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Showing posts from April, 2015

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Part 7 - Q&A - Living On One Income

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Q.  Hi Bev, My dear husband lost his job of nearly 25  years suddenly on Good Friday. His job was funded by the State of IL and the Governor ceased all spending on Human & Social Services with NO warning.  My husband's program was NOT a government handout program, but one that prevented juvenile delinquency.  I have been home from my job as a public school teacher for 13 years.  I LOVE being a stay at home wife and mother and my husband says it's his top priority to continue that.  Any ideas on what to do in this situation?  This is my first time dealing with this.  Thank you in advance!  A.  I think the person that asked this, also asked in 2 other comments and so I'm copying/pasting my answer from there to here.  First of all, PRAY! God will open another door where it was closed I believe. Next, seeing that he has 23 years experience, he will probably be able to find another good job I assume in his field. A possible move to another state or area to find a

Part 6 - Q&A - Living On One Income

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I only received a few questions and we will start with the first few in this post and finish up the rest in Part 7. Q. What activities do you do as a family for fun? A. We are pretty easy to please and it doesn't take much for us to have fun.  We like playing board games (7 Wonders, Funglish, Rummikub, Made for Trade, 10 Days in.., Homeschoolopoly to name a few).  My kids and I watch Netflix (my husband doesn't watch movies).  Things we like on Netflix are educational, documentaries, cartoons, home & craft shows and some Christian films they have like Ace Wonder that are clean.  We do things outside and sometimes go to the park or for a drive.  Church is our big family activity - I guess you could say that is fun but more so, it is the basis of our family life. Q. For retirement do you only fund one account in your husbands name or do you both have seperate accounts? A.  We have a joint retirement account - nothing separate because we are married and that

Part 5 - Budgeting - Living On One Income

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I've blogged about budgeting in several series before - Financial Budgeting 101 and Living Debt Free .  I did want to touch on a few things about budgeting in this series for those who haven't read the other series.  Your husband can do the budget or he can defer that to you.   My husband always did the budget until the past year when he let me take over.  I'm very good with numbers and so, he has given me reign over it now. In Part 4 , we talked about the home management fund, which includes food, necessities (toilet paper, etc.), clothing and some maintenance (cleaning supplies, light bulbs, etc.).  There are still other categories left to budget for and they are: Tithe - should always be first and foremost! Here's why: http://www.christianhomekeeping.com/2015/05/robbing-god-his-house-his-pastors.html Offerings Tax (federal, medicare, social security) Charity Savings/Retirement (emergency fund, college funds, etc.) Housing (mortgage or rent) Housing main

Part 4 - Home Management - Living On One Income

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We've talked about why women should be homemakers in Part 1 , why men should provide for their families in Part 2 , and then the basis of being able to do in Part 3 on contentment.  I will do a future post answering all the questions submitted but it will be last in this series.  In this post, we are going to discuss home management, which entails everything that you are responsible for in being the manager of your home. Home management usually (this may vary) includes the cleaning, meals, clothing and care of the children and some maintenance.   The wife usually takes care of these things as the husband is busy working outside the home to bring in the funds to run the home.  I think it is a good idea to budget a "home management" account that the wife can cover the above things and decide how much goes where and then she can also save and have spending money of her own.  We used to do it this way for years but now I do the entire budget and so I decide a lot more,

Part 3 - Contentment - Living On One Income

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I know all about this one as I've lived it, was able to come to the place of true contentment and am still practicing being content no matter the future decisions.  I can say that I've been there, done that and bought the entire collection.  What am I talking about?  Contentment. If a wife learns to be content with what her husband provides, she will save herself, her husband and her children a lot of needless problems.   I admit that I was NOT content in the early years of our marriage because I didn't fully understand what was really important in life.  All I could see is what we didn't have and there was always something more I wanted.  This caused problems with our marriage and with our finances. As a wife, you must learn contentment and learn to be content with what your husband provides.  If you don't, you will be that millstone, that nag, that brings everyone down.  You will squander the family finances on your discontent and tear down your house with

Part 2 "The Why" for Men - Living On One Income

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In Part 1, we talked about "the why" for women and now in Part 2, we will discuss "the why" for men.  I know that this is a blog for women but believe it or not, I do have male readers.  I'm mostly blogging this for women but hey, the men need to hear this too, especially in this effeminate society we have today. I'm going to be very blunt here, so if you get offended, consult God's Word and then tell Him off.  There is no way around it - a real man, a real husband, will not put his wife on a job.  *dodging rocks*  I remember a preacher that used to say that you shouldn't prostitute your wife out on a job and that has a lot of truth to it.  Men throughout time took care of their families.  At some point in American society, most likely when women became domineering, men lessened their manhood.  Throughout all time, wives were a "help meet" to their husbands by keeping the home, bearing and raising their children and making a home of p

Part 1 "The Why" for Women - Living On One Income

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I'm starting a series about Living On One Income in hopes of helping those that are on the fence about doing so and continuing to encourage and help those that are doing so. Obviously you know that we live on one income, my husband's, and I'm a homekeeper. The first post in this series is going to be about “why” you should live on one income as a Christian woman. God intended for women to marry, bear children and keep the home and that is a full-time commitment. When you step outside of God's design, you live on the arm of flesh financially as you don't really 'need' God anymore in that regard. You also forsake what scripture told you not to – bearing children and loving your husband. Titus 2:4-5 That they may teach the young women to be sober, to love their husbands, to love their children, To be discreet, chaste, keepers at home , good, obedient to their own husbands, that the word of God be not blasphemed. 1 Timothy 5:14 I will therefor

"Poor" - Depends On Who You Ask

We discussed what real wealth is in my previous post and how if you have no debt and some cash in your pocket, you are in the top 75% of Americans.  We had an ER bill that my insurance denied coverage saying it didn't meet "medical criteria" for a medical emergency.  On the third try, someone finally got it covered and upon notifying the hospital billing, I found out that they had already zeroed out the bill because they consider us poor.  We are so poor that they don't require any payment from us at all for our future hospital or ER visits - it is all covered at 100% and that is without insurance even.  We are poor according to who you ask ... Poor - hmm, I don't feel poor.  We have a nice 1500 sq. ft mobile home we rent that has 2 bathrooms, 3 bedrooms with big walk-in closets and our master bathroom has a garden tub.  We have a large pantry room between our living and dining rooms and we have a locked, electric-provided shed to use as storage and a nice-size

How Do You Determine Real Wealth?

My financial posts on this blog are becoming some of the most read posts of my entire blog and I love writing about financial things and seems like others like reading it, so before I start the series on Living On One Income , I wanted to talk about wealth. Most people think of wealth as making a lot of income but that is not true wealth.  I know people that make large amounts of income that are poor and I know people that make low amounts of income that are wealthy.  What wealth really comes down to is what your net worth is.  What does net worth mean? Net Worth = Assets - Debts Your net worth is a true indicator of your financial situation.   That is how you can make $100K a year but the guy next to you that makes $30K could be wealthier than you because he has no debt.  As the saying goes, when the dirt hits the fan, you will find out what your financial situation is.  (That is the "Christianized" version of that saying)  What happens when the income stops - are yo