For the record, I’ve been both a stay-at-home Mom and a working parent. Chances are, if you’re reading this post, you are considering becoming a stay at home mom, but aren’t sure if it is financially possible for your family. Hope you can help. Kirby x Sent from my SM-G925F using Netmums mobile app But I hope that after reading this article you’ll see that it’s attainable by discussing and planning it out with your partner and being careful of your household spending habits. How to afford being a stay-at-home mom? If you want to stay at home, you can do the same. HAVE A FAMILY MEETING You’ve decided you want to be a stay at home mom (or dad) and have probably mentioned it before but make sure that the family is on board. There is a lot of pressure to choose to stay home or go back to work. Seriously, being a stay at home mom is hard and it’s a ton of work, but being with my kids all day is totally worth it! Then my husband’s job slowed way down and he went from being 1099’d to landing a just above minimum wage position and my unemployment ran out. If you’re trying to figure out how to afford to be a stay at home mom. Balance tip: Me-time is important to any parent. If I can afford being a stay at home mom, then you can too. In this case, if you really want to stay home with your child, becoming a work-at-home mum might be the most viable compromise to consider. Any parent will tell you being a stay-at-home IS a job – it’s just not a paid job. See more ideas about Saving money, Money tips, Way to make money. Evaluate your cash flow position. The more detail the better. I figured I’d keep working my day job, dropping the kids off at daycare in the morning and picking them up at night. “How to afford to be a stay at home mom” is a question many moms ask themselves. Life as a stay at home mum can be a lot cheaper than life as a working mum. So today I want to talk about how I’ve been able to afford to be a stay at home mom for the last two and a half years. Be honest with yourself. It’s all about getting your finances in order and finding small ways to save money. Inside: Find out how becoming a stay at home mom can actually save you money. Easier said than done, right? The number of households with a stay-at-home parent has increased by 6% in the past few years, partially due to the influx of freelancing and work at home jobs, according to the Pew Research Center.. How do you afford to be a stay at home mum? The SAHM Budget Test: How to Afford to Be a Stay-at-Home Mom. Here’s how to afford being a stay at home mom, while living the lifestyle you want. 1. I planned to use those 9 weeks as a trial period to see if 1) we could afford for me to forego my salary and 2) if I truly wanted to be/could handle being a stay-at-home mom. No extreme couponing, money-making schemes, or time-consuming tasks required! ; Con: Always being there can sometimes feel like you're trapped. While there is certainly nothing wrong with working outside of the home, for many women, being able to afford to be a stay-at-home mom would be a dream come true. If you’re wondering if you can afford to stay home, this list might help you, but be prepared to leave behind the life you had pre-kids. Rather than recount the details of how my husband and spent three years working our financial plan that enabled me to stay home full-time, I’m going to ask you some of the most important questions we asked ourselves. Many Bravolebrities, such as The Real Housewives, glamorize the stay at home life. My little family of four brings home just $4,200/month, and we are able to live comfortably and even take vacations! For many moms becoming a stay at home mom might seem out of reach. The benefits of staying home with your baby are numerous so here are some tips to make it happen. It’s amazing what just living within your means and paying off debt can do for your budget. I wanted to make a video on how I personally, afford to be a stay at home wife/mom, while on maternity leave. Becoming a stay at home mom, or full-time mom is not easy. That’s when I started to wonder “can we afford my being a stay at home mom?” During the months that followed we paid the bills, cut all extras, and saved as much we possibly could. Short answer, Yep. Without financial stability, your time spent as a stay at home wife or mom could turn into a nightmare. Crunch some numbers to determine whether your family could meet all your monthly financial obligations on a single income. She doesn’t have a bright career but she is always busy being the teacher, nurse, driver, cook and babysitter for her children. Some parents can comfortably afford for one of the partners to stay home full-time, but we knew it would be a complete struggle. I … Staying home with your kids isn’t for everyone, but if being a stay at home mom is your dream then it can be your reality. After all, we will soon be living off of less than half of our annual income. We can't afford for me to be a stay at home mom, so I'm a work at home mom. Becoming a stay at home mother is a courageous decision. Now that we discussed a few perks of being a stay at home Mom, let’s cover some pretty important questions that’ll help decide if you’re financially ready . I have been both a stay at home mum and a working mum, and both are hard in their own ways. Tips to Maximize Living on One Income. Dream of quitting your job to stay home with the kids? Oct 11, 2020 - Everything you need to know for how to afford to be a stay at home mom! Great tips! What are your best tips for saving money as a stay-at-home mom? The first step is understanding