Families Are Expensive
One of the greatest strengths and difficulties of family life is cost. It simply costs more to have a family. But because of that cost, both parents strive to make more. Additionally, younger members usually want to earn their allowance. This has a lot of positive advantages.
A family of five adults living together and pulling in $15k a year per individual after taxes is, on average, nailing down $75k a year. That can buy a good-sized mortgage, and lead to property ownership that eventually develops into an estate over time. The nuclear family is one of the most secure, financially expansive social machines out there—if not the most financially expansive one.
The most powerful players in the world often come from families which managed to work their way to affluence and continue their expansion over time. The key here is: time. Starting out, you might not have a lot of money in the family. You may have debts to contend with—in fact, this is highly likely. What you need is income supplementation.
Until your children are old enough to financially care for themselves, parents often have to serve “double duty”. This can be difficult, but it’s usually only a period of time, and eventually leads to greater freedom for many. But that doesn’t make it any less difficult when you’re out there “pounding the pavement”, as the saying goes.
Supplementing Your Supplemental Income
Sometimes supplementation can help. If you’re working a regular job and a “side hustle” that pushes you into a 70+ hour week, you may need a little something to put a “pep” in your step, and help you think clearly. Just remember to take time off whenever you can—you can sustain such a though regimen for only so long before it starts affecting you emotionally and even physically. Luckily there are astonishing supplements available today that can help you.
If you’ve never heard of Adrafinil, it’s defined as: “Adrafinil and Modafinil are commonly called ‘Smart Drugs’ or nootropics, [and they are] used by individuals who want to improve their cognitive function, creativity, and productivity. Other ‘Smart Drugs’ belong to the racetam family—Piracetam, Aniracetam, Oxiracetam, Phenylpiracetam, and pramiracetam.”
Supplements like these can be your supplementary income solution—it’s a supplement on top of a supplement, what a pun!
Debt Relief Considerations
Something else you can do to help increase your family budget it is to seek debt relief (how to get out of debt – Debt Academy) provided course can help you find solutions and get you out of debt. Additionally, such organizations will help you find living and working strategies which reduce your regular expenses. There are often a lot of unnecessary purchases in a household which can be excised from the budget with minimal loss and a great deal of positive financial impact.
A good example of this would be fast food and expensive designer coffees, both of which are commonly purchased by everybody, and much cheaper to make at home. If you’re spending $10 a day on coffee and fast food, that’s $3,650 a year—you could buy your teenager their first car for that sum.
Design A Cost-Reduction Strategy
Sometimes there is no supplementary income solution right for your family responsibilities. Still, you might be able to make money online by writing articles about what you’re already knowledgeable.
Supplemental income solutions like this, debt consolidation, and certain supplemental nootropic strategies are recommendable strategies to achieve financial independence as a family.