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We Lost Some Income, Time to Budget


When my wife and I started our lives together, we had some rough times. The income was tight and we were forced to track every penny just to make sure we had enough for next month’s rent. It only lasted a few months, but it definitely wasn’t fun.

(Two Incomes) – (One Income) = Strict Budgeting

For the past couple of months, my wife has been working nearly 24/7. I don’t know how she did it. Her job seemed great at first: she could work from home, she traveled around the U.S. a couple of times a month (which she loved), and the pay was consistent. But, the job that once seemed a dream was no longer a good fit.

She still loved her job, but it took her away from what she loved even more; her family. We moved back to our hometown so that we could see our family and it just wasn’t happening.

Through a mutual understanding, my wife is no longer employed. I supported her decision 100% and I’m actually excited for what the future will bring, but for now, during our house renovation, we really need to watch each and every penny!

Yep, you guessed it! It’s time to budget! For a while there, we were quite spoiled. We had my day-job income, my wife’s income, and a pretty decent cashflow coming from our side-gigs as well. There really was no need to budget every single expense. Our checking account seemed to grow no matter what we bought.

This week, I am finding myself on every day, trying to get an understanding of our monthly expenses again. Once I gain an understanding of our monthly income and expenses, it’ll be time to start putting dollar values in the various budget categories. I know we’ll be fine, but it’s just going to take some planning!

(Two Incomes) – (One Income) = Future Opportunity

While I’m not overly excited about budgeting (actually, that’s a lie, I LOVE to budget – there’s just something about putting numbers into a spreadsheet that gets my juices flowing! ;)) , I am ecstatic about the possibilies this gives us!

My wife might tell you differently, but I don’t really see her being happy in a typical job. She’s a free spirit and loves to march to the beat of her own drum. She’s an entrepreneur at her core and I can’t wait to see what she does with this amazing opportunity!

She already has her business license for photography and she’s an amazing graphic designer. With the extra time, she could really start making progress on her dreams.

Stay posted for more on the development of our life. It’s getting interesting! 🙂

Have you ever had an opportunity like this? Did you capitalize on your extra time somehow? What did you do?

Budget Money


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I would say, that’s too bad… but it does sound like an opportunity to do something really cool. You never know what could come of it. wishing her (you guys) the best!

    • Thanks for the kind wishes! Stay posted for what we decide to do in the near-future! 🙂

  2. When I accomplished financial freedom, I started a fast food restaurant andd within a couple years I added a studio catering business. After all, it is Los Angeles! It wasn’t for money, but different income streams. In the end (after 7 years) I returned to the business world for a different opportunity. The biggest benefit of accomplishing your goals (financial freedom) is choices. I have been a teacher for 11 years and started blogging last year. Who knows where this will all lead?

    • I’m always inspired when I hear your story Krantcents. Thanks for sharing! I would love to have a history like that someday.

  3. Wow! Time for a change. But I’m glad you guys see it as an opportunity, I’m sure it will all fall into place. Best wishes to you both.

    • It really is an opportunity, and I think that we’re in a great position to capitalize! I can’t wait to see what becomes of this!

  4. You can do it Derek! It’s best to leave a job that you doesn’t work out as soon as possible. She could have stayed and be unhappy for a long time, but I think she made the right choice to strike out on her own. Good luck to both of you! Steve Jobs would say go for it!

    • I agree! I can’t wait to see what the future brings! 🙂

  5. Derek, I wish you and your wife a great future. You both have the skills and determination to make something wonderful.

    • Thank you! I think so too. I’ll definitely keep everyone posted on what we’re planning for the future.

  6. You guys will do great, and I can’t wait to hear what your wife plans on doing with the free time!

  7. it takes a special kind to see opportunity in adversity. while i am sure you know you are lucky to have your wife, i hope she too realizes how lucky she is to have someone with such a perspective. all the best to you buddy and with that attitude there is no doubt you guys will be just fine.

    • Things are actually taking off already! She has done a few photo-shoots lately and has gotten some great response! She has people asking her if she does family portraits and baby photography! It’s pretty exciting! 🙂

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