I have been a stay at home mom for over 10 years now. Ten. years. It’s crazy. When I started being a stay at home mom people gave me all kinds of advice. One of the biggest things I heard was that “money would be tight, but it would be worth it…” Fair enough. Money was going to be tight, so you know what I did? I assumed that living paycheck to paycheck was a normal thing. Because we only had one income, money was meant to be tight, right? Instead, what I should have done was buckle down, create a stable budget that allowed us financial freedom and encouraged us to save for the future. The hard truth is, you need to plan for retirement as a stay at home parent. This post is designed to walk you through how to get started.
I think the biggest hangup for a lot of people when it comes to living on a budget or working toward paying off debt is that they really want to keep enjoying their lives. You only live once after all. I totally understand this stress. You don’t want to live a crazy frugal life, put all your money toward debt and then die without really seeing or doing the fun things you wanted to. So how do you live debt free, save for the future and still enjoy the one life you get to live? AKA the YOLO life.
I used to spend way too much time obsessing about my looks. Honestly, I spent most of my life believing that if I didn’t stay young and attractive then I wouldn’t have much else to offer the world. Sad, huh? Unfortunately, I am not the only one who has carried around this kind of thinking. In fact, in 2012, Time estimated that over 6 billion Botox injections had occurred! Yikes! The crazy part is I’ve recently learned that this fear of growing old was actually keeping me poor. Not because I spent money on costly procedures to enhance my beauty and/or keep me thin. It actually goes a lot deeper than that.