A few ?s for those SAHM's

iVillage Member
Registered: 07-13-2006
A few ?s for those SAHM's
155
Thu, 06-25-2009 - 10:08am

I'm considering staying at home but have a few questions for those of you that do.


Approximately how much does your significant other make that enables you to stay home?

Can it be done with only


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     &nbs

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iVillage Member
Registered: 04-22-2009
Thu, 06-25-2009 - 10:17am

I'm no mathematician, but it seems that you have almost $15,000 floating out of the house in expenses....and that's before you touch student loans, car loans, utililties, food, etc.


Is the other $15,000 of the year going to cover all of that?

iVillage Member
Registered: 03-23-2009
Thu, 06-25-2009 - 10:55am

I've never been a SAHM, but a few questions:


Do you want to SAH short term or long term? How many months of expenses do you have saved? Do you have college funds for your children? How are you fixed for retirement?

iVillage Member
Registered: 02-07-2009
Thu, 06-25-2009 - 1:28pm
iVillage Member
Registered: 12-07-2003
Thu, 06-25-2009 - 2:06pm
It sounds like a pretty tight budget. Do you have a lot of savings already in case an emergency pops up? The best thing you can do, is to work for 6 months to a year and put all of your paychecks (minus childcare expenses) into savings. If you can live on your husband's income without dipping into your savings, you can probably afford to stay at home.
baby in clothes basket
iVillage Member
Registered: 02-04-2009
Fri, 06-26-2009 - 4:25am
One good way to dry run it is to start living off the one salary now. It gives you 12 months to see if you can survive on the one salary with a safety net.

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iVillage Member
Registered: 07-13-2006
Fri, 06-26-2009 - 8:57am
Thanks everyone for the suggestions/advice! :)


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iVillage Member
Registered: 08-25-2008
Fri, 06-26-2009 - 10:30pm

$30K isn't much.

iVillage Member
Registered: 03-26-2009
Sun, 06-28-2009 - 9:25pm
Kind of personal question, don't you think? :0
iVillage Member
Registered: 04-22-2009
Mon, 06-29-2009 - 9:08am
How is that personal? since the OP wanted to know how to be a sahm on $30K per year (with an over $800 per month mortgage), I think it's quite an appropriate question. I don't think that whoville was looking for the OP to actually respond with her total savings balance -- just that it was something that should be thought about.
iVillage Member
Registered: 11-22-2000
Mon, 06-29-2009 - 1:23pm

Right.


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