The staggering cost of child care alone is enough to convince some parents to quit their job and stay at home with the kids. At the same time, can your family survive without your income? This calculator will help you figure it out.
There’s so much to consider when deciding whether or not to quit a job to become a stay at home parent. Of course, everyone’s situation is different, and it depends on your income, bills, your partner’s income, and so on. You can use this calculator from Parents.com to crunch all the numbers.
Plug in the costs and savings associated with being a working parent, then do the same for being a stay at home parent. The calculator will then give you an idea of what each situation looks like, financially. Again, there’s a lot to factor into your decision; this is just a tool to help you along the way. Give it a try at the link below.
Stay at Home Calculator [Parents.com]