How to Plan Finances When One Spouse Freelances – WSJ

While every couple is different, advisers say there are some basics to keep in mind. Ms. Schultz recommends that households with a freelance/full-time couple avoid the tendency to use the salaried person’s income as the sole basis for important expenses (housing, utilities) and the freelancer’s income for discretionary spending only (dining out, vacation). Over time, this trivializes the freelancer’s work, she says. And, if the freelancer has a windfall (a book deal, a big contract) it means the household might, out of habit, use the uptick for bigger toys, she adds.

via How to Plan Finances When One Spouse Freelances – WSJ.

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