I knew I wanted to leave work right after my second son was born. At the time we had a lot of debt and weren't managing our money very well. We knew that only way I could manage was if I went back to work full-time and got these debts cleared. So we spent nine months getting used to paying debt with my maternity pay (£128 per week at the time) and living off my husbands wage. This was tough, but definitely worth it. When the time came for me to start working we agreed to use the majority of my salary to pay debt and continue to live off slightly more than my husband's wage (we needed a little more for childcare and extra food costs). We did this for a year. After the year we realised that we could now live comfortably without my income and I handed in my notice.
I would certainly recommend this path to anybody wanting to leave work (although I'd suggest not being an idiot like me and avoiding debt at all costs). If you are planning a child then start gradually cutting back until you can live off one income. Even if that means moving! I'm serious!!! We rent at the moment, simply because it was cheaper to live near the good schools that way. Once my second son is settled we will buy in a less desirable area and cycle or drive to school.
Saturday 4 May 2013
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