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Money and Finances
Reply to "After working 20 years became SAHM - how to protect self financially"
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[quote=Anonymous]I became a SAHM a couple of years ago. Our salaries were/are a lot lower than yours and your husband's, but I think the basic approach is probably the same. I have my own retirement account (though admittedly we haven't been contributing to it recently and that's a big problem we're going to remedy). And while I have my own bank account from when I was earning, I only use that money when helping out my mom. All household and other personal expenses (like a friend trip to the beach) come out of the household bank account, which is where my husbands earnings go. My name is on our house and car title. I have my own credit card as well as one I hold jointly with DH. Make sure you don't tune out to the household finances just because you aren't earning. The biggest risk you are taking is stepping out of the workforce. [/quote]
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