Reply to Can I be a SAHM on about 100k per year?

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[quote=Anonymous][quote=Anonymous]You have to do a budget analysis.  Assume that your income is just over $100K (we'll assume that for various reasons, that anything you get from bonuses, home business is extra for luxuries or debt reduction, not for standard COL).  With a tax bracket of roughly 21% federal, make it about 30% total including state, fica, etc.  That gives you an annual income of monthly income of about $6000.  If you take the expenses listed (rent $2300, car $300, student loan $200) [b]that's $2800 leaving $3200.  You have $3200 to pay utilities, food, gas, and all other expenses.[/b]  You'll have to decide whether that's doable, depending on your family needs.  Some of that also depends on where in the metro area you live.  COL varies quite a lot between areas.  I live in PG County and I find my expenses are at least 10% less than my friends in MoCo.  My guess is generally cheaper, the prices in my supermarket, etc.  So, that's also a factor.[/quote]

This calculation assumes that nothing is deducted before taxes for retirement savings/401k, health insurance, disability insurance, etc. from OP's DH's paycheck.  She will need to figure those in, in order to determine what take-home would be.

OP, I think you should consider working for a time, simply to know what you would be getting into vis-a-vis parenthood and working, prior to deciding whether to SAH or not.  It is hard to make the decision to SAH in the abstract, without having an actual child or children in the picture.[/quote]

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