your expenses. Related Articles: Stay at Home Mom’s Guide to Family Spending. Seeing if your family can cover them comfortably on … When I was pregnant with my daughter I thought I couldn’t afford to be a stay at home mom. We live below our means. I thought, as I dropped my daughter off at the babysitter’s and headed to work. 18 thoughts on “ How I Afford Being a Stay at Home Mom ” Mandi H February 5, 2016 at 5:05 pm. So to be sure you create your best life at home, follow the proven tips below. How can I possibly afford to be a Stay-at-Home Mom? Before you decide to leave the workforce and become a stay at home wife or mom, give your financial health a checkup. This provides an unrealistic expectation for how much money it takes to stay home, and for what a stay at home … While it might seem a bit like a pipe dream, I promise you it isn’t. I have a whole post on how I get stuff done with a baby, and I know as babies get older and drop naps, it will become harder. Can becoming a VA actually help you afford to be a stay at home mom? I had to come up with some money saving ideas. I never thought I’d be a stay-at-home mom. I was teaching Middle School English and, although I loved the job, I was longing to be home with my babies. We decided the best way to see if we could afford for me to be a stay-at-home mom was to act as though I already stopped receiving an income in that 9 week time frame. I’m sharing practical tips to save you thousands of dollars a year on everyday household items and bills. While many of these things will not save you thousands of dollars a year, they do make an impact over time. Today i'm answering the FAQ of how I afford to be a stay at home mom. Evaluate your lifestyle. Most VAs make at least $25 an hour, but many make much more than that! How to Afford Being a Stay-at-Home-Mom I’ve been asked a few times what changes we are making as a family to afford my taking a step away from the workforce to be home more. If you don’t really want to be a stay home mom, that’s ok. Work At Home Mom Jobs For The Stay At Home Mom If after cutting your costs down, starting a budget and crunching the numbers you see that you can’t no way afford to live on one income. The second? Often society compares the stay at home moms and working moms. #sahm #dreams” quote=”Hope for Moms who want to learn how to afford being a stay at home mom.” theme=”style4″] Some people don’t want to afford it. These simple saving money tips, ways to make money at home, and productivity and organization tips for moms will help you balance it all while loving life as a stay at home mom!. It’s ok to want to be with your children, and these budgeting tips will help you make it a reality! Feel free … A stay-at-home mom is a lady who stays at home to raise her kids. I hear from women all the time who desperately want to stay home with their babies while they are little, but they simply don’t think they can. I was in your shoes not long ago! My parents were recently very surprised to find out that our family of four only makes about $3.4k per month. How to Afford to be a Stay at Home Mom. While this was unfortunately true, it wasn’t because it wasn’t possible. Leaving my job to stay home with my kids was one of the best — but most challenging — decisions I’ve ever made, and I’m not alone. And that's a definite understatement. My oldest daughter is in high school and our twins are now at primary school. You need to make sure that you can afford to be a stay-at-home mom before walking away from your job. When I had my first child, I believed there was no way my husband and I could survive off of one income in order for me to be able to stay at home with her. You may love being a stay-at-home mom, but there will be times when you wish you could steal some moments for yourself. Do A Financial Checkup. So it was with my journey toward becoming a stay-at-home mom. Thanks for watching! We’ve never been ones to try … Like, it didn’t even seem possible or within the realm of reason. This may just be your answer. Can you really afford being a stay at home mom Being a stay-at-home mom means considering all of your budgeting concerns. I am in a catch 22 situation at the moment. I’ll be honest: this is something we are currently trying to get back in the habit of. Being a stay at home mom is not possible for every single family BUT it definitely can be done with some strategic planning ahead of time. I’m going to show you the exact steps that I took to afford to be a stay at home mom, so you can do it too!. I would love to be paid for being a stay at a home mom! Really, I had NO idea how to afford to be a stay-at-home mom. Pro: As a stay-at-home mom, the chances are good that you will always be there when your child needs you as opposed to being stuck in a cubicle at work. [clickToTweet tweet=”Hope for Moms who want to learn how to afford being a stay at home mom. Hi Friends, Danielle Here! You may want to start looking into ways to work from home that can earn some monetary value for your family. I would love to be a stay at home mum so that I know my child is being looked after by a parent, but also so that I have time to work on projects to make some pocket money etc (not enough to live on). According to mom.salary.com, a stay at a home mom juggles about 96.5 hours of work a week – that’s 50 hours of overtime and she should be paid close to $162,581 for all the different things she does in a week.. These little, simple steps can … 10 Tips for Affording to be a Stay at Home Mum Do the math. 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