r/stayathomemoms • u/Consistent-Credit423 • Dec 19 '24

Question How much does your husband make

Does anyone have any advice on how we can save money? We make 100k a year, but it feels like we're struggling to make ends meet while saving to purchase a house. Additionally, we need to kickstart a college fund for our child and plan to have another child in a couple of years.

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u/Mundane-Bass-2257 Dec 19 '24

Post your budget! Unless you live in California, you shouldn’t feel like you’re struggling.

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u/Consistent-Credit423 Dec 19 '24 edited Dec 19 '24
  • Weekly food expenses: $300 - $400
  • Hair care: $350
  • Monthly nails: $120
  • Rent: $2,500
  • Monthly takeout: $250
  • Housekeeping: $200
  • Baby clothes: $200
  • Monthly cleaning supplies: $200
  • Miscellaneous expenses: $1500
  • Phone bill: $150
  • Credit card bill: $250
  • car bill:500
  • car inurance: unknown
  • loan: unknown
  • health insurance: 120
  • My husband spends an unknown amount on his credit card bills but I know it’s quite high.

14

u/Fine-like-red-wine Dec 19 '24

This is a lot of unpack but your spending is out of control. Right off the bat you need to cut nail and hair care every month. Reduced hair to twice or maybe 3 times a year. Also cut housecleaning. I know it’s hard to clean with kids but it will save you money. Not sure where you live but for my family of 3 people who eat we are around 125 each week. Do meals like crockpot meals. Those are cheap and easy. I use Pinterest to find cheap and easy meals. Don’t by extra foods. We have some snack for our toddler but it’s not a lot. We don’t buy extra drinks other than coffee or milk. You also don’t need to spend 200 on clothes each month. Reduce that to once every 3-4 months. You also shouldn’t be spending 200 a month in cleaning supplies. Go to Costco and get in bulk. You’ll have cleaning supplies for at least 6 months. What is miscellaneous expenses?

Once you cut all those use that left over money to pay off ALL credit card debt. Then ONLY use your credit if you can pay off the total amount each month. Do not get yourself into credit card debt since that just eats at your budget.