Can you make money homeschooling?

Become a Homeschool Affiliate or Blogger . This lends itself well to homeschooling, since you'll likely be sharing about things you're already using or doing. Money can be made through affiliate sales, video views, blog advertisem*nt, etc. 8.

Can a family live on $1,000 a month?

But it is possible to live well even on a small amount of money . Surviving on $1,000 a month requires careful budgeting, prioritizing essential expenses, and finding ways to save money. Cutting down on housing costs by sharing living spaces or finding affordable options is crucial.

Is 2 hours homeschooling enough?

The findings in the Duvall studies suggest that, in as little as 2 hours, homeschoolers can engage in the same amount of strategic learning behavior as public-school students experience in an entire school day.

Is there a downside to homeschooling?

What are the common disadvantages of homeschooling? Common disadvantages of homeschooling include a lack of real-life socialization, limited access to resources and facilities, the demanding load on parents, and potential legal challenges .

Is $2000 a month livable?

“ Retiring on $2,000 per month is very possible ,” said Gary Knode, president at Safe Harbor Financial. “In my practice, I've seen it work. The key is reducing expenses and eliminating any market risk that could impact your savings if there were a major market downturn.

Can a single person live on $70,000 a year?

As a single person, earning $70,000 annually might be completely comfortable if you live a modest-to-spendy lifestyle in a city with a low cost of living . Living in a high cost-of-living city, like Los Angeles or New York, might also be possible when you split housing costs with a roommate or relative.

How much money a year is livable?

In California, you need to earn $80,013 , the study states.

How much income do you need for a family?

For single parents, necessities require an income of $109,111 with one child in the household, $140,222 with two, and $178,113 with three children . Families with two working parents raising two or three children will need $150,578 and $176,107, respectively.

What is the ideal income for a family?

You also don't want to pay too much in taxes. Researchers say the ideal income for maximum happiness is $75,000. But I believe that's BS. In my opinion, as someone who has made $4/hour to over $1 million a year, the ideal income for maximum happiness is about $200,000 per person and $350,000 for a family of up to four .

How do you combine household income?

You can calculate household income by adding every member's gross income together . Correction—Oct. 1, 2023: This article has been edited from a previous version to clarify that the average household income is the average of everyone divided by a household, not the average of all people in one household.

What is a decent income for one person?

The national median for living comfortably alone is $89,461 , which suggests that a 50/30/20 budget might not be practical for most single people.

Living and Homeschooling On One Income - Homemaking Organized (2024)

Money Matters

Living and Homeschooling On One Income - Homemaking Organized (1)

Several years ago I wrote a post over at Money Saving Mom about how we (my family) make it work on one income. My daughter was a tiny tot then (okay she was 7) and we were renters. It’s 6 years later and I thought maybe you would like an update.

The Income

My husband still has the same job as an HVAC technician. He’s been blessed in his job and continues to make a good living.

Probably not even worth mentioning, but since it does add a bit to the family incoming, is this little blog Homemaking Organized. I’ve had it as long as I’ve been a stay at home mom. I don’t make tons of money from it and it certainly cannot replace my husband’s income. But it makes enough to tithe to our church, pay for itself (and all the goodies I buy to go with it), and take a good family vacation.

The Outgoing

Since I wrote that post for Money Saving Mom we have since purchased a home. I wish I could say we paid cash but circ*mstances came about that made it smarter to buy than to continue to rent. We pay more monthly for our mortgage than our rent was but somehow it works (I have no idea how). We did get a good interest rate and had a nice savings set up before hand. Our move also put us in a neighborhood only God could have foreseen. We have been blessed a thousand times over with friends that have become like family here.

I still homeschool our daughter and we’re part of a great homeschool community in our church.

Apart from the regular outgoing such as housing, utilities, and food our daughter is also enrolled in two sports, we pay for her boxed homeschool curriculum, we eat out a teensy bit more but not much since I still have a food allergy, and we entertain a bit more. We’re working on our hospitality thing. And boy are teenagers expensive!

Where we Budget

We still own the same car that is paid off. It has needed repairs here and there and we have paid cash for those. My husband is very good about keeping it well maintained. How long will it last? Only God knows but we are thankful for what we have now while also planning a bit for what might be. ;}

To save on groceries I took the Grocery Shopping Bootcamp eCourse and try to shop smart. By really digging deep into what you are buying and where you can shop smarter you can really cut your grocery bill. In our house this meant cutting back to shopping ~~once a week~~ once every other week and paying cash. This was a smart move because then I have to make sure to stick to my list. I also carry a calculator and keep a tally. When my daughter was younger I had her do this for some homeschool math practice. Now she’s graduated to actually cooking a few meals so that’s another blog post.

Since moving we also redid the family budget. My husband is really good at this which also includes paying the bills (this was in my hands before we moved).

Homeschooling

We use a boxed curriculum for our homeschooling needs. It’s not the frugal option but it is the option that works well for our daughter and her future goals. We purchase the core curriculum for the grade and we purchase during sales and from our local rep who gives us free shipping. As a homeschool blogger I am blessed to review items that round our homeschool curriculum. And as a member of Schoolhouse Teachers we have access to an online hub with tons more resources that further bless our homeschool.

Some Frugal Tips

Along with what I mentioned above there are some basic things I like to do as a smart shopper and homemaker to save money and keep a frugal household. I mean who likes paying full price?

Make a family budget. This is muy importante. Knowing what’s coming in and what’s going out is a must.
I use Ebates when shopping online
I use Ibotta when I buy in the store although it’s not great when you make a lot of stuff from scratch but occasionally it’s good for a few things.
As my daughter has gotten older I’ve been able to buy her clothes and shoes on Zulily for a lot less. I also buy my stuff there too.
We buy things with cash.
If things are looking too bleak there is plenty you can do from home to help support your family.
And, very important, we do our best to keep your belongings in good working order. Such as the car, appliances, clothing, shoes, the house itself, etc.

It’s a matter of reducing your debt and living within your means. It may mean sacrifice such as fewer vacations. But it is worth it.

Want more money saving and budgeting tips? For a small price pick up 46 resources to help you budget, save, and even earn more money. Master Your Money Super Bundle

Living and Homeschooling On One Income - Homemaking Organized (2024)

The Income

The Outgoing

Where we Budget

Homeschooling

Some Frugal Tips

FAQs

Can you make money homeschooling? ›

What is a decent income for one person? ›