What should a woman take into account financially when wanting to become a stay at home mother?

What should a woman take into account financially when wanting to become a stay at home mother?

the Family Lighthouse asked:


If a woman wants to leave work and stay home there are a lot of financial things to take into account. The woman may make a salary, but pay for eating out more, professional clothing, child care…..what else financially would a woman have to take into account when deciding on whether or not to stay home. Have you transitioned to staying home? Where do you find you actually save money because you are home? What were some of the hidden financial costs of working?

AUGUST

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This entry was posted on Sunday, January 11th, 2009 at 4:14 am and is filed under Work From Home. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “What should a woman take into account financially when wanting to become a stay at home mother?”

1. Terri J Says:
   January 14th, 2009 at 2:05 am

   The best thing to do is to start putting 80% of your take-home pay in a savings account. If you can do that for six months and still keep the household going, then go for it. Not only will you have figured out how to make it work, you’ll have a nice little nest egg.

2. Betsy Says:
   January 16th, 2009 at 1:12 pm

   Also consider car maintenance, gasoline. I am a stay at hoem mother, luckily I don;t have a choice as I am disabled. I dont think I could handle havign to leave the care of my children to someone else.
   Also consider if you DO stay home, higher utility bills because youi will be there all of the time. Not much difference for us, but there is a difference.