new here...looking for SAH advice

iVillage Member
Registered: 02-08-2008
new here...looking for SAH advice
10
Sat, 05-24-2008 - 11:07am
Hi, i'm new here and due in October with our first child. I'm currently a pastry chef and my DH is a spc in the army. We're getting re stationed Colorado Springs in just a month and I'll be jobless. The job market for pastry chefs is not so great and I had wanted to be a SAHM, so we're going to try do to it.

I just want to know...Do any current SAHM have any budgeting advice? or at least advice about how to make it on one Salary instead of two? I made half of what my husband made, but i'm just worried about being really poor or building debt instead of saving. If anyone can give me any advice, I'd really appreciate it. Thanks.

Katrina

Momma to a growing baby Girl and Wifey to TJ.

Katrina

Wife to my wonderful Tj and Mama to my Marin and our growing new Baby.
iVillage Member
Registered: 01-05-2000
Sat, 05-24-2008 - 11:27am

It's simple--don't spend more than what you have. Whether it's 2 of you bringing in the income or only one. To tailor it to your situation, start now living on just your dh's income and bank yours. Sit down and write out every single expenditure, down to the penny. Include impulse spending--chips, soda for snack; Starbucks coffee on the way to work, etc. Then subtract that amount from your dh's monthly income. If you come out with money left over, then you are set. But be sure to add in the expense of the new baby. Are you going to breastfeed and use cloth diapers? Or formula feed and use disposible diapers? Are you going to live on base or will you need to rent? What's the col in Colorado Springs? Is it higher than where you live now?

Note: This is a debate board. You will get great advice here but, be warned, it will be blunt and to the point. No surgar coating. You might want to repost your question on the SAHM support board instead.

Chris

The truth may be out there but lies are in your head. Terry Pratchett

iVillage Member
Registered: 03-26-2003
Sat, 05-24-2008 - 11:49am
I'll second sewchris' advice and also direct you to another budget support board here on ivillage that might be more helpful than this board: http://messageboards.ivillage.com/iv-ppfrugal
iVillage Member
Registered: 10-05-2007
Sat, 05-24-2008 - 3:40pm

Given that you are going to be moving soon, I think you are in a unique situation.

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Ducky

iVillage Member
Registered: 02-19-2004
Sun, 05-25-2008 - 10:33pm

You don't budget any differently than with two incomes, but you'll have less discretionary spending.

Photobucket

iVillage Member
Registered: 02-08-2008
Mon, 05-26-2008 - 10:36am
Thanks for your great advice! I'll definitely put it in to practice. Thanks for the tip about this being a debate board...I sort of knew that but wasn't totally aware. I'll check out the support board for further info on the subject.

Katrina

Momma to a growing baby Girl and Wifey to TJ.

Katrina

Wife to my wonderful Tj and Mama to my Marin and our growing new Baby.
iVillage Member
Registered: 01-07-2007
Mon, 05-26-2008 - 10:52am

Hi Katrina,

iVillage Member
Registered: 07-17-2007
Tue, 05-27-2008 - 5:57am
Start living on your DH's income NOW. Save your post tax income. Then you will see how easy/hard it is to live on your DH's income AND you will build a safety net.
iVillage Member
Registered: 02-08-2008
Tue, 05-27-2008 - 11:30pm
Thanks, everything you ladies have told me is clicking and I'm taking notes. I really want to be able to stay at home with my daughter, so I'm taking this very seriously. Thank you again for all the awesome advice. I'll try and post about how it's going and what we decide to do about it.

Katrina

Momma to a growing baby Girl and Wifey to TJ.

Katrina

Wife to my wonderful Tj and Mama to my Marin and our growing new Baby.
iVillage Member
Registered: 05-29-2008
Thu, 05-29-2008 - 3:05pm
Well, not driving to work everday definitely saves some money. Also, have you tried looking up jobs that you can do from home on a part-time basis? That could help out a bit. It's hard to live on one salary but it can be done.

Sarah

http://finallyasurveysitethatpays.blogspot.com/

iVillage Member
Registered: 01-05-2000
Thu, 05-29-2008 - 8:37pm

>It's hard to live on one salary but it can be done.<

Not always. No matter how much we could cut from the month budget (and that's not much), we could never make it on just one of our salaries. Not at our current employment. I love dh way too much to demand that he change careers simply because I want to sah. He is in the perfect career for him; it just doesn't pay well. And never will. I could make more money at my career but only at the sacrifice of family and marriage. And I'm not willing to do that either.

Chris

The truth may be out there but lies are in your head. Terry Pratchett