Reply to Two-career couples: how much do you spend outsourcing household chores and child care?

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[quote=Anonymous][quote=Anonymous]Please direct me if there is already a thread on this subject;

I am trying to compare budgets to decide whether its worthwhile to work full time or more feasible to stay home.

I am wondering about total costs of all services incurred from working full time, such as
Dry cleaning and even spendi[/quote]

People have varying spending habits.

I suggest keeping track of all your expenses on Quicken or other similar software for six months.  Except for daycare expenses, save ALL of your post tax income during that time.  This way you will see if SAH is feasible for [i]your[/i] family.

Other things to consider:
1) How easy is it to return to your line of work?  Will you need to keep up with any certification?
2) How much have you saved for retirement and how much will you be able to save on one salary?  How much do you think you will need?
3) Are you intending to pay for all or part of your children's college?  Can you save for that on one salary?
4) What is it like in your immediate neighborhood?  Are there other sahps with similarly aged children?
5) Are you intending to stay in your current abode?  What big tickets items are in the near future?
6) Is part time or reduced hours available to you or your spouse?
7) How strong is your marriage?  Can't predict everything, but are there any cracks?

This is what my family did and addressed before we changed from dual income to woh/sah.  There are advantages to both and there are disadvantages to both.  Different things work for different families.[/quote]

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