Community› The Bump Message Boards› Stay at Home Moms
Stay at Home Moms
New Discussion

S/O how could you afford it..

rynaliciarynalicia member
in Stay at Home Moms

Would you still stay home if you were basically just lowering your debt verrrry slowly on one income, renting, and not building any savings?  Or would you wait until the kids are in school and then really focus on saving up for college/ mortgage etc. 

 

I know the answers will vary, just curious. 

Alicia
Mom to Three Sweet Things
Lifestyle Blog and Health and Wellness
Report Reply to Post

Re: S/O how could you afford it..

  • Stacyc625Stacyc625 member

    Me personally?- Not at all.

    I don't care what anyone else does though.

    Lilypie Fifth Birthday tickers Lilypie Third Birthday tickers
    Report Reply
  • Loading the player...
  • DevonPowDevonPow member
    No. Our personal choice is that we only have a stay at home parent if it doesn't change our standard of living. If we had to start cutting back, etc. I would go back to work.
    Warning No formatter is installed for the format bbhtml
    Report Reply
  • HarrietNJMommyHarrietNJMommy
    imageStacyc625:

    Me personally?- Not at all.

    I don't care what anyone else does though.

    Ditto.  

    image Mommy to Barbara 11/8/05, Elisabeth 5/13/07, Loukas 12/23/08 and Lazarus 09/25/12
    Report Reply
  • SoCaliAliSoCaliAli member

    imageDevonPow:
    No. Our personal choice is that we only have a stay at home parent if it doesn't change our standard of living. If we had to start cutting back, etc. I would go back to work.

    This is us too. 

    Warning No formatter is installed for the format bbhtml
    Report Reply
  • gatogrrlgatogrrl member

    Yes.  As long as we weren't going into debt, or drastically cutting into our savings, I would stay at home.  We're both comfortable with a much lower that "average" standard of living.


    Warning No formatter is installed for the format bbhtml
    Report Reply
  • Dr.LorettaDr.Loretta member

    It depends. How slowly would I be lowering debt? Paying only the minimum payment? How much debt?

    Renting wouldn't change my decision either way.

    It would also depend on how much savings we already had. If we had a healthy e-fund and a cushion, adding more very slowly may not be much of an issue.

    Report Reply
  • SweetPeanisSweetPeanis member

    If we were renting and had debt I would not be staying at home. 

    Report Reply
  • EveryNameIWantIsTakenEveryNameIWantIsTaken member

    For us those decisions weren't for the fact of staying home, but for the fact of having a child.  When I was working, I wasn't really bringing in enough to make a difference after paying daycare so I really wasn't changing much by staying home.

    We rent and also have 2 car payments.  To us, owning a home isn't a priority.  We have less than $1000 in debt that isn't a car, although I will now be getting some debt by way of student loans.

     

    Warning No formatter is installed for the format bbhtml
    Report Reply
  • AnonymiAnonymi member
    We are but it is because taking a child to daycare will cost more than I make plus I will be trying to finish college and so taking online course and spending the rest of my days home with our child works better for our budget that having me work.
    Baby Birthday Ticker Ticker
    Report Reply
  • JOEBunnyJOEBunny member
    I guess it depends on my age, at my age, I would not.  In my early 20's I would have, but I was one of the few people I knew who actually saved money in my 20's and bought a house, so it isn't like we would have been alone in not saving much.
    Report Reply
  • sparky88sparky88
    Yes, I would feel comfortable staying home in that situation. 
    Report Reply
  • Somethingclever25Somethingclever25 member

    oh now you are all making me feel gulity. i would stay home. in fact i am staying home.

    when i first had dd and stayed home we were making well beyond enough money. well beyond. then we had dd#2 and dh switched jobs. and for the last year we have been living off our savings. it is gone and now we are struggling. maybe i am an a$$ but putting the kids in daycare would be the entire cost of my paychecks so it just never made sence. now i feel guilty though like maybe i could have prevented the situation a little bit.

    Baby #3 on its way!BabyFruit Ticker
    Report Reply
  • MrsRebeccaMrsRebecca member

    No. If I stayed home with no financial security we would be screwed if DH lost his job, got injured, had to take a pay cut, etc. And that wouldn't be fair to DS.

    I am fine with renting, but can't sacrifice savings.

    Report Reply
  • JenJarJenJar
    Yep, we do it.  We know that I will go back to work someday.  I worked for LOs first year.  But, he wasn't thriving like he should have been (not eating/gaining weight), and is doing so much better since I started SAH.  .   
    Report Reply
  • baby_tar_heelbaby_tar_heel

    We didn't want a child until we could afford to live off of one income.

    Report Reply
  • KRISTA555KRISTA555 member

    yep. we rent but that's because we made the choice to live 100% debt free, so we are saving to pay cash for a fixer-upper house. also, dh is getting medically retired from the army, so the largest chunk of our income will be guaranteed for life.

    we will do whatever we can to have me remain at home with lo.

    sorry for no caps-1ht

    Image and video hosting by TinyPic BabyName Ticker Lilypie Second Birthday tickers Lilypie Pregnancy tickers
    Report Reply
This discussion has been closed.
Choose Another Board
Search Boards
"
"