Have you ever wondered what you would do if you lost your job? Could you and your family manage if you suddenly lost a monthly wage? As a Mum to two children this is something I worry about a lot.
I often wonder how we would cope if we were a one income household. I realised a long time ago that I had to start looking at our finances and adjust our budgets accordingly. I mean, you just never know what’s around the corner. You could lose your job or become sick and have to take time off work.
When I started taking this seriously, I realised I had to make big changes. I’ve always looked for vouchers and ways to save money, but this was bigger than that. This wasn’t about trying to save 10% on a new pair of jeans, this was about changing the way we spend money to get us through a period of less income. I felt like I needed to make changes so if we did lose an income, we would have an emergency fund to fall back on and would be living a reasonably frugal lifestyle. My thought process was that if we were already used to living within budgets, it wouldn’t be a massive shock to the system if we ever had to live on one income for any amount of time.
While I am working hard and will continue to work hard to get our own family sorted out, I thought why not try to help other people too. As a Money Saving Mum I decided to use some of my spare time to keep track of any ideas that I use to save money or make a little bit of extra money. I could then share those ideas with other people to help somebody else in a similar position.
Money is always a tricky subject to talk about. So many people are private about earnings and debts, it’s almost a taboo subject to some people! But I am going to post about our budgets. I’m going to post about our savings and spends. This way anybody reading can see my progress and even places where I need improvement.
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