Today marks the first day of my Living on a Shoestring Budget series. I know that everybody has a different definition of shoestring so I thought I'd reveal our monthly income.
My husband currently works at a local factory that is predicting layoffs will start in about three weeks. His current hourly rate is $10.72 and he works between 38-40 hours a week. Once deductions are taken out he brings home around $370.00 weekly.
I am a stay at home homeschooling mother, I run our small farm, and I've started babysitting full time. I have one full time child and I earn $75 a week for her and I also have another family that I provide once a week care for and that brings in $40 a week, bringing my total for the week to $115. The majority of my income goes towards the farm, it provides the feed and any other needs that arise. My income also puts gas in my van and pays for any activities my children are in.
Our monthly combined bring home income is $1940.00 or less. Needless to say our shoestring is pretty small and one misstep or day off can really cause a lot of stress.
Don't miss tomorrow's post to see how we make our budget work.