You are a stay home mom, you are working! Don't let other people tell you otherwise, they have no idea (I have two young kids at home 4+7 .. thats more work than most "jobs").
Just my 2cents worth...ANY INCOME is counted as income, even your pittance adds to the kitty. Do not downgrade your contribution to the whole. It matters!!!
I get 100% of my full-time job earnings directly deposited into my online savings account (2.25% APY) and I live off of my part-time security job earnings, and save 60% of that income. And I buy/resell as a profitable hobby. I'm single lol.
I worked at a burger restaurant and the owner only offered pickles and onions on burgers. *NO* lettuce, tomato! Because it goes bad lol. And the restaurant was always busy! And no waste.
I’m so so happy for you that you’re going to be able to have a business as a holistic nutritionist! You have so much knowledge about health and nutrition so you’ll do great! A few years ago we took Dave Ramsey’s 13 week course through our church...he gives a lot of good financial information. We loved it.
Lori John thank you so much beautiful 😘 and I've always wanted to do financial peace university but we never got around to it... but I follow him on yuibe and watch all his stuff. He's so great! 🤗🤗🤗
I love your tip about leaving the food left from a meal. We do the same thing, if they don't finish breakfast then they eat that as a morning snack, or leftover lunch for afternoon snack. Leftover dinner is saved for the next days lunch (usually for my husband and I bc it's not enough for everyone)
I was married before and managed the household, kids and finances and also had a PT job. Not to brag but I did awesome managing it all smoothly (minus the unhappy hubby). My husband called it quits and so for the last few years I am working 2 jobs, with 3 kids fulltime and I am the only bread winner. This is next level but I just have to adjust to the added challenge and then I think I can do ok.
we are so similar! I am pregnant with my 3rd and will be transitioning to a stay at home mom and need to be smart with my income. We don’t have to much left on our house mortgage so i am pleased with that.
I own 6 credit cards. I only owe $27 the I only have them to keep my credit score high. I will use a max of $30 on one pay it off right away. Then use the next one up to $30 pay it off. And I keep rotating just the $30 to keep them active and it gives you a perfect credit score. My highest credit line is $2500 I have never maxed them out. I also have a savings account and I stick to using my debit card. Now that being said my fiancé opposite but we are working on it.
We dont have a use for credit cards in europe but you do know you can use them to get more cash back right? Heard it from a Canadian friend so it could be a canadian thing.
Credit cards don't contribute to keeping your credit score high. Better to take out a small personal bank loan & pay it right back. Score will jump up!
@@janinedekoker9405 yes i like the idea of paying the smallest because then it free up funds once it is paid off that can be put down on the next one to pay that one off faster :) !
To be honest, the wow-effect is lost when we have no numbers to gauge against. That one salary could be at least 100k....who knows! I personally reserve between $200 to $300 weekly. My annual reserve is at least $20,000.
Marla Aycho :::: My point was that you didn’t mention numbers. Many times there is more of an impact when we have the numbers. If someone told me that they managed to save $15,000 a year on a $25,000 salary, it would be super intriguing to discover how. Hope this helps.
We have a 3k credit limit so we can spend 1k without derogatory marks. We dont spend anywhere near that per month but now we dont get negative marks on our credit. It seems once you go past the 30% spot, the credit bureaus see it as you're living beyond your means even though you're not.
It makes a difference how much ur living expenses are and how much you bring in and ages of ur kids. We are a family of 7 living off of 60k a year with rent being 1525 a month. I’m constantly having to use a portion of our savings to buy diapers and wipes for 3 babies. (Can’t wait til they are all potty trained) so I can save money on that. But we usually save 700-800 a month but then baby essentials are needed and we have to take from it, so until they are 2 I don’t see where we will have much breathing room before that.
My garbage can is my husband, He eats leftovers. So that saves money. We cook also everyday. But my husband has a hold on work. He starts in march so we spend little on food. And now the Jumbo is 100 years now we get a lot of on sale
Is it possible to have a non minimalistic life in Ontario (not in Toronto or major cities) with single income of 3000CAD after tax per month. By non minimalistic I mean I need a basic car, 1 bedroom apartment (not a basement) and NO eating out or any expensive entertainments. We have 2 kids, one school going kid and one infant. Is it possible to save some money from this?
