I'm a SAHM while we're working on a Dave Ramsey get out of debt plan. It's HARD! Especially since my husband's income alone puts our family under the federal poverty levels for a family our size. I have a little bit of child support that brings us just above the poverty level. But we don't really FEEL like we're that bad off, because we've made it such a habit to avoid spending as much as we can. We have lots of hand me downs and shop second hand a lot. I cook at home most of the time. We rarely buy brand name anything. And we homeschool to avoid private school costs.
We put any extra money toward debt, including Christmas money and tax refunds and birthday money. We do "group" Christmas gifts all the kids can enjoy, like a telescope or a basketball hoop, and we do lots of simple or homemade gifts for others.
Anyway, if I had realized when I was going to college the burden those freakin' student loans would become, I would have gone slower, paid my way through, and possibly still be in school. I'd much rather be debt free than have the degree, now that I see the impact each has had on my life. Not that I don't value education, or that I don't want the degree, but I would have rearranged the way I did it, KWIM?
Wife of one and mom of five, including my HBAC twins!