Right.
Monday is payday. Although my salary will be paid, I am going to put it away straight away, as we don't currently have any savings whatsoever, and I think without that the existential threat will just be too overwhelming to sleep. So, as far as I'm concerned as of this month we are now on a single income.
I have just had a quick glance over the very brief budget I wrote up the day I decided to quit my job, and had a little wobble when I realised just how careful we will have to be. But it's okay, it's fine, we have all we need, we have a nice house, we are drowning in abundance, we can't even see it anymore.
So I thought it might be a helpful exercise to write down a few thoughts I have drifting about, what we do have, what we don't have, what we can save on, what we will be sacrificing, what we hope to benefit. I don't know, anything. This would be much easier to do if I were just talking and rambling away, but there we are.
So the easiest thing to start with - what we have:
We recently secured out mortgage for another 5 years. Inevitably it has gone up, but we were lucky and got a new deal in the brief lull in interest rates, so it is only about £60 more per month. Could be worse. So our mortgage payments are affordable, and we live in a lovely big house, in a lovely area.
We have had our kitchen redone. This isn't all positive, because we will be repaying it, quite hefty payments, for the next four and a bit years. HOWEVER, had I not taken on this job, we never would have had our kitchen redone, and it really wasn't just a luxury, it was a necessity, our old kitchen was basically dissolving. So I am super grateful for that. We will manage the payments. We spend so much of our time together in the kitchen that it is so worth it.
I have skills that I can use, and now give time to, and hopefully sell. Not much more to say on this, except that time will tell.
In addition to that I have skills and time that I can use to make things for the house and family. Things that are good quality and will last. I have time to repair things and make things last. I have time to think carefully about anything we actually need to buy. I am able to cook and bake and make things from scratch, and I enjoy this.
We live in a community, where after two years we are feeling settled, and like we know and like our neighbours, and that is only getting stronger. We are able to share our resources and lean on those around us when we need help. We are in the same situation as a lot of families we know, where the husband is working from home, and the wives are generally choosing to be homemakers. There is a lot that we can share.
We have all of the books, films and music we could ever need and have two libraries within walking distance.
We live in one of the most beautiful areas in the country, and are surrounded by arguably, the most beautiful beaches in the country.
We have each other.
What we don't have:
Money to spend without thinking (is this a good thing?)
Money for regular holidays or trips.
Adequate knowledge of home maintenance and repair for when things go wrong - can we work on this?
Family near by to support us.
It's harder to think of things that we don't have, we're in pretty good shape.
What we can save on:
Food shopping - buying food without looking at how much it costs. I will have more time to shop around and plan carefully. To buy when things are cheap, and to store in the freezer when necessary.
Organic food. Some would argue it is a necessity. If you don't have much money, it is a luxury. I could work and afford organic carrots. I could not work, and have non-organic carrots, but be around to love and support my family. It's an easy choice.
Clothes - I can repair things where necessary. I will have more time to shop around and keep an eye out for bargains at charity shops. I will have my head screwed on more for seeing when the girls are growing out of something, and have time to prepare rather than always being caught out. I can make our winter jumpers, gloves hats scarves.
Cooking from scratch - I will have time to make all of our kombucha, sauerkraut, sourdough, baked goods, lunchbox snacks, picnic snacks, etc. etc. This is something that has crept up and up, all of these extras. It all costs money.
Books - Make better use of our libraries.
I will think of more.
What we will be sacrificing:
It will be harder if Will or I want to go to a gig or something - we will need to have a good buffer in savings to make this possible.
Likewise any kind of trip away - unless we have a good bulk in savings, this isn't happening.
Holidays - Same again. It's not impossible, but none of these things can be on a whim anymore.
Saying yes to the girls. I don't want to say yes to everything they ask for, but towards the end, before I took the job, I felt like all I ever said was no. We didn't have extra money growing up and it sucked, and I didn't want that for the girls. I have to remind myself that we had no money AND my parents were divorced, and my mother worked full time. The girls have two parents, and if on is at home, I think that is worth more than ice creams and brand name shoes. I hope they'll feel the same too.
Stuff - I won't pretend I have no interest in having a nice house full of nice things. I like it. But I don't need it.
Decorating - Same with the holidays etc, it's not impossible, but it's something that will have to be saved for.
We won't be sacrificing - Togetherness, love, wholesome fun, full tummies, busyness, skills, friends, or any other things that MATTER.
What I hope to gain:
The number one thing - more time and energy for the girls. Not feeling exhausted by them, not saying no to basic, wonderful stuff like going to the park because I'm too exhausted.
My HEALTH. My horrible, horrible, slightly ill health. I have never really put anything into my health. I have made a few half-arsed gestures, but I've never done enough. Exercise, clean eating, and the most important thing that I have always brushed off - NO STRESS.
Fitness - I can get back into running in a consistent way after nearly ten years. I love running and I miss it.
Time alone - I think everyone needs this.
Time to use skills that I have actually enjoyed cultivating and which feel true to who I am, like crocheting garments and drawing. Being creative has been my life's work, and yet I've never worked at it.
Time for Will - he works 40 hours a week, and anyone who does that needs a kind and loving environment to relax and thrive in.
An organised and comfortable house - this is one of the biggest things that has slipped, it's a terrible mess and I've had no time. Equally, finish decorating this place, after two years!
More time outdoors - I live a 5 minute walk from the beach, I should be there.
And so much more I'm sure, I will have to update as time goes on and I am living the life I'm meant for.
Would also add to this list, things that scramble your brain:
- wine
- telly
- social media
- online shopping
Wouldn't let the girls have any of these things, so why me?