Loans and credit
If you can borrow money from family and friends, you’re lucky. But would you really want to? What if you had to rely on a financial institution? Many banks are reluctant to lend money to someone without an income and if they do, may impose harsh loan terms and conditions.
Could your family maintain its standard of living based on one income alone, in the face of potentially higher costs for things like child care, health care, and home renovations? Would that financial stress put unnecessary strain in your relationships at a time when you need those relationships the most?