I don think that you can compare the two (USA? and Canada). Our Tax burden is gigantic, but it is how the health care system is paid for. Now with an aging population and bad times right now + ahead of us, things will get worse, especially for the middle class.
To be fair, the husband probably gets a good chunk of taxes taken out. That being said, they are still probably coming out ahead compared to if they were in the US.
@@fabiancanada8876 maybe but in America you literally have to pay for everything yourself anyway. I left the workforce this month to take care of our daughter. My husband is of course getting his normal taxes taken out, his retirement money, and now an additional 700 bucks a month to cover me and my daughter. If I kept working but paid for day care it would easily be 1200 bucks a month for an infant. That wasn't really an option for us as anyway she was born very early and day cares are germ bombs. So I looked at nanny/sitter services and they were asking 20-25 bucks an hour. No matter how you slice it, you're either paying for things directly or collectively through taxes.
@@MarlaAycho Could you please make a video with him about this? I am in practically the EXACT situation as you income wise and we both know zilch about that stuff. It would be fantastic to get y'all's input. Thank you for this video!!
You had student loans and went to college but you say your job will only make you 3 kids worth of day care so say $750 month. Wtf did you go to college for that will only pay you $750.00 month???
Daycare for 3 kids under school age is way more than $750 per month. If the child is under 2 years of age, daycare can cost $1000-1500 per child depending on where you live (unless you qualify for subsidy).
Ice distroyer that is EXTREMELY rude. Daycare here (a good and safe one) is almost $1500/month for 3 kids only 3 days a week! THAT IS INSANE! By the time I work and pay into CPP, EI and taxes i would come home with $100 if that? Not worth the stress to me. Also, my degree cannot get me a job in area. i'd need to travel to the city (over an hour away) for any work in sciences. SO I would have to get a minimum wage paying job with shitty and unflexible hours to make pennies. I started my own business as a holistic nutritionist and work from home, have 2 youtube channels, an online store and taking care of 3 kids.... so am deifnitley not a freeloader. www.holisticspring.com
You are a stay home mom, you are working! Don't let other people tell you otherwise, they have no idea (I have two young kids at home 4+7 .. thats more work than most "jobs").
Just my 2cents worth...ANY INCOME is counted as income, even your pittance adds to the kitty. Do not downgrade your contribution to the whole. It matters!!!
Thank you for saying this, it is what I was going to say.
She's not downgrading. She's just trying to say that it's a small income.
Oh, you're Canadian! Wonderful, because your advice will actually help me.
I get 100% of my full-time job earnings directly deposited into my online savings account (2.25% APY) and I live off of my part-time security job earnings, and save 60% of that income. And I buy/resell as a profitable hobby. I'm single lol.
How did you do it? detaills explanation
That's why you can live like that!
2.25% interest in an online saving account !? I REALLY miss those days . . .
wish i knew more about buying and selling things
I worked at a burger restaurant and the owner only offered pickles and onions on burgers. *NO* lettuce, tomato! Because it goes bad lol. And the restaurant was always busy! And no waste.
lol thats hilarious !
I’m so so happy for you that you’re going to be able to have a business as a holistic nutritionist! You have so much knowledge about health and nutrition so you’ll do great! A few years ago we took Dave Ramsey’s 13 week course through our church...he gives a lot of good financial information. We loved it.
Lori John thank you so much beautiful 😘 and I've always wanted to do financial peace university but we never got around to it... but I follow him on yuibe and watch all his stuff. He's so great! 🤗🤗🤗
Unfortunately in the United States we walk a very thin line due to health care costs price of education etc.
I love your tip about leaving the food left from a meal. We do the same thing, if they don't finish breakfast then they eat that as a morning snack, or leftover lunch for afternoon snack. Leftover dinner is saved for the next days lunch (usually for my husband and I bc it's not enough for everyone)
Yes 100%! Best money saver!
You could also take those veggies and just turn them into soup from the beginning and then freeze the soup for when you want it.
I was married before and managed the household, kids and finances and also had a PT job. Not to brag but I did awesome managing it all smoothly (minus the unhappy hubby).
