Sometimes living with less income is a choice, such as when a baby arrives. Other times it’s by default, such as redundancy, separation or a partner passing away. Whatever the reason, life on one income is a big adjustment, but this checklist will go a long way in simplifying that transition.
BEFRIEND YOUR BUDGET
Relying on one income when you’ve been accustomed to two requires some cutbacks. If you have a household budget, revisit it and adapt it to your changed circumstances. If you haven’t got one, now is the time to start. Be diligent in separating your needs from your wants. Cut things you no longer need – unused subscriptions are a great start. Set some money aside in an emergency fund for a rainy day.
SAY NO
Many parents try to maintain the standard of living their kids previously enjoyed, but doing so on one income is impossible. It means being brave and saying no sometimes. Compromise on where your cash goes. Swap nights out at a restaurant for a nice meal at home. Trade beachside holidays for days out at a local beach. Buy brand names your kids love secondhand or from outlets.
DELEGATE CHORES
Esta historia es de la edición February 22, 2021 de Woman’s Day Magazine NZ.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 22, 2021 de Woman’s Day Magazine NZ.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
TREASURE & TRAUMA
The launch of the new season of Celebrity Treasure Island doubled as an eighth wedding anniversary celebration for contestant Millen Baird and his wife Siobhan Marshall, who came fourth on the show back in 2022.
JUDGE JAY-JAY
Radio diva Jay-Jay Feeney delivers her verdict on your biggest dilemmas
CASEY'S BABY JOY 'OUR GIRL IS ALREADY SO LOVED'
The Te Puke gym owner refused to let a devastating accident stop her from becoming a mother
DEAD FUNNY! SHOSHANA'S GOING SOLO
The Emmy Award-winning writer is starring in a macabre new comedy
TWO RAW SISTERS BABY MAKES THREE!
Rosa and Margo have a new cookbook and bundle of joy on the way
HOME AND AWAY'S NEW MÃORI STAR
The son of a Kiwi sporting Legend, Cantona Stewart is making waves in Summer Bay
TV STAR AIDEE 'THE NIGHT I ALMOST DIED'
The actress and director opens up about her terrifying ordeal
CARMEL SEPULONI I'VE ALWAYS BEEN A FIGHTER!
Our former deputy PM the lessons she's learnt in politics on CTI
KENNEDY & SOLLY'S ROMANTIC RACE TO THE ALTAR
The Black Ferns co-captain and her rugby star husband organised the ir nuptials in just five days!
THE BRAD & GEORGE SHOW is back!
Their lovable bromance is stealing the spotlight in Venice!