Reply to Considering Transition to a Stay at Home Mom

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Think hard about whether you are willing to give up your career. Can you go part time?

The nanny isn’t that much on your husband’s salary. [/quote]

If you quit and don’t have to pay the nanny, I bet your household finances change by about $1500 a month. It’s immaterial. [/quote]

If nanny was "full-time" like OP stated, at $25/hr and 40 hour weeks that is $1K/week, so $4K/month.  Not "immaterial"
[/quote]

PP probably means net.  So OP's $150K income is going to be taxed heavily given the DH's $750K income.  Let's say 40% including all payroll taxes takes that $150K down to $90K.  Subtract out $48K per your calculated cost of the nanny leaves OP with $42K net or $3.5K total per month.  Maybe subtract out some costs that are outsourced now that she could do herself and bring that down to $2.5K per month loss of income.  In any event, still immaterial in light of her DH's income from a financial perspective making the big assumption that her DH's job is stable.[/quote]

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