My husband called it quits and so for the last few years I am working 2 jobs, with 3 kids fulltime and I am the only bread winner. This is next level but I just have to adjust to the added challenge and then I think I can do ok.
You're supermum! Youre doing amazing :) xx
God has an abundant life for us.
Another favorite You Tuber I like said. Live like no one else will today so you can live like no one else can tomorrow. Good luck.
Yes yes yes!!!
we are so similar! I am pregnant with my 3rd and will be transitioning to a stay at home mom and need to be smart with my income. We don’t have to much left on our house mortgage so i am pleased with that.
Aw thats amazing💛💛
Thanks for the video I'm also a stay at home mom with 2 toddlers. And only one income
I own 6 credit cards. I only owe $27 the I only have them to keep my credit score high. I will use a max of $30 on one pay it off right away. Then use the next one up to $30 pay it off. And I keep rotating just the $30 to keep them active and it gives you a perfect credit score. My highest credit line is $2500 I have never maxed them out. I also have a savings account and I stick to using my debit card. Now that being said my fiancé opposite but we are working on it.
We dont have a use for credit cards in europe but you do know you can use them to get more cash back right? Heard it from a Canadian friend so it could be a canadian thing.
Credit cards don't contribute to keeping your credit score high. Better to take out a small personal bank loan & pay it right back. Score will jump up!
Mom of 3 here. Hoping to be as good as you! ❤️ your video!
It would make more sense to pay off the debts with the highest interest rates first. If
Yes but paying up the smallest first creates more cash flow to start paying the bigger ones quicker :)
Yes but I think paying the smallest debt first is a mind trick to get you motivated to keep going.
@@janinedekoker9405 yes i like the idea of paying the smallest because then it free up funds once it is paid off that can be put down on the next one to pay that one off faster :) !
Marla Aycho Dave Ramsey all the way. 👍🏾👍🏾
To be honest, the wow-effect is lost when we have no numbers to gauge against. That one salary could be at least 100k....who knows! I personally reserve between $200 to $300 weekly. My annual reserve is at least $20,000.
I mentioned in the video that we are low income so 100K is definitely not what we earn
Marla Aycho :::: My point was that you didn’t mention numbers. Many times there is more of an impact when we have the numbers. If someone told me that they managed to save $15,000 a year on a $25,000 salary, it would be super intriguing to discover how. Hope this helps.
I agree, people want to find financial situations close to their own so it's best to be as transparent as possible when you put yourself out there.
Great tips im going to try we are also a family of 5. Im a stay at home mom.
Hope they work for you! Thanks for watching :) xx
We have a 3k credit limit so we can spend 1k without derogatory marks. We dont spend anywhere near that per month but now we dont get negative marks on our credit. It seems once you go past the 30% spot, the credit bureaus see it as you're living beyond your means even though you're not.
It makes a difference how much ur living expenses are and how much you bring in and ages of ur kids. We are a family of 7 living off of 60k a year with rent being 1525 a month. I’m constantly having to use a portion of our savings to buy diapers and wipes for 3 babies. (Can’t wait til they are all potty trained) so I can save money on that. But we usually save 700-800 a month but then baby essentials are needed and we have to take from it, so until they are 2 I don’t see where we will have much breathing room before that.
Oh and we keep our grocery bill very low 200-400 monthly not included in that amount we try to save
My garbage can is my husband, He eats leftovers. So that saves money. We cook also everyday. But my husband has a hold on work. He starts in march so we spend little on food. And now the Jumbo is 100 years now we get a lot of on sale
In my family,Im the garbage can 😁
this is so us, I'm now working but it's been very hard.
Is it possible to have a non minimalistic life in Ontario (not in Toronto or major cities) with single income of 3000CAD after tax per month. By non minimalistic I mean I need a basic car, 1 bedroom apartment (not a basement) and NO eating out or any expensive entertainments. We have 2 kids, one school going kid and one infant. Is it possible to save some money from this?
New subscriber here! Love your tips. I never thought about making vegetable stock with veggies before they spoil.
Aw welcome! Thank you❤️❤️ and yes it's so great!
How do you recommend using expired fruit? That’s the thing that we end up throwing out most of the time
Freeze before it rots :)
Marla Aycho thanks!!
Make jam
Cook it before it turns or make smoothies and freeze them.
