For stay at home mommies- How much does your hubby make?
Nicole G asked:
I just wanted to know how much they make to afford for you to stay home. My hubby just got hired as a cop 1 month ago and want to see if I can stay home when we have our children. Thank you
I live in Miami Florida
AGUSTIN
I just wanted to know how much they make to afford for you to stay home. My hubby just got hired as a cop 1 month ago and want to see if I can stay home when we have our children. Thank you
I live in Miami Florida
AGUSTIN
January 14th, 2009 at 4:39 pm
i stay at home with my 5 month old daughter and my husband works
we live in Canada though and he makes over 60,000 a yr
January 17th, 2009 at 5:57 am
My hubby makes about $42,000 a year and we have 4 kids. I stay home with them. I don’t think the amount of money really matters. It is all about budgeting. If you can budget your money wisely you will be able to stay home (if you want to). I also think that whatever your priority is you will find a way. Good luck and best wishes on your hubby being a cop! What a selfless job!
February 3rd, 2009 at 2:37 am
Depending on where you live, I know cops don’t make much. My husband doesn’t make too much, we get by almost week to week but because of the outrageous cost of child care, we decided it would be better for me to be home with the kids then pay child care and for me to spend the gas to take them and go to work… so on and so on… Plus, I’ve found that we’ve actually been able to save money since I’ve been home because now I have the time to cook meals instead of coming home late from work with takeout. That’s saved a lot!
February 3rd, 2009 at 11:54 am
He is young and just starting so he makes 60k right now in gross income.. but we’re also in CA. It depends on where you live really. In CA, my husband’s income isn’t enough for me to stay home full time. It also depends on your savings and what you are planning for a college savings for your children. Our outgoing expenses are above the $4,000 range per month so I’ll need to go back at least part time. I’ll be going back 4 days a week in July.. I’m very thankful I’ll be getting Friday off to have time for errands and just spending the day alone bonding with my son. I think on a cop’s salary, you can do it but probably not here in CA unless your outgoing expenses are really low. Best Wishes.
February 6th, 2009 at 12:11 am
28,000 a year. I am able to stay home, because we live within our means. We don’t own brand new cars, we don’t go on fancy trips, and we don’t buy everything we see. It isn’t bad. We do fun stuff that is nearly free, like trips to the lake.
We actually still do fairly well even though I stay at home. My working friends are doing worse right now, because they minute they get extra money they go out, and buy new cars. They have to pay for daycare as well. We still have money lfe to afford private school for our son. They say they can’t afford groceries.
As long as you don’t accumulate a lot of debt you will be fine.
February 6th, 2009 at 1:59 pm
My husband makes $2500 monthly (before taxes, of course), so $30,000 a year. We are cutting it tight every month since we now have house payments and we share a car between us, but we are making it work for now. Our son is 11 months, and I am working on finishing up my degree. It isn’t an ideal situation, but it is nice for us. Since I don’t have a degree, if I were to work, I would only end up bringing home about $4/hour after paying a sitter. It just isn’t worth it in our situation.
February 7th, 2009 at 3:32 pm
I just read a great book called “1/2 Price Living”, by Ellie Kay. It goes into detail about how to plan to stay home and if it’s doable in the first place. The book has TONS of suggestions for cutting expenses and saving money. I wish I would have read it sooner!
One thing it mentions that works—while you are still working now, put half of your paycheck into savings. Practice the expense cutting now, that way you are used to that lifestyle once you have kids. By the time you are ready to stay home full time, you will have savings in the bank, and a lifestyle that is budgeted and still comfortable.
Like I said, I wish I would have read it sooner. It’s a short book and very easy to read. Wasn’t too expensive either….I highly recommend it!
February 11th, 2009 at 3:06 am
it isn’t how much your spouse makes it how you budget things; we sat down and wrote out everything we owed and how much and then estimated what it would be to have a child. sometimes you have to make sacrifices to get things for your children but it is worth it.
February 14th, 2009 at 6:44 am
He works at CACI and make 100k a year but we dont know how to budget,we just spend money not crazy but you know when you go like for ex. food shopping we make a list but we ended up buying stuff not on the list, or we just paln to buy formula and diapers we ended up with a full cart .So were trying to stop that now and budget properly by the help of our parents were not good in handling money..so hopefully we can do better when it comes to budgeting.So i can say its not about how you make in a year its about how you budget wisely..Some people are smart to handle their finances so even they dont make that much its still enough..
February 14th, 2009 at 2:03 pm
Well it depends on your lifestyle and which state you live so you really can’t compare and base if you can off of other people’s earnings. I would sit down and figure your bills and how much you are going to need for the baby each month and then see if you can afford to stay home. If you see where you can cut corners, I would do it so I could stay home.
February 15th, 2009 at 9:42 pm
Hubby makes about $45K per year. Our fixed bills (mortgage, health insurance, life insurance, utilities, preschool tuition, gym membership, college savings) is about $1450 per month. We have no credit card debt, no car payments, no debt other than our mortgage. That leaves us with about $1500 per month for food and discretionary spending, and everything left over gets invested.
It’s really not about concrete dollar amounts, but what you do with the dollars you have. There are people making four times as much as we make who are barely covering their bills and living paycheck to paycheck. Everyone sets their own priorities. If being a stay at home mom is yours, then you find a way to do it. I suggest practicing by trying to live off just what hubby makes. Then take what you make and put it all into savings, or pay off debt.