My grandmother’s frugality while she was living and her kind distribution of assets after her passing has helped Frank and I become debt free. We are a two income family that lives quite comfortably. Throughout the year we can afford to take trips across the US. At times, when work is slow for Frank, we can depend on my salary alone.
When we have kids I want to be a stay at home mom or work part time (20 hours or so).
NJ has an extremely high cost of living.
How can we maintain our debt-free lifestyle, enjoy the amenities we’ve grown accustomed to (travel and fine dining specifically, not so much in monetary things), have me be the secondary bread-winner rather than the primary/stay home more, and live in NJ without absurd housing costs?
I’ve never loved money but saw it merely as a means to an end, a tool. I don’t think it is evil. I don’t think it is good. It just is.
How will we instill these money values (not to be greedy but not to be careless) in our children? How will we manage/ juggle the items mentioned two paragraphs ago? How will I remain calm and not let the logistics of finances and how that will change when we have kids freak me out?
Prayers for financial peace and proper priorities needed if and when we do have kids. Thanks.