Adjusting to the Role of Breadwinner

Keep your family on track during this time of change.

Over the past few years, more and more women have found themselves in the role of primary breadwinner of their household. One reason is the recession's effect on industries that disproportionately employed men. Now that the dust has settled, many American households must face and adjust to a world where Dad bakes the bread and Mom brings home the bacon. How spouses adapt to this new order can have a strong impact on their family's future.

If you have suddenly found yourself as the primary breadwinner of your family, these tips may help you and your family adapt to this major change.

• Establish expectations. Since your responsibilities have been altered, decide who will take control of such duties as child care and daily household maintenance.
• Explain the household changes to your children. Children have certain expectations from both parents. If you're no longer able to fulfill certain needs, let them know up front who will be taking over.
• Ask for help. To take some of the stress off both you and your spouse, get help around the house whenever possible. If you have older kids, ask them to help out with chores or to babysit your younger kids.
• Get insurance coverage for both the breadwinner and the stay-at-home spouse. If you weren't previously covered by a life insurance policy, purchase one now to protect the income you bring into the household.
• Get your finances in order. Take time to review your finances with your financial professional to ensure that your portfolio supports the changes within your family.
• Talk with a counselor. Many couples find it difficult adjusting to their new roles in the household and benefit from talking with a neutral party.