Know if you can afford to stay home with the kids

by Jen (January 13, 2008)

If you’re considering staying at home with the kids but you’re not sure the family can get by on just one salary, here’s a calculator to help you determine that. It takes into account not only your income and expenses, but what you spend on childcare because you’re not there to do it yourself. It’s rather comprehensive, including stuff like college savings, so you can really get some perspective on what’s the best financial choice for your family. You may also get some ideas about where you could cut expenses to make staying at home work.

[Via GetRichSlowly.]

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