When men are wondering whether their wives should go back to work, they must remember that having two incomes in the home is more about what both partners want in the marriage. There are times when both partners want to be at work and making money. There are other times when one spouse would prefer not to work and take care of the kids. Also, there are times when one partner would prefer to work from home while the other is working outside of the house. There is more than one options for the family that chooses to have one or two incomes in the house.
These days, it seems that everyone is having a tough time financially. While it may seem that every cent you get paid has to go to a bill, gas, or food, building a nest egg is more important now than ever. Having some money squirreled away can be a blessing if your car breaks down, you lose your job, or someone in your family gets sick, particularly if you live from paycheck to paycheck. Saving can be surprisingly easy, and sometimes even fun!
The first step towards saving up is making your money inaccessible. Open a savings account with a different bank than the one you usually use, but make sure you won’t get charged any fees for doing so. If your chosen savings bank is hard for you to get to, open a checking account as well and get a debit card. Next, pay yourself first. Visit your primary bank, and set up a direct deposit into your new savings account. Make sure it goes into savings, or else you won’t get any interest from your hard work! Once you have the direct deposit set up, take that shiny new debit card and put it somewhere you can’t access it without a fight. One idea is to fill a plastic container partway with water, put the card in the middle of the container, and freeze it. You could also tuck it away with your out-of-season clothes, or in the back of your spice rack. Just make sure you won’t be tempted to reach for it except in a dire emergency.
Some would say my wife and I are the adventurous type. We love traveling together, trying new things, and generally do not allow the grass to grow under our feet. A few years ago we moved away from our home town to start our life as a young married couple in a new state, with new careers, more than a 12 hour drive from the home we had known since birth.
Getting your finances in order is one of the most important things that you can do, and many people in this situation turned to a financial advisor for help in this area. Working with a financial advisor can be a wise move, but it can also be expensive. Before you hire any financial advisor, it is a good idea to understand exactly how he gets paid first. There are a number of different ways that financial advisors can charge you for their services.