Glad I found the new group.
I am not going to give you numbers to brag, just to give you an idea of what it was like for us to do this.
When I quit my job, I was making on average about $50-55K a year (depending on bonuses) and my husband varied but brought in about $50-75K (just the way their salaries went there, it was based on company profits). So compared to him I was making about half or so. But we did it.
I found that we spent SO much less on eating out when I stayed home. I made dinner nightly and I would make lunch for my husband to bring with him every day. I spent far less on clothing for me as well as just "therapy shopping" in general. You'd think losing that much a year would be hard to adjust to but in the end it wasn't.
thanks for the advice guys and seeing numbers like that helps too. I am so blessed and thankful that we both do well, have jobs and are healthy and happy overall, but I just really would love to stay home. to give you an idea- I make about $80k right now with my bonus. It's a big chunk of change and DH makes a little bit more than that, about $85k or so. Day care runs us about $12k per year, so even if I was paying all the day care out of just my check, i am still making nearly $70k after childcare, so still alot to just walk away from.
The good thing as you said, is I wouldn't eat out as much, although I do pretty good cooking already- we only typically eat out one night a week and then a weekend lunch. I could give up and cut back on things like hair (every 6 weeks), pedis (i go every 2 weeks) and shopping. I am a shopaholic! I don't buy a lot of clothes per say, but I do love shopping and tend to overdo it. The good thing is we would be bumped down to another tax bracket, taxes eat us alive. Even with claiming 0 and having the max taken out (we will probably ask to have more taken out this year), we still had to pay about $4k for taxes this year and last- that is with a child, owning our own home and student loan interest etc. to write off. So that would be one good thing i guess. We are already on DH's insurance too, so that wouldn't change.
I think I need to really buckle down and focus on saving up a lot and doing all the things I want to do and buy now (new fence, new cabinets, fix windows etc.), so that I can hit up DH for the 'discussion' in Dec. We've talked about it as a long term goal for us- but if we don't really consider it soon, Will is going to be in high school before we know it! lol
Plus it would be great staying at home if I do get preggo again- i have miserable pregnancies and had to take a month off work due to severe m/s. Any other tips on how you make it work and what you cut back on are so appreciated!!!! You ladies are awesome. I know SAHM work very hard. Heck, i get tired reading the same book over and over to Will at night, I can't imagine how annoying it might get if I am doing it all day too- but i know it would be worth it! I just really would love the freedom and time to take him places to explore etc. like museums and stuff.
speaking of- for those that are SAHM- how do you keep up the social interaction for your kid/s? Will ADORES and loves his day care. He really enjoys his time there and they do teach him a lot- it is montesorri. I worry I wouldn't be able to provide that same level of learning and interaction with other kids- how do you do that?
Meredith- ugh on poor Zoe- I remember her being a puker. Will is too- he has a bad gag reflex. Does she act fine after she does it? like whether it hurts her or not? I hate that you have to deal with that, hopefully they figure out something soon.
ShootingStar- Cam is so cute- what a handsome little guy!!! How are things going - are you home yet?
Erin- welcome!!!! we are thrilled to have you on board!!! any pics of your littel guy?
Nicole- HI!! how is little Izzy doing?
Denise- did you start the new job yet?
Bethany- lol at the trash trucks- that is just too funny.
Becky/Kelly- you guys back and rested yet? I saw your pics on facebook- and they are so great. Kelly- you were there for the whole 'monsoon' that Orlando got- how was it?
Oh and day care had a train yesterday- his teacher said he loved it. He's ridden one at the mall before. that will be good for when we go to WDW in 6 months! She said he laughed the entire time and had a ball. and that him and another little girl, Parker are always playing together- teasing each other and stuff. I think he already has his first little girlfriend and she is a real cutie!
I think Sara is gone this week on her trip! Hopefully she is having a great time!