Considering staying home with your new (or even older) bundle of joy? My latest post on Dimespring will help you think it through.
The key decision point:
You’ll need to weigh your newly revised living expenses against two numbers:
- Your combined net take home pay, minus the cost of child care, and
- Your spouse’s take-home pay (after adjusting for any health or other benefits you might have carried that now will be funded by your spouse). If you’ve been “practicing” all along and living on just one income, you should be good to go. But, if like most couples you’ve been living on both incomes, you’ll need to make changes.
Read the rest here: