Goodbye TV news anchor salary. Hello sacrifice.
That’s how you can sum up the change in my financial situation since I left my job in 2009, got married and pregnant in the same year. I became a stay at home mom and evolved into a work at home mom.
Sometimes I daydream about my single life. I had the job of my dreams (that didn’t involve working weekends), bought a spacious condo with a two car garage, took a trip to Europe with some friends and other “spur of the moment” vacations. I could stay out late and enjoy expensive dinners. The only thing I didn’t have was a brand new car or the car payment that goes along with it. Aside from student loans and a few credit cards, “financial stress” wasn’t in my vocabulary.
Fast forward seven years to 2013…My husband is holding down 90% of our household budget and I’m extremely grateful. A.J. attends a part-time morning preschool which is a lot less expensive than full-time day care.
Since I’m essentially a freelancer who does contracted work with clients, brands and sponsors – my income is not consistent. I’ve had great months when the revenue was rolling in. I’ve also had months where I worked at a deficit by the time I paid for website hosting and design.
When I have a great month financially, I find that I don’t want to splurge on myself. I’d rather pay for Parents’ Night Out at A.J.’s preschool or a babysitter so my husband and I can have a date night. To treat A.J. I take him to the toy department or bookstore to buy something new.
I haven’t bought myself any new clothes in at least six months. The last thing I bought for myself was a pair of sneakers from Target and it’s because I won the gift card in a giveaway.
Will I ever get back to my previous TV news anchor salary as a work at home mom?
I believe it’s possible. Maybe then won’t have to sacrifice. But I have even more important financial decisions to make as a wife and mother.
Do you make financial sacrifices as a mom?
When you splurge on yourself, what do you buy?
Disclosure: This post is inspired by Genworth Financial. These are my honest opinions and experiences.