It’s been almost five months since my husband took the plunge and returned to school full-time. Since then, our comfy, two-income life has been slashed down to just one, and it’s been a big adjustment. We, like most North American families, rely on two incomes to meet our financial goals and pay our monthly bills. Now that his income is …
How to Use the Lifelong Learning Plan to Avoid Debt
On Thursday my husband will get in our car and drive to university for the first time in almost ten years. He’s excited and a little bit nervous. He hasn’t had to worry about deadlines and papers in nearly a decade it’s going to take some time to adjust. But one aspect of school that he won’t have to worry …
That Time My Husband Went Back to University
Last week I put the finishing touches on my emergency fund. After raiding it to pay off my car loan, it’s finally back up to the $10,000 mark that I prefer. Which is good, because I’m going to need it over the next 16 months. My husband is going back to school. That’s right, in two weeks, we’ll be a …
Crash Testing My Finances: Living On One Income Edition
Last week, I revealed my budget to the world. It was kind of scary, putting those numbers out for people to ogle at, but I’m also happy I did it because I got some great feedback. Adding those numbers up definitely got me thinking though. I haven’t been very vigilant when it comes to having a plan in case of …
My Month of Living On Half My Income
Earlier this month, I wrote about how I’m living on half my income in October. Since the payroll at my new job is direct deposit once every 15 days, and my old job was via checks once per week, there were two weeks in October where the two pay periods didn’t overlap, and I’d be without a paycheque. I knew …
Always Be Prepared: Living On One Income Part 2
Last week I posted about what I would do if my family lost 50% of our income in the form of job loss or some other income-impeding emergency. I feel like this is an important topic to address because many Canadians are not prepared for this type of scenario, even though it happens fairly frequently. I’d hate to think of …