Reply to I think I want to quit working

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[quote=Anonymous]I am with you, OP.  You should quit for your peace of mind, to focus on your kids and family, to focus on your health.  There are huge rewards for the whole family if you have the benefit of having an educated SAHM.

BUT - Finances are a big consideration.   Becoming a SAHM should not make your family financially poor.  What do I mean by that? College, retirement, housing, security, medical care, healthy food, academic assistance -  should not be jeopardized if you quit.

Here is my anecdata of how I was able to become a SAHM without taking too much hit financially.

- No student debt. No consumer debt except mortgage.
- New, spacious SFH in an inexpensive neighborhood. Low rate of mortgage. (downside was long commute for DH, and not that great public schools)
- No private schools.  Kids went to magnet publics based on their academic performance in entrance tests. 
- Only 2 kids with gap of 5 years. No SN. No pets. 
- Saved one salary before kids.  Always lived, saved, invested on DH's salary. Mine was untouched and invested. 
- No pre-nup. All assets held jointly. DH got boatload of term life insurance for himself so that we would be financially in a good position if something happened to him. 
- No addiction, adultery, abuse scenario. Happy and functional family life.
- Lived frugally for our income  but put in money for service providers to make life easy for us -  cleaners, lawn mowing person.  
- Cook at home,  tutored my children at home, no luxury vacations for several years when kids were young.

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