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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP valued SAHM services at about $100,000.  I agree with earlier posters that the actual value is much less.  [b]I'm a SAHM of 3 school-aged kids and I don't even carry life insurance because the financial cost of having the kids go to after-care is so low.[/b]

IMHO, the minimum HHI in which it makes sense for someone to stay at home is about $400k or more in the case where the partner staying home is highly educated.  At least, that was my threshold, along with 3 kids.

(It wasn't like my spouse started making that number and I just quit.  It was a much slower process where I slowly started cutting back my work hours and taking on more of the household work -- almost without noticing.  I had become the "default parent" and a very stressed out one at that.)

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You and your DH are making a big mistake in not having life insurance on you.  Imagine that you drop dead of a brain aneurysm tomorrow. Who would take your place and do everything you do and for how much?  How would your DH and children cope emotionally with your loss?  My SIL died suddenly last year leaving two young children. That has necessitated hiring a full-time live-in nanny plus evening, weekend and childcare to cover all the hours SIL used to be available. The children are in therapy and that is another extra cost they didn't have before.  How many years would DH be able to keep this up without additional financial help?[/quote]

Finally!  Someone mentions life insurance. I am a SAHM and DH and I purchased term life insurance for each of us based on our current roles. He has life insurance through work, but we don't feel it's enough to maintain our current modest lifestyle. If I died, DH would need a nanny, housekeeper, cook, etc. This is not to validate myself but to assess real dollars to services that might need to be replaced.  [b]I think we got insurance to sum about $80,000. I think.[/b] It was a few years ago. This is not a debate of SAHM va. WOHM vs. WAHM But to attribute real dollars to hiring situations. [/quote]

That's not enough, pp.  Unless you have family in the area to pick up the slack, you would go through $80,000 in a few years just in childcare costs.  We have $500,000 on me and double on DH.
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Then it's whatever the interest would be at $80,000/year. We did this with a financial planner and insurance agent, and it made sense at the time.  its not an amount we would run through in a year. Thank you for your concern.[/quote]

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