Friday, November 21, 2008
Well, it isn't really all that new but I am obsessed with trying to figure out how to be a one income family. I am reading a number of financial planning books, have my list of blogs that I read regularly and have tried to work out a plan. In preparation, I bumped up our mortgage payments to the legal limit set by our lender, I bumped up our monthly RRSP contributions, I have set up an ING savings account for an "emergency fund" and we have stopped eating out (which we did about twice a week). Ok, so we have also tried to put together a budget that looks like we are only living on one income HOWEVER we do have many disagreements stemming from this process. We do have debt and our adoption savings were depleted recently when we had to attend to a family emergency. Ughhh. Any thoughts about how to do this successfully without conflict in your marriage?