Can you afford to stay at home

BabyCenter.com has many wonderful articles to help you understand and deal with the changes that come with having a child. One such article that affects many of us is whether or not we can afford to be a one-income family.

Choosing whether to be your child’s full-time caregiver can be a complicated emotional and financial decision. But before you weigh the pros and cons of becoming a stay-at-home mom or dad, you need to answer a basic question: Can your family survive on one paycheck?

First, do the math ? all the math. If you just total your family’s expenses and subtract that sum from your partner’s salary, you’ll probably find that you can’t possibly afford to quit your job. But if you look more closely at your budget, you may find that there’s a way to make it work.

Read the Full article here

Many Web resources and books offer ideas for cutting costs and living on a slimmer budget. Here are some to try:

BabyCenter bulletin boards:
Bargain Hunters
Trading Post
Family Finances
Moms at Home
Web sites:
Miserly Moms< Work at Home Moms
The New Homemaker
Tightwad Central
Books:
Miserly Moms: Living on One Income in a Two-Income Economy, by Jonni McCoy
Miserly Meals: Healthy, Tasty Recipes Under 75 Cents Per Serving, by Jonni McCoy
The Complete Tightwad Gazette, by Amy Dacyczyn

1 thought on “Can you afford to stay at home

  1. Good for you ! keep encouraging those families that would choose for mom to stay at home. and dad to work from can see to can’t see. there is honor in a man who regulary brings home his pay and does it over and over again, as the years go by.

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