Sugar Daddy Budget Comparison

Long-time readers and friends may recall that when my Hubby was faced with a very potential layoff a few years back, I got busy creating a Sugar Mama Scenario

So, when I set my sights on working for myself part-time from home after baby #3 arrives, it meant reviving the old budget and creating a comparison with our current/anticipated finances. This was partly to validate my own assumptions about our budget, but more to convince Hubby that I’m not going to put our family in financial jeopardy by pursuing my dream of blogging and being a Simplicity Parenting Group Leader (more on those plans soon…)

Thankfully, our financial circumstances have improved significantly in the past few years. We no longer have my student loans and we own our Swagger Wagon. These two line items used to be nearly $700 of our monthly expenses. We have also been diligent about saving for a rainy day, and have enough savings to live on no income for several months if we ever faced that hardship.

Childcare has been our biggest monthly expense for some time now, even with our Big Guy now in grade school and only needing after school care and summer camps. Adding another childcare tab would bring our budget way out of balance: a full 3/4 of my income would need to pay for childcare. This was the most convincing aspect of the whole budget comparison, but once Hubby could see that we could still be in the black each month on his income, he was able to understand my perspective on our finances.

Honestly, since I became pregnant (now 27 weeks), Hubby has been a bit panicked about our finances. The idea of one more mouth to feed terrifies him. It’s also because I’ve been quite seriously “threatening” to leave my financial secure career for a part-time pursuit of my passions. For me, the dream of having a third child came at the same moment as wanting a complete shift in my life and creating an independent career.

So, I was relieved that our recent Money Honey check-in went so well, especially given the level of changes we are planning for with a growing family. Hubby’s fears haven’t gone away entirely, but his confidence is growing. Through this process I’ve reflected more deeply on our divergent views on scarcityIn my mind, abundance and wealth is all about your perspective. 

Has your family made the shift to a single steady income?
What were the challenges and advantages?

~*~*~*~*~*~ 
Sustainable Family Finances 
The story of a family creating an abundant and sustainable life.

This entry was posted in budgeting, money honey on by .

About Darcy Cronin

I'm a green mama from Portland OR. I love dreaming about a better future, and making it happen. My family consists of my Hubby of nearly 10 years, our 6yo Big Guy, 3yo Girly, and our big black lab. I've been blogging for over two years, and am continually inspired to strive for more as we celebrate life.

3 thoughts on “Sugar Daddy Budget Comparison

  1. Mindy P

    Spend More Time With Your Children http://www.nightart.org/fundus.
    It does not matter if you work full time or part time. Maybe you stay at home with your children but you are working from home. Even if you stay home with your children, you are busy trying to get everything done. No matter who you are, you probably think that you are not spending enough time with your children. Quality time, that is. There are many ways to spend more time with your children.
    Your children do not need to play every sport or do every extracurricular activity out there. You could spend all of your time running your children from one practice to another. Pick just one or two activities that your children love and stick with them.
    Plan family dinners where everyone sits at the table, eats, and talks about their day.
    Make dinners special so everyone likes to spend time together while eating.
    Let your children help when you are working on things.
    They can help fix dinner, clean, and fix things. Children learn by watching and doing. Chores can turn into time together so that they are much more enjoyable.
    Do things that your children want to do.
    It is hard when the house is a mess but get on the floor and play with your children. Play games that they enjoy. Have a movie night and watch their favorite movie.
    Find things that you enjoy doing together.
    Arts and crafts can be a big hit. NightArt is helping bring parents and children together. You can design a drawing and watch it light up together.
    No one feels like they spend enough time with their children. However, you need to make the most of time spent together, instead of worrying if you are spending enough time together. Find things that you enjoy doing together, like NightArt. Check it out at http://www.nightart.org/fundus. It will bring out the artist in everyone, bringing families together.

    Reply

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