WWYD for WOHP's

iVillage Member
Registered: 03-26-2009
WWYD for WOHP's
20
Mon, 03-30-2009 - 11:45am

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.?

Does both parents have the experience or education to get a job that would support your family?

Would you have to receive assistance?

What about health insurance?

What would happen if you divorced?

Would one of you consider staying at home?

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iVillage Member
Registered: 03-06-2009
Mon, 03-30-2009 - 12:06pm

this is for WOHPS?

iVillage Member
Registered: 03-31-2003
Mon, 03-30-2009 - 12:06pm

Not sure why these are directed only at WOHP's, but I'll play anyway...



Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.?

suzjuly6.jpg picture by LadyCaribou

iVillage Member
Registered: 02-07-2009
Mon, 03-30-2009 - 1:34pm

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc?

We have way over a years worth of my income. About 8 months of DH's. For injury DH has both short term and long term disability insurance. We could survive without my income.

Does both parents have the experience or education to get a job that would support your family?

Since our children are all adults the only family we have to support is ourselves (although we still do help DD3 financially). DH could support the family on his own. I could not.

Would you have to receive assistance?

I guess it depends on what you mean by assistance. I think the only thing we would probably qualify for is unemployment insurance.

What about health insurance?

We are covered under DH's. I could get it under my employer. As a fall back since DH is retired military we also have the option to use military health insurance.

What would happen if you divorced?

My pay checks would get bigger. The way we have it I am paying a much higher % if our income taxes out of my paychek than DH's. I woud correct that. I would also receive 1/2 of his military retirement check.

Would one of you consider staying at home?

He would in a heart beat if it were financially feasible but that will most likely not happen until he retires. I spent 12.5 years and like working better.

iVillage Member
Registered: 02-22-2007
Mon, 03-30-2009 - 1:34pm

I too am wondering why these questions are directed only at WOHP, but whatever.

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.? A year? No.

Does both parents have the experience or education to get a job that would support your family? Support the family solely? No. I could do that (very very modestly), but DH does not.

Would you have to receive assistance? No, see above.

What about health insurance? Since it makes sense that I would be the one working, I would look for a job that provided us with health insurance.

What would happen if you divorced? I'd do OK. DH would have to make some big changes, but he'd be OK in the end too.

Would one of you consider staying at home? Actually both of us would love to WAH, but we need the health insurance that comes with our jobs, so right now, no.

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Why hide your light under a bushel of bears, I ask you?

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Why hide your light under a bushel of bears, I ask you?
iVillage Member
Registered: 04-22-2005
Mon, 03-30-2009 - 2:04pm

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.?
No.

Do both parents have the experience or education to get a job that would support your family?
Yes. Whether those jobs are available in this economy is another matter, though.

Would you have to receive assistance?
If DH lost his job, yes, absolutely.
If I lost my job, maybe not because I could defer my loans and stop contributing to my IRA. I could earn enough through substitute teaching to keep the car.

What about health insurance?
We would not have health insurance if DH lost his job. Since I'm adjunct, my job does not offer benefits. We would not have the money to pay for our own health insurance.

What would happen if you divorced?
I would need to find a full time job that would support me and two kids, including daycare costs. I would have to live at my parents' home while job hunting and finding a new place to live. I might donate my eggs in order to continue to pay off my loans rather than let the interest build.

Would one of you consider staying at home?
If it were financially possible, yes, but it's not possible for us.

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iVillage Member
Registered: 05-02-2006
Mon, 03-30-2009 - 2:24pm

A lot of my answers will be the same as in the "WWYD?" thread but here goes.

2010 Siggy
iVillage Member
Registered: 08-31-2008
Mon, 03-30-2009 - 2:45pm

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.?


We could live indefinitely on one salary if one of us lost our job. If both of us lost our jobs, not inconceivable in this economy, we could live for about 5 years on non-retirement savings. We're frugal, though the college funds would be reallocated. If we sold our home and found a rental comparable to our mortgage payment, we could all live unemployed for a very long time, but I can't imagine either dh or myself would be happy about it.


Does both parents have the experience or education to get a job that would support your family?


We're both have degrees and a long work history in the technology field.


Would you have to receive assistance?


I suppose we would collect unemployment benefits as long as eligible.


What about health insurance?


We both have access to the same insurance, though dh covers us all now. If he lost his job, I could pick up the same coverage.


What would happen if you divorced?


We would split assets, and we would both continue to work. A portion targeted for college funds would probably be eaten up by buying out other spouses equity

iVillage Member
Registered: 12-07-2003
Mon, 03-30-2009 - 2:53pm

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.? No.

Does both parents have the experience or education to get a job that would support your family? Yes. We both have about the same potential earning power.

Would you have to receive assistance? Maybe-- it would depend on which of us was unemployed. We could live without DH's income if we scaled way back. Not so much without mine. If I got unemployment and we still had DH's income, we could probably scale back and afford all of the necessities.

What about health insurance? I currently carry the health insurance for me and the kids. DH has his own, but I'm going to add him to my policy next month. I don't think he can insure us with his policy, so I'd probably have to do without insurance. Samantha and William would probably qualify for state insurance.

What would happen if you divorced? I would be able to take care of the kids on my own. I might have to take Samantha out of daycare and have my mom watch her too.

Would one of you consider staying at home? Yes. Both of us would.

baby in clothes basket
iVillage Member
Registered: 08-25-2008
Mon, 03-30-2009 - 5:24pm

Does your family have enough in savings to survive a year or so if a parent lost a job, was injured etc.?

iVillage Member
Registered: 03-17-2009
Mon, 03-30-2009 - 5:27pm
hazel, i mean coco, are you going to answer your own questions?

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