I need a video like this
Doesn’t the state help you with 3 kids? If you in low income usually the state offers something
Thanks for these tips! Good luck 😊
Loving Our Lady of FAtima on your mantel. Keep making these great vlogs. You get a like and subscribe from me :)
Holistic nutritionist will be a good job! Wish you well!
Thanks for sharing this
Love your video Marla!!!
Thank you!!
Yes
damn this is brutal, i defintely need to take a page out of her book i eat like a pig
Love this video...motivational
As a very picky eater, glad I don't live at your house :)
Hey, could you elaborate on which type of savings you have that doesn’t allow you to remove too much money?
Talk to your bank! ours is just a regular savings account but you can have the bank put that in place :)
It’s possible because you don’t have to pay for healthcare.... 🙈😂
I don think that you can compare the two (USA? and Canada). Our Tax burden is gigantic, but it is how the health care system is paid for. Now with an aging population and bad times right now + ahead of us, things will get worse, especially for the middle class.
To be fair, the husband probably gets a good chunk of taxes taken out. That being said, they are still probably coming out ahead compared to if they were in the US.
@@fabiancanada8876 maybe but in America you literally have to pay for everything yourself anyway. I left the workforce this month to take care of our daughter. My husband is of course getting his normal taxes taken out, his retirement money, and now an additional 700 bucks a month to cover me and my daughter.
If I kept working but paid for day care it would easily be 1200 bucks a month for an infant. That wasn't really an option for us as anyway she was born very early and day cares are germ bombs. So I looked at nanny/sitter services and they were asking 20-25 bucks an hour.
No matter how you slice it, you're either paying for things directly or collectively through taxes.
What kind of account is that ? I want that
This was so helpful
How much can someone make on RUclips videos ??
Great video!
Thank you :)
I don't know how to do stocks. How does your husband do it?
Haha no clue to be honest im clueless about that stuff!!
@@MarlaAycho Could you please make a video with him about this? I am in practically the EXACT situation as you income wise and we both know zilch about that stuff. It would be fantastic to get y'all's input. Thank you for this video!!
@@estherbednar3260 not sure if he would be open to it as we like to keep what we invest in/our finances as private as we can, for the most part! :)
How much is housing
Rental or own?
PAY DOWN HIGHEST INTEREST DEBT FIRST, FOR THE LOVE OF GOD. IT'S CALLED MATH.
By paying the smallest sized debt first, it frees up more money monthly to put towards the higher interest debts.
Marla Aycho I really don’t think you understand how interest is calculated.
Great tips tfs
~~~ I am so glad to have your channel as a new friend. ...Thank you for making this video .
Child tax benefits
What school do you attend?
I went to university then CSNN :)
I can't understand madam
Awesome advice. New subbie here. Christina
Thank you :)
If you don't give numbers then this isn't important.
You can google 'ontario canada low income baseline' to see what is considered low income. And then keep in mind we are a fmaily of 5
Its about the general idea.
New to ur Channel, thank you great tips
You had student loans and went to college but you say your job will only make you 3 kids worth of day care so say $750 month. Wtf did you go to college for that will only pay you $750.00 month???
Daycare for 3 kids under school age is way more than $750 per month. If the child is under 2 years of age, daycare can cost $1000-1500 per child depending on where you live (unless you qualify for subsidy).
She can use the degree in a few years when the kids get older. She does not sound like a freeloader to me.
Daycare here would have been 1480/month and it is only from 9:30 to 2
Ice distroyer that is EXTREMELY rude. Daycare here (a good and safe one) is almost $1500/month for 3 kids only 3 days a week! THAT IS INSANE! By the time I work and pay into CPP, EI and taxes i would come home with $100 if that? Not worth the stress to me. Also, my degree cannot get me a job in area. i'd need to travel to the city (over an hour away) for any work in sciences. SO I would have to get a minimum wage paying job with shitty and unflexible hours to make pennies.
I started my own business as a holistic nutritionist and work from home, have 2 youtube channels, an online store and taking care of 3 kids.... so am deifnitley not a freeloader.
www.holisticspring.com
Some people go to college to beef up their resume, and better help them get a job. There's nothing wrong with making minimum wage.