Finances, while staying at home

The money issue is often the deciding factor for most families when it comes to deciding if apparent should stay at home. Even if you desperately want to stay home, it may not be clear how your family can survive without your income. Do some investigating. There may be a workable solution hidden beneath your doubt.

Single Income

You may wonder if it’s possible for your family to make due on only one income. Though your family would lose your income if you stayed at home, the truth is that you would also be free of a few extra expenses. Sit down and think of all the things you’d no longer have to pay for if you didn’t work. Some of these might include:

  • Transportation: Whether your drive, carpool, or use public transportation, there are some fees involved. Gasoline, car maintenance, auto insurance, bus fares, or train tickets might be on your current list of expenses.
  • Wardrobe: There are very few jobs that allow you to wear your everyday clothes. You may need to wear a uniform or dress up, but either way, you spend money.
  • Day care: Babysitters, nannies, or day-care services might eat up a huge chunk of your paycheck. As a stay-at-home parent, you would eliminate these expenses.
  • Other hidden costs: Perhaps you eat out, get clothes dry cleaned, travel, or purchase supplies more frequently while working. While some of these expenses are tax deductible, you still spend a lot on random things.


Leave a Reply