Financially: How close is too close?
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Financially: How close is too close?
| Tue, 03-30-2004 - 3:43pm |
DH and I are coming close to TTC time and we are trying to work the budget so that I can be a SAHM. I have read many times where people have said that if you plan well, get rid of the luxuries, you can be a SAHM on little money. If we lived on just DH's salary, after all bills, gasoline and groceries, we will only have about $400 each month that is unaccounted for. We could probably squezze out a $100 bucks more by downsizing cable/internet, but that's about it. DH and I already live very simply. I don't spend money on new clothes/hair/nails hardly ever and we have just basic cable and we rent movies.
We will have a good sized savings once the time comes. We put a lot of my income into savings just incase something happens (like DH getting laid off, etc.) while I am at home. And I do plan to go back to work when my kids are school aged (I am a teacher).
That said, $400-500 is making me nervous. That doesn't seem like a lot of "extra." It seems like it's really cutting it close. What do you think?

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