WWYD?

iVillage Member
Registered: 01-16-2009
WWYD?
18
Thu, 03-26-2009 - 5:52pm

For SAHM, does your family have enough in savings to survive a year or so if the WOHP lost a job, was injured etc.?

Pages

iVillage Member
Registered: 11-04-2008
In reply to: goddess_momma2009
Thu, 03-26-2009 - 5:59pm

Is this abstract debate or are you asking because this effects you personally? I'm just wondering, but I'll answer anyway.

I've been a sahm and we definitely have a large savings cushion in case my dh couldn't work. But if he lost his job, I think all bets would be off as to who provided income. Meaning whichever of us could get a job in a bad economy & support the family (or both of us), would decide who would be returning to work.

"YOU CAN'T HANDLE THE TRUTH!"--Jack Nicholsen, as Colonol Nathan Jessup in "A Few Good Men"
"YOU CAN'T HANDLE THE TRUTH!"--Jack Nicholsen, as Colonol Nathan Jessup in "A Few Good Men"
iVillage Member
Registered: 07-17-2007
In reply to: goddess_momma2009
Thu, 03-26-2009 - 5:59pm

For SAHM, does your family have enough in savings to survive a year or so if the WOHP lost a job, was injured etc.? Yes.

What would you do if the working parent was no longer working? I would find a job.

Do you have the experience or education to get a job that would support your family? I have both. I worked in a professional career before "retiring" to a sahp. I have maintained professional relationships.

Would you have to receive assistance? Depends on how long it took me to find a job.

What about health insurance? Well we would have COBRA from DH's job for at least 18 months.

What would happen if you divorced? Quite a bit would happen - me going back to work would just be tip of the iceberg.

iVillage Member
Registered: 08-31-2008
In reply to: goddess_momma2009
Thu, 03-26-2009 - 6:16pm

I did consider staying home when my children were younger, but I was able to get my employer to agree to ptwah so I could keep my hand in at work and have plenty of at home time with the kids. As a ftwah with a pretty good and challenging job, I don't think there is any reason I would need to consider sah at this time. I suppose if my job went away (always possible in this economy), I doubt I would take an inflexible woh position. I'd probably be a sah, but also look for contract consulting work.

iVillage Member
Registered: 02-07-2009
In reply to: goddess_momma2009
Thu, 03-26-2009 - 6:17pm

The problem I have with these type of questions it is assuming that WOHMs are in better shape financially than SAHM's just because they work and that is not always the case.

I am a WOHM.

"does your family have enough in savings to survive a year or so if the WOHP lost a job, was injured etc.? "

We have enough in savings to cover my income for well over a year but only about 6 months worth of DH's. If he were injured than disabilty pay would stretch it out further.

"Do you have the experience or education to get a job that would support your family? "

I have never been able to fully support my family.

Another thing that I find funny about limiting that question to SAHM's is in many dual WOHF neither one of the parents would be able to fully support the family on their own. If each partner is bringing in roughly 50% of the income and that entire income is needed then neither one could completely support the family on their own.

"For WOHM, would you consider staying at home? What would it take before you felt comfortable doing so?"

At this point only winning "the big one".



iVillage Member
Registered: 01-16-2009
In reply to: goddess_momma2009
Thu, 03-26-2009 - 7:08pm

The reason I directed it to SAHM's is because the comments I have heard that I was wondering about, I have really only heard from them.

"I am a SAHM, and Dh was laid off, so we have no income and need assistance"

"I was a SAHM when we were married, and now we are divorced and I have to have assistance"

and all the related comments I have heard recently. I know that SAHM's are not the only ones that do not have savings, etc. (I would assume most of them do). I was curious to see how many SAHM had this attitude in regards to finances.

iVillage Member
Registered: 01-15-2006
In reply to: goddess_momma2009
Thu, 03-26-2009 - 8:01pm

i don't know what you mean by,what would you do if working parent no longer worked.

 

iVillage Member
Registered: 04-22-2005
In reply to: goddess_momma2009
Thu, 03-26-2009 - 8:37pm

<>

If it cost the family more money for me to work than to SAH, then I would SAH. I would have to sell the car and figure out what to do about student loan payments, though. Without those two things, then as a SAHM we'd be pretty much in the exact same financial situation as we are now (either way, screwed if DH loses his job).

Photobucket

pregnancy calendar








Photobucket

Photobucket





Edited 3/26/2009 9:36 pm ET by finally.me




iVillage Member
Registered: 01-16-2009
In reply to: goddess_momma2009
Thu, 03-26-2009 - 8:45pm

<< don't know what you mean by,what would you do if working parent no longer worked.

iVillage Member
Registered: 02-04-2009
In reply to: goddess_momma2009
Fri, 03-27-2009 - 3:28am
I guess someone else in the household would have to bring in sufficient income to pay the bills and provide for savings. Given I'm the only human in here, that narrows down the options pretty decisively.

************

Kitty

Photobucket

************

Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

iVillage Member
Registered: 06-17-2004
In reply to: goddess_momma2009
Fri, 03-27-2009 - 4:55am

For SAHM, does your family have enough in savings to survive a year or so if the WOHP lost a job, was injured etc.? Yes, but first he would get a year of Unemployment then we have to go to savings, then after savings are gone then back to gov't support if he didn't have a job by then. Which I doubt...Oh as for injury, my DH has insurance for that and I think he would receive something from the gov't too.

What would you do if the working parent was no longer working? I don't know...in the area I am in getting a job is unlikely, since there is over 20% unemployment as is. I would have to go to the Western half of Germany and to bigger cities and try.

Do you have the experience or education to get a job that would support your family? Maybe...hard to say. I am in a country where my mothertongue is not the spoken language, so it makes things a little more difficult. Plus the way to get a job is also difficult, you wouldn't believe the amount of paperwork that a potential employer wants from a person, and this is only for a supermarket job!

Would you have to recieve assistance? Welfare country...we get it just like everyone else. Actually right now I am getting money just to stay at home.
What about health insurance? I am on my DHs...though if he lost his job and recieved unemployment they would cover that too.

What would happen if you divorced? Now this is a tricky questions. I am a legal resident in another country. My DD is a citizen of Germany, not yet American. (Must go over 2 hours away to get that done...both my DH and I). Well I couldn't leave the country because my DH has a right to see his DD, and well...I would probably lose my resident permit without a job since we would divorce. Through marriage I have a resident permit and a full work permit. So this is a difficult situation...probably can't leave and might not be able to find a job. If I could go back to the US, it would be hard with the job market being so competetive. There are too many if's in this question.




Edited 3/27/2009 5:00 am ET by amberlee127


Lilypie Zweiter Ticker

Pages