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Is Being A Stay At Home Mom Affordable?
Is leaving your new bundle of joy behind as you return to work giving you the shivers? Choosing to be a stay at home parent is no walk in the park though some may think so and may even turn up their noses at you when you say you are a stay-at-home mom. To them it seems you have chosen to laze around and drain your husband's finances. But this decision is about you, not them. I don't think everyone is cut out to be a stay-at-home mom and that is okay. You just need to find what works for you and stick to it like I did. It is wisdom to weigh your actions carefully and honestly before you commit to it. If you walk this path before you are prepared, you will most likely end up with regrets. Finances is a huge part of our lives and holds the potential to mar relationships if not handled with care. This is why this decision must be in agreement between you and your partner. When I made the decision to stay at home it was before we got married so we had a lot of time to plan and put things in place before babies came.
Decide What Matters To You
Prepare Financially To Be A Stay At Home Mom
Plan Ahead
Ways To Afford Being A Stay At Home Mom
- Fit your expenses into your budget. Your family now has one source of income and when the money is gone, it is gone. Learn to say no to some things that may leave you stranded before the next pay check comes.
- Breastfeed your baby. It is not only nutritious but also cost saving. Calculate the cost of buying baby formula for a month and see how much you have saved.
- As a stay-at-home mom, you take care of your baby and home and it saves you the extra cost of paying for child care and housekeeping.
- Buy used clothing, shoes and other household items. Not every used item is shabby and you can get a good bargain for them too.
- Buy food stuff from village markets where they sell in wholesale prices to retailers. You can also pair with another person to buy in large quantities and then share. Buying in bulk saves a lot of money.
- Use your skills to supplement your husband's income. You can put that sewing machine to good use, work as a virtual assistant, write an ebook or be engaged in home-based business.
- Always keep your spouse in the loop, that way you can be certain of his support.
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