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Benefits of Living on One Income

In this time when it seems many couples seem almost to feel they cannot exist without two incomes, let me suggest a few benefits of being a one income family. Early on in our marriage we made the choice I would stay home while the children were young, because we thought it was important. Neither of us wanted to leave the raising of our children to others. Basically we thought it was vital to be able to spend time with them and teach them and shape their values and attitudes. Obviously the more time you spend with children the more … Continue reading →

Do You Use Your Pockets?

I use mine. Yes, I use the pockets in my clothing, but I also use my financial pockets, and so can you. I read about this idea about ten years ago, and ever since then I’ve used it as a household financial organizing technique. It’s simple and effective. What is a pocket? Well, we have a single bank account. Underneath that account, we have at least eight sub-accounts for savings. I can go online and transfer money into any of the other accounts. These accounts are for things like bulk food purchases in the summer (we buy a lot of … Continue reading →