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Updated: Dilemma of a one income family

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Update at bottom of page.

Just recently, my husband resigned from his job and became a stay at home dad. The kids are loving it, he is loving it, our bank account not so much. Okay, it has only been 2 weeks, so our bank account doesn’t even realize what has hit yet but I am sure that it will cry when it does. 🙂

We knew over the course of last year that this would have to happen in order for Chris to go to nursing school. So we made changes and adapted our lifestyle to help with the transition. I have always been one to use coupons and find bargains, so that didn’t change. We will be going on our last and only vacation this year in a few weeks , probably last one for 2 years. We cut back on excessive spending, paid off debts and started creating a small nest egg.

What we did not prepare for was having our oldest son come home from church yesterday super-excited about a youth retreat that the youth will be going on in August. He even remembered the website address for me to register him. And that is saying a lot because poor Hayden, he has a hard time remembering important details. So when he spent 20 minutes telling us all about this retreat, how to register, etc. I knew the boy wants to go! Chris and I already knew about the retreat and were prepared to have to pay something. Well, when I went to sign him up and saw the price, let’s just say I was more than sticker-shocked. It was more than double what I thought it was going to be!

So the dilemma is: Do we say no or do we bite the bullet and register him? I am leaning more towards letting him go and just eating Ramen Noodles for the next month. 🙂 If we were a two-income family, it would be a no-brainer but having our income cut by over half..well, these decisions have to be carefully weighed.

If we don’t let him go, well, I am not telling him. That will have to be the big C’s job.

I know over the next 2 years, we will have more of these decisions pop-up that we weren’t expecting but we have faith that we will be okay. Even when we have to say no to our sweet children, which we are already pretty good at. 🙂

ImageJust look at him though, he is ready for his 1st youth retreat! I still can’t believe he is already that old.

Let us sacrifice our today so that our children can have a better tomorrow. – Abdul Kalam

Update: We did make the decision to send Hayden on his first youth trip and are so thankful we did! He came back Monday just as excited as the day he asked us to go. He is already talking about next year. 🙂 When Chris and I decided to send him we never worried where the money would come from and didn’t have to sacrifice anything to pay for it. It’s a God thing!
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About CaMpHoTeL

We are a family of 5 that loves saving money, loves each other and loves adventures. We are all about making lasting memories, all the while saving the moo-lah!

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