You’ll be so grateful for one less bill to pay when you’re working from home.
QUIT MY JOB FULL
If you can pay off any debts while still working full time, then it’s definitely worth considering doing that. When I worked full time, I really didn’t think I had much money to spare but looking back, I definitely did and would’ve rather paid off my smallest credit card. One regret I have is not paying off more debt. This was a huge help since that meant less money I needed to make. I knew that my car was going to get paid off soon after I started working from home. You’ll have to decide what’s right for you, but reducing daycare expenses can save a ton of money and mean your business needs to earn less. ♦ Related posts you might like: 5 Reasons To Eliminate WAHM Mom Guilt for Using Daycare This reduced my daycare expenses from $750 a month to $400. This didn’t last long because it was just too much of a change for both of us.Īfter a month, I decided to put him in part-time daycare at a local church. Since one of the reasons I wanted to work from home was to be with my son more, I chose to keep him home with me. When trying to figure out how much money I needed to make to be able to cover expenses every month while working from home, a lot of the expenses are variable. This might sound tough but just knowing it’s for a season makes it doable.
QUIT MY JOB FREE
Many times we simply found things to do that were free like flying kites at the park or going fishing. If we wanted to go to the zoo, we’d wait until we found a deal on Groupon or something. Limit entertainment expensesīasically, this meant that we limited our weekend adventures with our son to only things that were free or very low cost. When I discovered that meal planning was a thing, this dramatically reduced my grocery bill.Įven though planning and creating a list for the meals took some extra time, it ultimately saved me time and money in the grocery store and at mealtime throughout the week. I would either have to go back to the grocery store or end up eating out. Often, this resulted in me buying a bunch of unnecessary items, food going to waste and often having food but not meals. This often meant that I would go to the grocery store and just buy whatever I thought looked good for our meals. Meal planning to reduce the grocery billīeing a busy working mom, I didn’t always have a plan before going to the grocery store. I started cutting back on eating out a lot leading up to me leaving my job and this helped me save money. Running behind on my way out the door and no time to pack a lunch? Just go out to eat with your co-workers. It was so easy to grab breakfast or a coffee on the go. This was a big expense when I was commuting to work every day. To give you an idea of how I made it work, here are the various things I did to afford to quit my job. Making some changes to our lifestyle was worthwhile if that meant I could quit my job. If you’re like me, you probably feel like it’s almost impossible to afford to work from home but the biggest thing I realized was that even though we were using all of our two incomes, we didn’t have to be. I created all different kinds of scenarios for how much money I needed to make or different expenses I could cut.Īfter a year of crunching lots of numbers, I was able to quit my job, become an entrepreneur and a stay at home mom. So I did what any scientist would do and I started creating spreadsheets. Precious time was passing by and it was breaking my heart to think about my son spending 50 hours a week in the care of someone else. If I was making the same amount of money, then it wouldn’t be a sacrifice.īut that wasn’t happening and I yearned to be home with my son. We were definitely a two-income household, so I had to make up my income if I was going to be staying home with my son.įor over a year, I just kind of hoped I would make enough money in my business to replace my income and then it’d be easy to quit my job. While my business was making some money, it wasn’t replacing my income.
Now the big question: how could I afford to quit my job and be a stay at home mom? I was good at it, it was fun, and I was making money with it. This really drove me to want to figure out this whole online business thing. I really didn’t know what my options were but the idea of working for myself and making money from my own ideas was very appealing to me.Īfter a year of trying my hand at Etsy ( which I was terrible at), I got pregnant with my son. When I finished graduate school, I really started to reconsider my career choice and quickly landed on trying to figure out some way to make money online. What Motivated Me to Finally Take Action and Quit My Job
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