Living from one salary, how the trick? for career women and housewives

You decide to stop working, because he wanted to concentrate on parenting. You do not want to lose the moment when the child made the achievement-achievement, from one step to another step. A noble decision, not all women who dare to do it. The problem now, stopped working a small family means now you rely on one income alone, the husband's income. This reality is forcing you and your husband to ask yourself honestly: Can you reduce spending, and lower your lifestyle during this? For those of you who already have a side business, or a husband whose income is more than enough, of course no problem. What about the families who still rely on employees' salaries? Sure you can live this new life, as long as you do planning, and willingness to make a choice.

1. Talk to your husband

Before decided to stop working, of course you should discuss it first with the husband. Sense of ownership of income can be a specific conflict in families who rely on one source of income. Husbands or wives who have money will feel more entitled to spend it. "Be sure to convey all aspects of this decision, so that an agreement is comfortable and beneficial to all parties, 'said Judy Lawrence, a financial consultant in Albuquerque, NM, who is also the author of a book The Budget Kit: The Common Cents Money Management Workbook.

2. Map your needs carefully

Do not make any decision before preparing a detailed budget to meet the needs of families. According to Lawrence, so couples realize their obligations, they can view a list of needs that exist, and determine what should be reduced. For example, subscribed to two magazines a month, or cutting up all your credit cards to avoid the desire berbelanja.Saat arrange budget for daily life, you also need to include extra spending for insurance or sudden expenses, advises Ben Gilbert, a financial planner for Silver Oak Advisory Group in Portland, Ore.. Make a priority of which needs should come first, then reevaluate the fixed expenses such as telephone bills, Internet bills or pay tv.

3. Reduce spending a great routine

Just reduce your habit to buy coffee at premium coffee outlets, will not be able to redeem the loss of one source of income. Cutting your expenses for care homes, cars and other monthly needs, will be more leaves room in your budget. Was not easy, therefore you should carefully look at spending what could dikurangi.Mencuci car, for example, no need to bring it to where snow wash. The husband can wash it yourself at home. To reduce the cost of gasoline, you could use a more efficient means of transportation such as rail or busway . You also can use what was available to supplement their income. If there is an empty room in the house, for example, you can rent it like a rental room.

4. Lifestyle goodbye

When  you and your husband are both working, would not you run a lifestyle based on two incomes? Moreover, each of you have friends, and each has a need to socialize. Sure, there are spending extra for it. When you resign from the company, do not expect to have all these luxuries, suggestions Gilbert. Unless, of course, pay the husband is able to accommodate all those needs. 'You can discuss this with your friends, and says that now you can not often eat at restaurants or do activities together, for choosing to live more efficient,' said.

5. Do not reduce too much

You do have to skimp, but do not get stuck eliminate long-term savings. According to Gilbert, retirement savings is not immediately visible, so that many couples are encouraged to cut it. The same applies for other needs. You may be determined to cook itself with the main dish of vegetables. If this is not something that you like, over time you'll get bored and decide to snack on the outside again. Fulfill your needs sufficiently. Conversely, if eating out is a way to expand the network, it could not hurt you to cut other expenditures first.

6. Improve ways to save

Although you have decided to stop working, does not mean you should not look for income in other ways. Even if you can open a small business, you can use the income from such business for savings, investment, made by venture capital, and so forth. 'Many people who use a single income to various obligations, such as mortgage, transportation, or meal a day -day, 'said Lois Backon, senior vice president of Families and Work Institute. Then, they use other income for things lain.

7. Trials Do

You can do exercises to manage their daily needs from just one income. Do this before you decide to resign, to see how you and your husband able to save money. Gilbert suggested to set up automatic transfers from a bank to withdraw money within a certain amount, so most of your income will be reduced over several months. Then, also set aside some money for other purposes such as savings or a vacation. "Now this, to pamper yourself instantly, plus there is a push from the media for consumptive life, the ability to save and adjust lifestyle (simpler) to be very meaningful than you realize, 'said Lawrence.