounds too good to be true, though, as it in all likelihood is.
Lastly, nevertheless importantly, speak to other moms who have remained at home successfully. They are your best resources as well as support.
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