Five years ago, Jamie Johnson – a stay-at-home mum for seven years – decided it was time for a change. Her options were limited since she never graduated from college and had little work experience, but she was determined to re-enter the workforce. Johnson took on a job at Starbucks […]
I thought I would be a stay-at-home mum while writing for a bit of extra money, but my freelance career took off faster than anticipated. With my husband also working full-time, our family was stressed and spending big on outsourcing childcare and household duties. When he unexpectedly lost his job, […]
It takes a lot of planning to switch from a two-income household to a one-income household, but there are several steps you can take today to get financially prepared. In addition to talking to your partner about money, paying down debts, tracking expenses, and getting quotes for what childcare could […]
Having one parent stay home with children means losing one salary, and it’s not right for every family. Several signs that stay-at-home parenthood isn’t right for your family include a high debt-to-income ratio, a negative cash flow, and a lack of an emergency fund. If you will face any of […]
There’s a lot to consider before deciding to pursue stay-at-home parenthood, including things like how you’ll keep saving for your financial goals, afford healthcare, and keep saving for retirement. A family that can afford it will have an emergency fund, income left over each month after paying the bills, a […]
