Congratulations on being credit card debt-free! I think that is wonderful! We are, too, and have received good advice from the ladies on the Debt Support Board who are Dave Ramsay followers. We too are a one-income family (I'm the breadwinner).
Wife to Scott
Mom to: Madeleine, James, Abigail, Theresa & John
Mom to: Madeleine, James,
Good for you! One of the many things I think about is how to make sure my kids don't grow up feeling entitled to things. At 17, 14, and 9, the growing up part is practically done for the older ones, but there's still lots to teach them and lots of time for them to learn. My girls are frugal when it comes to buying clothes for themselves. Even my fashion-conscious 14yo won't set foot in Abercrombie or Hollister because she thinks it's silly to pay that much, even though I've never told her that she couldn't. Still, there is so much for them to learn. I took my 17yo through the family budget about six months ago, and I thought her eyes would fall out of her head at how much there is to spend money on. ;)
Money management, sex and relationships, the tradeoffs in career and income, getting through college. . . we are just at the beginning in our family. . . though I wouldn't trade it for the days of endless diapers and cleaning and singing "I'm a little teapot" - this stage is certainly more interesting!
Kelly wrote: One of the many things I think about is how to make sure my kids don't grow up feeling entitled to things.>>>
Absolutely true...... I must say we rarely buy toys/etc for our kids outside of Christmas and bdays.... it makes them appreciate their gifts more and they learn to make choices... my 11yo saved for months to buy a DS because as a rule we won't buy gaming systems (once they purchase the system games may go on their wishlists).... once a child gets their driver's license they no longer get an allowance because instead they get gas/insurance.... but my dd who is now at college will be paying her own insurance because she'll be an adult.....we tend to not eat out often as a family but when we do we splurge - like Outback or Logans (easily over $100 for our family).... we also love our big family vacations - going to Disney in Dec (but we will not buy any souveneirs for the kids; they will need to save their own $$ for that)
At first I wasn't going to jump in here, but just wanted to say I agree with Renee and Kelly. We've long been a one income family, have owned our own house now for over 30 years, two grown adult married sons doing ok on their own (watching pennies like the rest of us). What I most wanted to agree on, is we rarely buy anything we can't afford. And we've been a one income family for a long time. I think one of the smartest things my dh ever did was when we were first married and for the six or so years I was working out of the home at that time - we always saved every penny of my salary and lived only on his. So from the beginning we were already used to living on one income and had money saved besides. We also tend not to eat out a great deal and when we do it's for family birthdays (we have a family tradition of the bd person picking a restaurant for their special day). At the beginning of this family tradition we were only four of us (dh, myself and the two boys). Now we've added two dil's and my dad. When we do it though - everyone (except for the bd person of course) pays for their own food. We've always been a one car family and have always bought used. As has been said already - all of this will vary greatly from family to family depending on each one's situation.
I feel like the only family who has never been to Disney. December sounds like a good time to go - not too hot,is the cost lower as that's not peak season?
You're not the only family to not go to Disney. I live a couple hours from the place and only went in January b/c it was my bday and I got in free, and my friend had a season pass. Sum total I spent about $50 for my trip in shared expenses.
Cost is kind of irrelevant at Disney, it's all expensive IMO. However, the colder the temperature, the fewer bodies in the lines and that equals short wait times so you can ride more rides! The day I went, it was SUPPOSED to be a balmy 50-60 degree January day, and it ended up being in the low 40s at the warmest. I stayed bundled up and layered and got through it, although "freshly planted" and green a large portion of the day. We carried snacks and water bottles with us, and only bought a couple turkey legs (expen$$$sive!!!) around lunchtime and shared a bigger snack and coffee in the late afternoon. On the way home, we stopped at a drive-thru. The only souvenirs I got were a funny mug and we got the 2- 5x7 picture of us on Thunder Mountain so we'd each get a copy of it.
Nope Jeanne, you're not the only one. My dh and I have never been to Disney and neither have both of our grown sons ages 29 and 32.
We have done Disney twice, and will likely do it again, since my stepson lives in Tampa with his 6 kiddos.