Moving to One Income So A Spouse Can Take Care of the Kids – Your Guide

Moving to one income to take care of the kids.

While 60 years ago, one parent staying home to care for the children was the norm, today, having both parents work is the norm. 

According to Pew Research, “Roughly 60% of two-parent households with children under age 18 have two working parents.”  Many families have one parent stay home until all the kids are in school, and then both parents resume working.

Keep reading and we’ll show you if a) living on one income is good for you and b) how to go about preparing for it.

Your Guide to Switching to One Income So One Spouse Can Be a Stay-at-Home Parent

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How I Made the Switch from Traditional Employment to Freelancing and How You Can, Too

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I majored in English in college. 

(Honestly, this is probably the worst decision I have ever made.  If I had to do it over again, I’d probably major in something more practical like journalism where I could still utilize my love of reading and writing.)

I went on to graduate school where I majored in English and Teaching English as a Second Language.  One year after I graduated, I snagged a job as a full-time English composition teacher at a community college outside an urban area.

In the beginning, I loved teaching even though the load was heavy.  I was expected to teach 5 classes a semester; each class had 28 students.  Each student had to write five essays during the semester.  That means I was grading 700 essays in a 16 week period.  These essays were each 3 to 4 pages long.

The load was heavy but manageable before I had children.  But when I had my son four years after I got the job, I started having difficulty balancing my work life with my home life.

By the time I had my second child four years later, I no longer enjoyed my job.

The quality of students was deteriorating.  The school hired full-time security guards to roam the halls because there had been so many problems with students threatening teachers and fighting in the classrooms.
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Get the Job You Want! – How to Choose the Right References for Your Job Search

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Anytime you search for a job, there is a good chance that you will have to provide references to the hiring manager.

Potential employers want to talk to people who know you, and who can provide insight into your abilities and strengths.

Choosing the right references for your job search is about more than just providing a list of names to a potential employer.  If things get serious, the hiring manager is likely to follow up.

Do you know what your references will say about you?

Here’s How to Go About Choosing the Right References in Your Job Search

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Where to Educate Yourself for Free Online – You Don’t Need to Spend to Learn

Where to learn online for free.

With the average cost of a college education increasing 12 fold in the last 30 years (Huffington Post), some are deciding it’s not worth the expense and simply shunning the college experience.

For those who do want to attend, college is beginning to feel more and more out of reach.

In fact, “Bloomberg reports that the rate of increase in college costs has been ‘four times faster than the increase in the consumer price index'” (Huffington Post).

But if you shun attending a traditional college, all is not lost.  There are plenty of ways to get your education for free, thanks to the Internet.

Eight Places to Get a Free Education Online

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My Adventures At FinCon ’13 – Upping Your Game Through Professional Development

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You want a better, more fulfilling career, right?

For some people that’s a whole lot more like a new job, better pay, appreciation… you get the picture.

For others they just want to make sure they are giving their job everything they can so they can be the best at what they do.  And by job I don’t mean you have to be working for someone else, this could very well be your own business.  (Though really, you are always working for someone else – the customer).

Who doesn’t want more in their career then, right?

But how do you get it?  Not by sitting back and hoping it just happens.  And let’s face the grim truth — if you aren’t getting better at what you do there’s someone out there that is.  You have to always keep learning.  Excelsior!

You need to up your game.

Go out and learn what you can about your field.  Improve those skills that will help you do your job better.

Develop yourself professionally.

This can mean a lot of things.  Maybe you take an advanced class in Excel.  Perhaps you join Toastmasters so you can do better presentations.  It could mean poring through the latest periodicals in your field.

Another option is attending professional conferences.  This is what I did Oct. 17-20.

FinCon ’13 – Where Bloggers and Personal Finance Meet

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5 Financial Considerations Before You Quit Your Job to Be Your Own Boss

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For many, the dream of working from home is a strong inducement to quit a job.

After all, if you could be your own boss and set your own hours and still make a living, wouldn’t it make sense to walk away from “the man”?

Quitting your job is about more than just making sure that you have enough income from your side hustle to replace the income from your day job.  You might not realize all the benefits you’re getting from your current job.  You will need to a way to make up for those losses as well.

Before you take the plunge and quit your job, here are a few questions you should have answers for:

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Do You Need More Time Off? – Vacation Time in the U.S. Vs. Other Countries

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Around the world, Americans are known for their solid work ethic.

Here in the United States, we place a premium on hard work.

However, that might actually be detrimental to us.

If you are looking for a good work/life balance, the fact that you leave an average of 11 vacation days on the table (according to CNN Money) could be a bad thing.

It might even reduce your productivity level.

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How Does U.S. Vacation Time Stack Up against Other Countries

We take much less vacation than other countries.

In fact, many countries require companies to give a certain number of paid vacation days for employees with 10 years of services.  The United States isn’t one of those countries, but China is (10 paid vacation days).  Other countries include the United Kingdom, with 28, and Japan with 20.
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