How to Afford to Be a Stay at Home Mom
If I had a nickel for every time a mom has told me that she needs to work for her family to “get-by”, I would have – well, enough money for that mom to be able to stay home with her kids. The truth is that for many families a second income is necessary only in order to maintain a certain lifestyle and not to simply “get-by.” If a working woman genuinely wishes to stay home to raise her children – either now or sometime in the future – there are often ways to make that happen. But let me make something clear right now – in no way am I implying that staying home is for everybody, nor should it be. This is a personal choice between a woman and her spouse, and it is a choice that requires sacrifices, both financially and personally. You still in? Great – grab a pencil and paper and let’s get started…
Plan Ahead – Way Ahead
1. Marry the Right Man – Now, ladies, before you all text Gloria Steinem and alert her to the fact that someone calling herself “Resourceful” is encouraging women all over the world to marry for money, let’s get something straight. That’s not what I’m doing. What you do need to do is have a serious conversation prior to getting married regarding your feelings on child care as well as your partner’s feelings. At some point during my engagement I announced to my fiancé that I wanted to stay home with our children and that this point was non-negotiable. The need to stay home with my children reverberated through every inch of my being in such a specific way –years before I had them – that it was imperative my future husband be in agreement. While you may be on board with financial frugality, your partner may not be so willing to forgo the better things in life. And let’s be clear about this – living on one income takes a team effort.
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