“Advice for living on one income”

Advice for living on one income

Jasmine runs the Tiktok account “Real housewife of Stockholm”, where she shares her life as a housewife in Lisbon, Portugal. There, followers can see what she does during the day and Jasmin often answers questions and myths about being a housewife.

That’s why Jasmin chose to become a housewife

Jasmin tells us that she often gets hate because she has chosen to live outside the norm. One thing she is often told is that it is a shame for her to choose not to work. But she believes that is an unfounded claim.

She says that her choice to become a housewife was based on a stress of having to prioritize things that actually made her happy, in order to be able to work. This led to her having major mental and physical problems.

When the couple decided to move abroad, Jasmin cut the ribbon for her job. Her primary goal was to get back on her feet and then the future would tell if and what she would work on.

– But when we noticed after a while how much better I felt, our relationship felt and my husband felt like this, we didn’t see any real reason why I should return to work. It’s not exactly the case that my salary would have made any difference in our finances, says Jasmin.

Jasmine on the economy: “Never had done it”

All couples have different conditions, income and expenses to be able to live on one income instead of two.

– I think many people look at their own lives and at people they know and ask themselves if any of them could have afforded to live on one income. And then you draw your conclusions based on that, but everyone’s reality is not the same. I don’t get into whether there are couples out there who want to live on a limited budget to have the ability to live on one income, that’s up to them. I myself would never have done it, at least not for a longer period, if my conditions were like that, she tells Nyheter24.

Partner? This is how you divide the finances with your partner

Jasim lives as a housewife in Lisbon. Photo: Private

Even though Jasmine and her husband only have one income, she emphasizes the importance of own savings.

– Personally, I think that the person who has an income should transfer the money to the other person, and then that person can save this himself and invest it. This means that, firstly, you are more involved, but also get into the habit of managing and investing money. So that if you were to separate in the future, the gap to manage these parts of your life is not completely foreign.

Partner? This is how you are affected if your partner has debts with the Kronofogden

The economist’s advice on living on your partner’s income

Nyheter24 has also spoken to Madelén Falkenhällsustainability economist at Swedbank, who gives some advice to couples who are considering living on one income.

– It is difficult to get your own financial security if you are dependent on someone else. In order to be able to make the decisions and make the choices you want and may need to make throughout life, it is important to have your own finances, to be in the driver’s seat of your own personal finances. And it’s difficult without your own income, says Falkenhäll to Nyheter24.

But it is not impossible.

– If you have arranged for the partner who has an income to save for the one who does not, it is important to have an eye on what applies legally if you were to separate or divorce. A savings should be in the name of the person you want the money to go to, she continues.

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