Wednesday, October 17, 2007

Do You Want To Be A Stay At Home Parent?

Choosing to be a stay at home parent is a difficult choice. Can you handle being home with your kids all day? Will you go crazy from lack of adult interaction? And, most importantly, can you afford to stay home? It is something every family must think about, and no two families will come out the same way. For some it would be impossible to survive without two incomes, and for some staying home seems the less expensive choice.

There is a great calculator at Today's Parents that you can use to crunch the numbers and see what your family can afford. But what if you truly want to stay home and the numbers aren't in your favor? Where there is a will there is a way.

Where are your spending money each month that you can do without? Can you make it from scratch cheaper than you can buy it? Do you really need it? If the cheaper version just as good? Would buying it in bulk save money in the long run? These are just some the questions to go think about as you look at where your money is going each month. You might be surprised at how a few simple changes can change your entire budget and give you the financial freedom to be a stay at home parent.