Post # 1
I am not at a TTC point yet but am just curious for those of you who are stay-at-home mom’s, assuming no savings and after basic expenses (mortgage/rent (and all other expenses associated with owning/renting a home), utilities, car payments, gas, food, health insurance etc.) how much money is left each month from your SO’s pay check or any other earnings for other expenditures such as clothing, eating out, travel, etc.?
A breakdown of your monthly costs and what’s left over would be really helpful too!!
Post # 3
@serenitea: I think this is a really hard questions to answer- first of all, it depends greatly on people’s incomes and expenses- it also depends on personal choices. Do you cloth diaper? Do you use disposable? Do you prefer to buy baby clothes at Target or at an upscale store? Do you breastfeed or formula feed? Are you ok with hand me downs or does everything have to be new?
I can’t even begin to think of how to accurately answer this question lol.
What I can tell you- is that I have one son (he’s now five)- and while I don’t regret any purchasing decisions I made, I sort of know what I “need” now and what I can do without as a parents. I also know that instead of having a million cute outfits for my newborn, I’ll stick with onsies and PJs the first 8 months to a year because they are easier and babies like them!
I will also tell you that- now that my son stays in his clothes much longer, I don’t have to continuously be buying him new things- just something here and there, or when I find a great deal on something. For the first few years, almost all of my extra money went towards things for him- by my choice. I didn’t get many new clothes, or my beloved handbags. While I still spoil my little guy (don’t judge), I also make sure mom gets a little pampering, too.
Post # 4
The reason I phrased the question the way I did is because I am trying to get a general idea of how much money will be left over to cover universal (or like-minded costs), taking the geographic curve out of it. For example, the cost of owning a home will vary greatly from one state to the next but the cost of buying diapers online or booking travel online will be the same from one state to the next. That’s why I didn’t consider clothing in the initial “basic expense” category. I agree that one could be as frugal as they choose to be when purchasing clothing and for the most part the cost of pre-owned clothing will be the same from one state to the next (especially if buying used from ebay or buying new from an online retailer).
Costs/Necessities that will vary greatly IMO from one person to the next:
1. Health Insurance/Costs
3. Mortgage/Rent and/or utilities (depending upon the size of the home which will vary greatly)
4. Loan Payment/Debt Payment
Hope this clarifies things a bit…I really think this information would be beneficial to women considering being a SAHM and have yet to see another thread like it on the boards…also thanks for your input!
Post # 5
@serenitea: I think that the best way to get an educational answer might be to ask “what percentage of your income is left over after paying the living necessities that don’t include child expenses?”- if I am understanding correctly? Because you asked the question specifically to SAHMs- which would imply they have at least one kid. And if they DO, then clothing, diapers and formula/food ARE a necessity.
Sorry- I think the question is just a little confusing.
Am I understanding what you’re asking?