|
| |
| |
Click here for some great mommy and baby freebies from BabiesOnline.com
 | |||||
 Main Page Site Index Getting Pregnant Pregnancy Parenting Pregnancy and Parenting Journals
|
An Odyssey Into Frugality: How I Became A Miserly Mom by Jonni McCoy - http://www.miserlymoms.com Parenthood brings about many changes -- but frugality was not one that I expected. My husband and I had a pleasant lifestyle. Adding a child made it even more pleasant. But, as the years went by, I could see that I had to make a choice. What was best for my child? In order to appreciate the frugal changes that our family has experienced, you must know that I am not frugal by nature. It was something I had to learn in order to survive. I was raised overseas where we lived in large homes with at least five servants. I attended private schools. We traveled to exotic countries for our vacations. After college, I was on the yuppie track. I worked at high-tech companies such as Apple Computer, Inc. and National Semiconductor. After my first child was born, I arranged a job-sharing program so I could work reduced hours. I had my coffee flown in from Hawaii, hired a nanny, and went on weekend vacations. I "had it all." However, after my son turned three years old, I wanted to spend more quality time with him. But there was no way I could quit because I was earning 50% of our family income. Plus we were living in the expensive San Francisco Bay Area. So we decided to move to a remote suburb where our house payments would only be half of what we were paying. I quit my job and put our house on the market. Then, I realized I didn't want to move, but I also didn't want to be working. I was determined to find a way to stay where we were on half of our usual income. So began our odyssey into frugality. I began my quest by looking at the things I could do without. I first reduced my tax withholding since our income was now half what it used to be. We no longer needed child care. New clothes were not a necessity for me since I had a wardrobe from my working years. We decided not to eat out or go on vacations until this was all sorted out. Then came the harder things. Most items left in the budget were fixed. The mortgage couldn't be reduced or refinanced at the moment. Utilities were already low, but we made a small dent in them. The only item left in the budget that I could influence was groceries. I focused heavily on this area since it is the largest area in our family's budget that isn't fixed. I eventually arrived at what I call the Eleven Miserly Guidelines. When I follow all of them faithfully, I can feed a family of 4 on $40 per week. That saved us more than $240 per month in this one area. This may sound extreme, but the results were amazing. We were able to stay in our home, keep our cars, have another child, keep me at home, and even go on vacations. When we first embarked on this adventure, our family went through a very difficult time. We didn't know how to live within our means. We felt poor and weren't sure we liked this feeling. We had to plan for everything we wanted to spend money on. And we had to do without some things. We started to feel deprived. Deprivation wasn't something we were familiar with, nor was it a nice feeling. But we knew we were doing this for a good reason...to have me at home with our son. And we knew that millions of people had gone before us in this transformation from yuppie to virtual non-consumer without losing their self-esteem or sense of dignity. I was determined to maintain ours as well. We gained a sense of self-confidence that earning high salaries couldn't provide. We now know how to provide for our family on half of what we did before. We can do a good job with the talents and wisdom that we possess. This is a great feeling -- better than any raise or bonus that I ever received. It took creativity and an ambition to make it work. We weren't going to stay home and mope about how we couldn't afford to go anywhere. We were determined to find things to do that we could afford. These are the kind of changes that will stay with us forever. If we have money again and can buy things freely, we will always know we can do without those things -- and still be very happy. We have become closer to one another. And we know we can do whatever we set our mind to. Many people would pay a therapist plenty to learn these attitudes. If any message comes from our adventure, I hope it is that anyone can do whatever they have to, if they believe in the goal. You can learn practical ways to reduce a budget, without fearing images of dumpster diving or eating scraps. I am proof that people can retain a sense of class and still be on a budget. JONNI'S TEN QUICK TIPS Here are some basic ideas that should make a dent in anyone's budget.
|
|
|||
Please feel free to email us at 
if you have any questions or comments!
© Earth's Magic Inc 2000 - 2010. All Rights Reserved. [ Disclaimer | Privacy Statement ]