Stay At Home Calculator
Have you been wondering if you could stay at home with your family instead of working outside of the home? I used this type of calculator – Get the interactive calculator here: Parents Magazine and found out that not only could I stay home, but based on the numbers, I might even be able to do it easier than working outside of the home and trying to pay for childcare! It is definitely a personal choice, but with careful budgeting, finding deals on everything you buy, and maybe making a bit of money from home, you can do it too if you want to! The below calculator is not interactive but shows you what you need to compile, then just go to the Parents Magazine site and fill in the numbers if you don’t want to do it yourself!
Step 1: Enter Your Monthly Income
Step 2: Enter Your Potential Stay-at-Home Monthly Income
Step 1: Enter Your Monthly Home and Living Expenses
Step 2: Enter Your Monthly Childcare Expenses
Step 3: Enter Your Monthly Work Expenses
Step 4: Enter Any Other Annual Expenses
*Disclaimer: This is meant to be a basic tool for estimating expenses and the economic feasibility of stay-at-home parenting.