Post # 1
My husband and I are currently trying to conceive, and I would really like to stay home with our child whenever we have one.
Just curious, how much money does your husband make if you stay home? If this feels like too personal of a question, can you give me a ballpark number?
Just trying to figure out how realistic this really is.
Thanks, everyone. 🙂
Post # 3
It really depends where you live.
In NYC, he’d have to make a lot more than in say the south.
Post # 4
My sister lives in North Carolina and stays home; her husband makes like $40,000, I think.
Post # 5
I don’t stay home, but would consider it when our kids are small. My husband makes about $100,000 and I currently make an addition 60ish. I think how much additional second income you’re used to having is another big factor in deciding whether to stay home.
Post # 6
I live in Canada, and lets just say its well over 40,000, and its not enough. When little guy is in school, I”ll be working part time to contribute to bills, and retirement.
Post # 7
It depends on so many factors. It’s not easy if one person’s income can’t sustain and rack up savings.
Post # 8
@Cash000: Yeah, they are really, really frugal (like never eating out, making their own dish soap, etc.) and make it work, but if you aren’t used to living like that, then don’t do it. The cost of living down there is pretty low in comparison with the rest of the US, too.
Post # 9
before he got laid off her made enough to pay rent, gas and food since utilities were included in our apartment. now we are buying a house (both unemployed but using the money from my inheritance) and when we gets jobs we arent looking for something to live a crazy lavish life but comfortable with a cushion.
Post # 10
Well I guess it’s out for us right now then. He makes $35,000 per year. We live in the South. I just really want this to work for our family. This sucks. 🙁
Post # 11
I wouldnt be comfortable losing my income and being a Stay-At-Home Mom unless my husband could make minimum 150k. I live in MA.
Post # 12
@brokebridalguide: Well don’t just give up if it’s something you really want to make work. Sit down with your Darling Husband and come up with a budget and a way to make it work. We can’t tell you if you’re financially ready for this. Would you consider working even part-time? Even just twenty hours a week at a retail store can make a big difference.
Post # 13
I think most people can make it work! Its really about living frugally!
If you both work consider and have the child consider the costs of: two cars (gas + insurance+ maintenance), day care, working clothes, baby bills, etc into your already 2 person budget.
Get down to one car, hopefully you can breastfeed 24/7, cloth diapers. So one car to pay for, one insurance, one gas, one maintenance, Cooked meals at home.
Health insurance is big but hopefully your husband has it with a job or you can get an affordable plan for the family.
It doesn’t have to be forever! if you have more specifics about your situation, It could help with specific advice.
Post # 14
It really depends on the area you live and the debt you have. Darling Husband makes around 60k and I stay home. We don’t have car payments, credit card debt etc so it works out ok for us. We don’t live too frugally either, Darling Husband is a spender. We go out to eat often and were able to pay for our wedding/honeymoon on our own too.
Post # 15
@Eva Peron: I currently make $25,000 a year working retail. I do have to spend a lot of money just to work because my commute is about 45 minutes and I have to wear clothes from the store where I work, which are not cheap.
I do not have a car payment. Neither does he.
We eat very frugally and do not spend money on extravagancies we do not need.
My husband is the manager of a different retail store and makes about $35,000 and has good health insurance through his work.
I was raised with a stay at home mother and see the value in being one, so I would like to offer the same for my child.
Post # 16
He bought the house before we met and was able to make all the payments by himself. When I moved in, he continued putting the same amounts towards house and bills, and my income went straight to savings and paying up the house faster. When I become a Stay-At-Home Mom until our children are in school, the house will be paid, as well as the cars. Darling Husband will only have to pay for utilities and food.
I think that more than your actual salary, the way you spend the money that you do have is the most important. With both our salaries, we could have a bigger house and more expensive cars, etc. But instead, we chose to work at clearing all debts as fast as possible; so we continued to live as if there was only one income to sustain us and the rest was gravy. when I’m a Stay-At-Home Mom, there will be no second income, but there will also be no more debt, so we will still have gravy.