I have a question for the SAHM.
Amber- mommy to Hunter Scott, 6 years
I am not a SAHM now although I was one for 12.5 years.
I see having dealing with this economic crisis (or any job lose) having more to do with money in savings than who provided that money. I have always been by far the secondary wage earner (at the moment my income is about 1/5 of the total income). So the fact that I work would be not be a big help if DH were to loose his job. What would be a big help is the fact that we have a few months of expenses saved up
Unless both partners in a dual income family could pay all the living expenses on their income alone they would not necessarily any better off than a WOH/SAH family.
The families who have enough money in savings to hold them over during a job lose would be in the best shape to withstand a job lose.
Have any SAHM's husbands lost their jobs in this economic crisis?
I am guessing that many sahms have husbands that have lost their jobs. I am also guessing that many wohms and wohds and sahds have partners that have lost their jobs or have lost their own job.
If so, how did you deal?
The same as a dual income family deals. Cut back and look for a new job. It is rare to find a dual woh couple that can afford to have one parent lose his or her job either.
If not, are you afraid that it might happen to you?
Not too worried. DH's job is as secure as one can get in the private sector. If he did, we would have the bonus of both of uslooking for a job- so we could look in two different arenas.
Do you have a back-up plan? Yes, we have 6-12 months of cash saved. We have other assets to use if that is not enough. However, that has not changed because of my or DH's work status.
"It seems that the times do not allow women to be able to stay at home anymore. I only know one SAHM, and she babysits other children at her house to help pay the bills. It might just be where I am from."
It might be just where you are from, but we have quite a few sahm AND sahds around here. Men sah too, not just women. We also have wah parents like your friend who babysits children in her home. We also have dual ptwohps and ftwoh with ptwohs. We have quite a mix.
I didn't even think about the savings part.
Most of the SAHMs I know are very well off. I doubt this is true everywhere, but in a high COL area, you pretty much have to be upper middle class in order to have a parent SAH.
I think that SAHP come from 3 camps.
Those who would not be able to afford childcare. They are not well off at all but being in the work force would not help their situation. They learn to deal with income they do have.
Those that are in the situation of it being a choice with some adjustments. While additional income would help in some areas, they see SAH important enough to make the adjustments they need in order to make it possible.
Those that are well of and have absolutely no need of an additional income.
i agree with tryingtoquit in that SAH is no different than two WOHPs.
DH has been through enough jobs to know that we're certainly not alone.
a common bond with other SAHMS i have met over the years is,the number of places we have lievd because of jobs our husbands have taken,have chosen to take or have had to take.
We did not lose our income totally but we lost a big chunk of it and its hard. The town we live in is completely supported by the oilpatch. The patch is doing good, the town is doing good, the patch stops DRILLING (like they did last year), and our town suffers.
We rely on overtime during the winter to pay our bills and bring out savings back up from summer, but overtime was totally banned this year. Then they laid all but Dh and 2 others off and put them down to 32 hour work weeks. So we lost quite a bit right there. The saving we did have are gone because we still had the huge bills during winter (heating, gas, christmas)
We have a cushion of savings that should get us by if my husband lost his job.