How to financially prepare for 2nd child?

Leah - posted on 01/11/2010 ( 3 moms have responded )

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I have a 17 month old daughter and became a stay at home mom 2 months ago (lost my job and 1/2 of the household income). I could possibly be pregnant again, which terrifies me. Right now we are financially just barely making it. Does anyone have any advise on how to make this situation work?

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Rebecca - posted on 01/11/2010

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HI Leah,

Both Eva and Sarah have some great suggestions I'd like to add to. You may want to look into a home business. The thought scares a lot of people but if you find the right fit for you, it could be a very lucrative move for your family. This is actually what I did. I found a great group of moms all working right from home. This allows me to continue to stay home with the kids, have complete flexibility in my schedule to work when I want and earn a pretty good paycheck right from home. It may or may not be for you but I'd be happy to share if you are interested.

All my best

Rebecca
Helping Moms Work from Home
www.4ThisFamily.com

Sarah - posted on 01/11/2010

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What was your job? Could you do something out of your home with that? Like if a teacher instead of teaching doing tutoring. What about babysitting/day care? This is not for everyone, but what about watching a few extra kids a week? Could you get a part-time job that would work around your husband's hours, so you don't have pay for day care?

Eva - posted on 01/11/2010

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I THINK YOU NEED THE HELP FROM YOUR FAMILY. I ALWAYS HAVE THEIR SUPPORT AND IT'S REALLY HELPFUL. YOU MIGHT WANNA ASK FOR OTHER HELP LIKE WIC, FOOD STAMPS OR STUFF LIKE THAT. DON'T BE ASHEMED OF IT WE ALL NEED IT SOME TIME. TRY ALSO SELLING STUFF FROM HOME LIKE CAKES OR SOMETHING YOU ARE GOOD AT. I'M PLANNING TO MAKE CAKES TO SELL AND/OR BOOTS FOR WOMEN. THERE'S A LOT OF SITES ON THE INTERNET WHERE YOU CAN GET NEW AND CHEAP CLOTHING OR SHOES. YOU DON'T HAVE TO INVEST MUCH AND YOU CAN GAIN A LOT. THINK ABOUT IT AND GOOD LUCK.

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