As your transition into a one income household look at your income and determine if there are ways for you to make more money at least until you have your finances in check. If you have poor budgeting habits, making more money isn’t going to be silver bullet to answering all your woes. Unless you change your spending habits, you will find yourself in a vicious cycle and working really hard to get there. Here are some options:
1. Consider a part-time job this holiday season. The 10-20 hours you work between now and the end of the year might help you pay off a credit card balance so that you can get ahead of the curve.
2. Ask for a raise at your current job. If you believe that you are underpaid, do some research to get a rough estimate of what people are being paid in your position (based on geographical location and education level) and go to your boss with the results.
3. Reduce your commuting costs. If the cost of your daily commute is continuing to rise while your income stays the same, it might be time to look for a way to reduce the costs. This could mean moving closer to your job or finding a job closer to home.
4. Get an employee referral bonus. Many employers now offer an incentive to employees if they refer a prospective employee who gets hired. In some cases this could be $1000 or more! If you help your employer find the skilled workers they need, this could benefit you without your having to work very hard. Check with your company’s human resource department to see if they offer such a program.
For more information, contact the Family Law Offices of Renee M. Marcelle at (415) 456-4444, or online at http://www.familylawmarin.com/