Reply to Can I afford to stay home with the kids for 1-2 years?

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[quote=Anonymous]You have six months to see if you can do this.  
1) tell your husband about all the debt now.  This is not a secret to a healthy marraige.
2) Start banking your paycheck now (minus nanny expense ONLY).
3) Use what you save from #2 to pay off your credit card debt.  Cut up all but one of your credit cards and give it to your husband.  Start using cash and checks only.  So you can only spend what you have.  If you have trouble with checks, go cash only.  
4) If after 6 months you haven't paid off all of your credit cards use your severance to pay them off.
5) Go in network now.

At the end of six months, when your job is gone, and you have lived within your DH's income you will be able to see if you can do it.   (BTW, isn't DH about to get a 20% cut if sequestration goes through?)

Is there anything you can do that is part time?  Does your current job lend itself to becoming a part time consultant or developing a few clients?

I would not sah unless you have paid off your credit cards AND have your spending under control.  You may need to also seek professional help temporarily to help you through this.[/quote]

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