Reply to Budget to Transition to SAHP

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[quote=Anonymous]The DW needs a weekend job of some sort.  Some sort of income to pay for extras.  She could avoid a 50 hour work week.

Another option is to spend 60k of your savings.  At the end of the day, thsys what savings is for. What is 200k in a low rate CD going to do for your anyway?  Just make sure you have enough for a year of living exoe ses if the dh loses his job.  Allocate 1k a month for five years.  Still find 200-300 in the budget to cut back on.  There has to be something.  The 1k a month should pay for the overage you calculated and anything like new tires, broken ac etc.  Summer pool pass, anniversary dinner.  This is only OK if you're contributing to retirement.  This is assuming the DW gets a job when the kids are in school (in 5 yrs). A better compromise would be for your wife to spend 2-3 years at home.

Remember that you have a fixed rate mortgage and hopefully will make more money over time.  This isn't a permanent situation.  Your kids will go to school and your wife can do more part time work.  [/quote]

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