How Many Here Are Two Income Families?

[Ron]

I in wanting to have a family, also wanted to be able to have my wife stay at home.

Alas that hasn't happened.
While I make a decent pay cheque and am grateful for every penny, we also find it hard to provide a living for our family on just one Paycheque.

I often comment when people look at my signature that upon seeing my signature for the first time, my then future wife to be said, "you should have been a Doctor!"
I then say, "yeah, and when she sees my paycheques she says, you really should have been a Doctor!"

Seriously, am I the only one who finds things expensive, or is it just because I live in a major city with a high cost of living?

My wife started a second job that goes from 9 PM till 1 AM Mon-Fri just because she can find no baby sitter in the daytime.

This isn't a thread to complain, but to compare.

"Do you think that parents need a dual income nowadays to make ends meet?

[Darcie]

We did one income for six years and it was not easy. I just started working part-time and it's still not easy. I guess we are just not suppose to get to comfortable here. This world is not our home, we are just passing thru.

[J-Roc]

We're just a one income family, but I have been a good steward of our finances, and we get along just well on one income...my wife has been a stay-at-home for about 2.5 years...


....bro, do you live on a budget? Have you managed your finances with a program such as Quicken to see how your bottom line is doing? You will find that helpful, IMO.


The question we have to ask ourselves is: How am I managing "Me, Inc"...would I invest into my company as a shareholder because of how my company "Me, Inc" is managed....tough questions to ask, but necessary.

[Hoovie]

One income. My wife is an unemployed RN. I work long hours to make the numbers come out, but we feel it is worth it.

Kristin and I feel it is the will of God for her to be with the children at this time, so the monetary value is not a primary factor in the decision.

Yes everything is expensive, I agree.

[Darcie]

Originally Posted by J-Roc

We're just a one income family, but I have been a good steward of our finances, and we get along just well on one income...my wife has been a stay-at-home for about 2.5 years...


....bro, do you live on a budget? Have you managed your finances with a program such as Quicken to see how your bottom line is doing? You will find that helpful, IMO.


The question we have to ask ourselves is: How am I managing "Me, Inc"...would I invest into my company as a shareholder because of how my company "Me, Inc" is managed....tough questions to ask, but necessary.

I agree about the budget. We do it too, but a lot depends on the income (jota-piedra).

[Ron]

Originally Posted by J-Roc

We're just a one income family, but I have been a good steward of our finances, and we get along just well on one income...my wife has been a stay-at-home for about 2.5 years...


....bro, do you live on a budget? Have you managed your finances with a program such as Quicken to see how your bottom line is doing? You will find that helpful, IMO.


The question we have to ask ourselves is: How am I managing "Me, Inc"...would I invest into my company as a shareholder because of how my company "Me, Inc" is managed....tough questions to ask, but necessary.

True, but in Canada Gas is almost 5 bucks a gallon! House prices are $800,000
for a new house in the cheapest part of town.
Rent prices reflect that.

We don't live in a major city with high cost of living!

I don't know of one couple that one ofd them didn't make a hgundred grand or more a year.

[Darcie]

Originally Posted by Ron

True, but in Canada Gas is almost 5 bucks a gallon! House prices are $800,000for a new house in the cheapest part of town.
Rent prices reflect that.

We don't live in a major city with high cost of living!

I don't know of one couple that one ofd them didn't make a hgundred grand or more a year.

[Ron]

Originally Posted by Darcie

Yeah, and the clincher is we make more oil than we consume.
We export a Million Barrels or more a day to the States every day!
Gas prices should be about 2 bucks a gallon!

[Newman]

Originally Posted by Ron

I in wanting to have a family, also wanted to be able to have my wife stay at home.

Alas that hasn't happened.
While I make a decent pay cheque and am grateful for every penny, we also find it hard to provide a living for our family on just one Paycheque.

I often comment when people look at my signature that upon seeing my signature for the first time, my then future wife to be said, "you should have been a Doctor!"
I then say, "yeah, and when she sees my paycheques she says, you really should have been a Doctor!"

Seriously, am I the only one who finds things expensive, or is it just because I live in a major city with a high cost of living?

My wife started a second job that goes from 9 PM till 1 AM Mon-Fri just because she can find no baby sitter in the daytime.

This isn't a thread to complain, but to compare.

"Do you think that parents need a dual income nowadays to make ends meet?

Rob- Some choose to have the wife work a little bit so that Dad can spend some time with the kids rather than working a second job and never being home. Many ways to skin a cat...

[seguidordejesus]

We're going from two incomes to one...we'll be fine, but it'll be tight. My wife has only "worked" for one year, so we're actually somewhat accustomed to living on my income.