How to live with less
Woman’s Day Magazine NZ|February 22, 2021
Having a reduced income doesn’t have to call for panic, says financial adviser and author HELEN BAKER
HELEN BAKER, Amy Hadley
How to live with less

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.

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.

MÁS HISTORIAS DE WOMAN’S DAY MAGAZINE NZVer todo
TREASURE & TRAUMA
Woman’s Day Magazine New Zealand

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.

time-read
1 min  |
August 31, 2024
JUDGE JAY-JAY
Woman’s Day Magazine New Zealand

JUDGE JAY-JAY

Radio diva Jay-Jay Feeney delivers her verdict on your biggest dilemmas

time-read
2 minutos  |
August 31, 2024
CASEY'S BABY JOY 'OUR GIRL IS ALREADY SO LOVED'
Woman’s Day Magazine New Zealand

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

time-read
3 minutos  |
August 31, 2024
DEAD FUNNY! SHOSHANA'S GOING SOLO
Woman’s Day Magazine New Zealand

DEAD FUNNY! SHOSHANA'S GOING SOLO

The Emmy Award-winning writer is starring in a macabre new comedy

time-read
3 minutos  |
August 31, 2024
TWO RAW SISTERS BABY MAKES THREE!
Woman’s Day Magazine New Zealand

TWO RAW SISTERS BABY MAKES THREE!

Rosa and Margo have a new cookbook and bundle of joy on the way

time-read
3 minutos  |
August 31, 2024
HOME AND AWAY'S NEW MÃORI STAR
Woman’s Day Magazine New Zealand

HOME AND AWAY'S NEW MÃORI STAR

The son of a Kiwi sporting Legend, Cantona Stewart is making waves in Summer Bay

time-read
2 minutos  |
August 31, 2024
TV STAR AIDEE 'THE NIGHT I ALMOST DIED'
Woman’s Day Magazine New Zealand

TV STAR AIDEE 'THE NIGHT I ALMOST DIED'

The actress and director opens up about her terrifying ordeal

time-read
3 minutos  |
August 31, 2024
CARMEL SEPULONI  I'VE ALWAYS BEEN A FIGHTER!
Woman’s Day Magazine New Zealand

CARMEL SEPULONI I'VE ALWAYS BEEN A FIGHTER!

Our former deputy PM the lessons she's learnt in politics on CTI

time-read
3 minutos  |
August 31, 2024
KENNEDY & SOLLY'S ROMANTIC RACE TO THE ALTAR
Woman’s Day Magazine New Zealand

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!

time-read
5 minutos  |
August 31, 2024
THE BRAD & GEORGE SHOW is back!
Woman’s Day Magazine New Zealand

THE BRAD & GEORGE SHOW is back!

Their lovable bromance is stealing the spotlight in Venice!

time-read
1 min  |
August 31, 2024