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Reply to "Do any SAHMs regret it because of financial reasons?"
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[quote=Anonymous]Financially, no, I don't regret being a SAHP. There was very little left over of "my" salary after paying for a nanny and maxing retirement savings. I know people will say I should have looked at our combined salaries. I did. I actually earned more than my DH at the time so financially we would have been better off if he had become the SAHP. We felt fine financially on one salary so it wasn't a financial decision to SAH. It was about what I would regret missing the most, career or time with kids. I'm sure I'll never get back to where I would have been in my career if I had continued working, and I wish the world were different in that regard. I do also wish we had more money but the truth is we wouldn't have that much more. We certainly wouldn't have enough to compensate for the extra busy schedule and we would be spending a ton on outside help to maximize the little family time we would have, again leaving very little (if any) $ left as a result of working. So, for me it was a choice between time and money knowing that more of one meant less of the other. P.S.- Those fearing the need to restart their careers quickly in the event their partner dies should buy life insurance. Actually, both parents should have that, and for the SAHP consider what your partner would need to pay to outsource everything you do.[/quote]
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