How To Afford Being A Stay At Home Mom

calculatorAs a working mother, you may wish to stay home with the children but find that it is impossible nowadays to do so. Many ask themselves how to afford being a stay at home mom. With some effort, this is not impossible to do.

The first thing that is recommended is that you adjust your budget by first analyzing your spending habits. Once you do this, you may find that you are over-spending and wasting money anyway.

You also have to look at how much working at a conventional job may cost you and analyze the expenses that go along with it. Some of the expenses may be the following: childcare, gas, clothing, housekeeping, eating out, etc. Many times, because of the working schedule, parents find themselves having to pay for things out of convenience. Also, consider the taxes taken out of your paycheck before it even hits your account.

You may start to see that working does cost money. You may find that you are better off staying at home to take care of the children anyway.

For just a couple weeks, keep track of everything from credit card slips to all your expenditures. What does it cost to drive to work? Some people drive well over 50 miles a day just to work.

When you go shopping, do you try to have all the best at higher prices or is second hand shopping worth the savings? Some times you can find yourself saving over hundreds of dollars each year by shopping second hand. Of course, only make the purchase if it’s in your budget to do so.

How can you save on food? The most reasonable is avoiding the drive-thru and restaurants all together. Instead of going for named brands at the store, go for generic foods instead. I also recommend growing a garden; especially if you are into organic and natural foods. It is great when you can grow your own foods and herbs. Growing a garden doesn’t cost much at all. Places like Trader Joe’s is a holistic type of grocery store that is not expensive at all because they purchase straight from the manufacturer, which helps to cut out all unnecessary costs for the consumer.

If your family likes to eat meat, try finding a local butcher or rancher where you can freeze it in bulk. But if you are able to cut out meat all together, that would greatly reduce your cost.

Turn your home into a Green Machine. This will help you conserve costs on energy as well as give you a tax break as a homeowner.

You may not need a cell phone now that you are home, but if you still do, evaluate your plan and other options that may be more cost effective.

Many families cut out the cable and satellite services and go with mailer movies or watch television through Internet streaming.

After doing the math and taking a close look at everything you may not have to ask how to afford being a stay at home mom anymore. It’s probably more doable than what you originally thought.






For another helpful mom article check out How to be the Best Mom you can be.

2 thoughts on “How To Afford Being A Stay At Home Mom

  1. Great post… I need to look a little closer at some of these things {again}. Wishing I could be as stay at home mom blogger 🙂 P.S. Are you on bloglovin?

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