Anonymous wrote:Anonymous wrote:I don't think you can compare any situation. My husband has a stable 40 hour a week job where he has to be on site but can flex his hours if needed most of the time. He is home for dinner and does not bring work home (per his job).
How do afford expensive housing on single earner with basic 40 hr job? Is he specialized talent and demands $$$$ for few hours?
Anonymous wrote:Anonymous wrote:This is really a personal decision. Some of the pp's offered good advice about the financial end of things but I have older kids -- here is some of what happened on the emotional end.
The first 10 years of building a career (in DH's case in finance) were difficult with long hours and weekend work. On average, we did not see DH three nights a week during this time either because he was traveling or because he was home too late. There is no doubt that my kids suffered, especially as they moved into elementary school and realized that dad wasn't there for dinner or often for bedtime. One of our kids really did not adjust to this well at all. It is true that this is time that DH won't get back.
After about 10 years things leveled off and now we have both the high income and the better hours. That is really a nice place to be at age 50 since we have college and our retirement fully funded. At this point, we are much less stressed than many of our friends but in our 30's we were way more stressed.
Neither of us would have been happy with 40 hours a week jobs -- we are both risk takers. That is the part that is so personal. We are lucky that it turned out relatively well.
One last thing, I hired a sitter for many, many years. It helped keep my sanity after I quit my job. I also developed a lot of non-work interests and volunteer in the community (not in my kids' schools).
How risky was your husband's job? What was your fallback plan? We are not risk takers but this is a big opportunity so we're trying to see how to hedge that risk and make sure we make it through it OK.
Anonymous wrote:This is really a personal decision. Some of the pp's offered good advice about the financial end of things but I have older kids -- here is some of what happened on the emotional end.
The first 10 years of building a career (in DH's case in finance) were difficult with long hours and weekend work. On average, we did not see DH three nights a week during this time either because he was traveling or because he was home too late. There is no doubt that my kids suffered, especially as they moved into elementary school and realized that dad wasn't there for dinner or often for bedtime. One of our kids really did not adjust to this well at all. It is true that this is time that DH won't get back.
After about 10 years things leveled off and now we have both the high income and the better hours. That is really a nice place to be at age 50 since we have college and our retirement fully funded. At this point, we are much less stressed than many of our friends but in our 30's we were way more stressed.
Neither of us would have been happy with 40 hours a week jobs -- we are both risk takers. That is the part that is so personal. We are lucky that it turned out relatively well.
One last thing, I hired a sitter for many, many years. It helped keep my sanity after I quit my job. I also developed a lot of non-work interests and volunteer in the community (not in my kids' schools).
So it's either demanding job with SAHM or 2 WOHP with steady jobs. Are there any SAHM happy with the hard driving breadwinner husband doing his best to provide for them or does the absence just cause too much resentment?
Anonymous wrote:DH is usually home by 6:00pm for dinner. He has a somewhat flexible job- so he is able to go to IEP meetings and then go to work. In crunch times, he will work late once a week. He can do work from home. His commute just changed for the better and he is now only 4 miles away. Love it.
He has ebbed and flowed with travel. He is in a flow right now and has average one trip a month to the west coast.
Having a woh/sah working partnership has been beneficial for our family because of some special circumstances. For us, dual wohp was more natural and ran well and I would have preferred for that to continue. I worked a 40 hour job that was rare for travel and overtime. DH's job has become more flexible as time passes. However, we make do with what choices and options we had available.
My suggestion is that you save your entire post tax salary plus 10% of your DH's for at least six months before you quit. That way you can see if you are able to do it financially and you will have a nice nest egg. You should also be able to contribute to both your retirements and children's college funds- otherwise it may not be financially feasible- unless something more important is driving a partner's staying at home. There is a learning curve to SAH, at least there was one for me. It took years to get into the cadence- which is different.
Why this works for DH and I:
We are naturally frugal people.
We saved my post tax salary from the moment I moved in when we were engaged, so we were used to the budget.
We have been able to keep up with retirement and college savings.
We treat each other as equal partners and money is "ours", not yours/mine- we make money decisions together.
We are partners in raising our children.
We make sure our relationship stays current and go on dates.
We work together. Everyone pitches in- laundry, cleaning, yard care.
We have an every other week house cleaner.
We both think that the other has the worse deal (most days).
Anonymous wrote:I don't think you can compare any situation. My husband has a stable 40 hour a week job where he has to be on site but can flex his hours if needed most of the time. He is home for dinner and does not bring work home (per his job).