Reply to Can I be a SAHM on about 100k per year?

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[quote=Anonymous]New poster here.  OP, let me ask you a different question.  Is this decision to be a SAH partly an investment into your business?  You mentioned that your business can generate as much as your 30 hour job but with way less hours, and that is because you didn't have time to take it further.  So, are you really wanting to be SAHM to be there with your kid or are you doing this as a side thing with the goal to take your business off the ground?

If you look at it this way, then your decision to stay home is not just to save on daycare (which with your salary of 45K I agree makes little sense).  You are trying to built a lucrative business that has upside potential and can propell your family's financial future above and beyond what you would be saving on a regular paying job.  Thinking in these terms and considering that you are only 27, I think you should go for it and give your business a try.  HOWEVER... when you give birth your world will turn upside down, your expectations of what you will be able to do for your business may be crushed if you don't prepare.  do you have any family in the area to help babysitting, because if you want to really grow your business you will need more than just a few hours a week.  Otherwise, you will need to budget for some babysitting.

The good thing is your business is already money generating, so it’s just a matter to arrange the babysitter for those hours that you require to keep it going at least at the same level and keep gradually bringing it to a new level.  The more you start making the more you will be able to afford paying a babysitter and eventually you may be able to build to the number of hours with appropriate family balance to really grow it.  I don’t know what business you have of course and how plausible this is, but if you think there is an upside, then go for it.  If in 2 years you won’t be able to grow your business then you can maybe fall back on the job you used to have, don’t know if they are related, but working for yourself is in no way something you cannot put on your resume, it’s a great experience too.

The reason I am saying all this is I myself considered the similar arrangement, my circumstances are different and I am in my late 30s, with 1 kid. But you are still young and your business already is bringing cash, so don’t get hung up on sacrificing a couple of years of saving for college/retirement etc, and it’s not like your 45K a year will take you far in these two years.  You can make the numbers work as long as you cover your expenses and make sure to have extra left for emergencies.  The thing you need to think about is what happens after the baby is born, as you may be overwhelmed.   It’s very hard to take care of the baby and the house by yourself when they are so little, so don’t build your expectations on the number of hours of quiet uninterrupted work you can manage now.  Think about how to get some hours of daycare and count this into your calculations.
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