How Do We Afford to Live with Only One Income
A friend of mine asked me how do I decide to take the bold step to become a SAHM and living on a single income. All of us have so many financial commitments; homeloan, car loan, insurance, fees, utilities, petrol etc. To me, I was in a way forced to resign and be a SAHM because my No.3 does not want other people to mind him and to send all 3 to nursery cost half of my salary that was less than 2.5k; so it is more practical to just resign and mind them myself.
We have to live by our means; meaning do away with luxuries and live a simple life. I know most parents work for their children education fund but not us. Let them find their way like we did. Our parents did not have any education fund for us but we still managed to graduate with a degree and get a good job.
As a SAHM, we can get some income if we can find the time to do so. As for me, I might not have the time to be a Wholesale Insurance agent but I learn some skill like sewing and managed to sell a few bags which is sufficient to invest in some books for my children. Knowledge can bring them further than money you know. ![]()
