Re: Building an emergency fund with little income
I think the only answer is more income, even if it puts a strain on the family time for now. You're total income right now is only $14,400/year. There just isn't much left to cut when that's all that's coming in.
Being a SAHM isn't realistic under those circumstances. I agree with others about either looking for something you can do from home, finding a job where you can bring your child, or finding fellow students/wives who might be able to watch your child while you work.
When I was in med school, I typed for the class note service. Back then (1986-1988), I earned $2/page and typed a few thousand pages over the 2 year period. If you have a computer and a printer, you can do that (assuming you can type). And I had plenty of med student and other grad student friends who worked while in school. It was the only way they could afford to live. It wasn't fun, but it needed to be done.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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