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Reply to "HHI for single income families?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you have one stay at home parent - what is your HHI? was your HHI before when you had two earners? any material differences in lifestyle before / after?[/quote] It is currently around $200k, but it was close to $100k when I started being a sahp. DH earned about 50% more than me per hour. I was part time for two years before I became a full time sahp. We moved in together when we were engaged and married 6 months later. From the start, we saved my entire take home salary and 15% of DH’s. We never intended to have me sah but circumstances intervened and it became the best choice of our available options. Our children were 2 and 4 at the time. As a result, when I started being a sahp, we did not have as much of a financial adjustment. We had a nice savings account and we had kept our budget in check. The biggest adjustment for me was in the staying at home full time. It took me years to figure out the cadence. I was a much more natural wohp. [/quote]. I will add that we have been able to save more than enough for retirement and fully fund our children’s college. [/quote]
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