In anticipation of having children in the relatively near future, my husband and I want to do a sort of trial run of living off just his income. Starting next week, we are going to put my entire paycheck each pay period in a savings account, so that we can still access it in an emergency but we won't "have" the full income we do currently. I make about half what he does (not counting his second, part time, under-the-table job), so it will cut our income by 1/3. Not only will this give us a real world idea of what we can financially expect once I'm not working (without me actually giving up my job and, albeit, without the added expense of a child), but assuming we truly don't touch it except for absolute emergencies we will have a very nice little nest egg by the time we are actually ready to grow our family.
Does anyone have any thoughts or suggestions for how to improve this experiment or keep records specifically pretaining to same? Should we adamantly refuse to use my paycheck for anything once it goes in savings, i.e. just pretend that money doesn't exist? Or should we be slightly more lax and say "Well, we'll still use it for A, B, and C, but not D, E, or F." If we do still use it for some things, does anyone have any suggestions for the best way to keep cohesive records? Say, for example, the easiest way for us to be able to look back and see when we would have been in trouble if we really only had his income and couldn't fall back on mine.
Thanks in advance! :)
Submitted December 28, 2017 at 05:03PM by moonoak20698 http://ift.tt/2pOXvGX
