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Reply to "Considering leaving a good job ($120K) in mid-thirties to be a SAHM"
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[quote=Anonymous]Where do you live OP? I think that going from 230k to 110k is going to be a big shock to the system. Not that it can't be done but that your spending is going to drastically change. I wouldn't quit until you have a house. There are a lot of extra costs to buying plus you will qualify for a better mortgage with both salaries. Just remember you will have taxes and insurance and lots of "other" costs as a homeowner. Do you have an emergency fund? Definitely get that beefed up before quitting also. I think the bigger thing is that you won't be maxing out your 401k any longer. It is doubtful your DH will be maxing out his also -- at least until you figure out your adjusted budget. Also what about college savings? It can be done of course but I think it is harder to do this when there is such a drastic drop in income. [/quote]
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