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09/01/2016
Dr. Laura:
My husband and I did several things to make sure we had the financial wherewithal for me to be a stay-at-home mom. First, we waited to have children until we were reasonably prepared - we both worked at full-time jobs and we made double payments on our mortgage while we saved regularly. Then we kept track of our finances, always with a mindset of stepping back to one income (which was hard to do, since I made more salary than my husband did). We also learned how to do many things for ourselves, rather than needing to hire outside people to do them. This included not only home repairs, but my learning to cut his hair!
Finally, we lived within our means and did not take on debt beyond our mortgage (which, by the way, we paid off early). If you do the research, make a plan, and stick to it, you CAN afford to live (and thrive) on one income.
Doris
A proud stay-at-home mom!
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