Can You Stay Home?
Figure out how much income will be necessary and how much risk you are willing to take. Work at home jobs are harder to come by, but home businesses are by their nature more risky, and it may take a few years to earn an adequate income from a business. Plan accordingly, and know that you might not be able to live your preferred lifestyle right away.
Fortunately, by the time you take out the costs of working outside the home, you will likely find you don't need to earn what you used to. Half or even less of your previous income may be quite adequate. It may require sacrifice, but that's what being a parent is about.
Stephanie Foster is the owner of Home with the Kids, a resource for stay at home parents. To learn more about being a successful stay at home parent, please subscribe to the newsletter at www.homewiththekids.com/newsletter
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