How many of you have a stay at home wife? Are you able to afford a one-income household? Does your SO want to (re)enter the workforce in the future?

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I do. She wouldn’t have it any other way and I love what I do. Two kids and no problem affording it.

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3 kids, 4th on the way. Wife hasn't worked since college. We own a home and don't feel like we're poor. It helps we're in Dallas and we don't drink alcohol, except 10% of our paycheck goes to charity/church. She has an English Lit. degree so pretty much no work would cover day care, but I'd rather have my wife raise the kids than strangers.

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My wife is a SAHM. Chicago proper, 3rd kid on the way, 2 in private school. Doing it but not feeling wealthy. Not wanting for anything though

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Thumbs up D1. Priorities.

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If you wife could make 200k, would you quit? Do you think a part of her might lose respect for you in some way? I have noticed there is always friction when she is paying the bills...even if I am doing everything else. Plus, if you were to ever divorce you would be screwed on attracting another women, if you ever had to...but maybe it would be nice to be a stay at home dad...thoughts?

likesmart

Why would I be kidding?

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I don’t understand I guess... consulting pays plenty to make it work. I live in the suburbs of a desireable west coast town. Perhaps our expectations are lower? We both drive nice cars, live in a nice house, and have almost zero Debt.

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Wife stays at home. 3 kids all very young. CRUSHING IT.

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Wife is stay at home mom. Have 2 kids. Making it work. You’d be surprised how easily you can adjust off of one income. My wife used to work before the kids and all we did was spend on things we don’t necessarily need. It’s doable.

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We have 4 kids, wife stays home. Making reasonable pay for an SC at Deloitte. But also have done it on about $70k a year for a while. We don't want for anything now and we live on about 70% of take home pay. A couple key things make it work:

Being out in the 'burbs - lower housing cost and better schools (no need for private).

Budget. This is a must.

Savings. We're saving to retirement and will have income at least what we make now. But, along the way its essential to have an emergency fund. 10% of each check goes here and we have to tap it a couple times a year. But we always have it.

Reduce restaurant spend. We still go out a couple times a month.

Wife is considering a return to work later, when all 4 are in school. With her background, should be able to re-enter. I think it would make her happy, but she hasn't decided.

It does work. Best way to get started? In all seriousness, ask a Mormon. I know about 30 Mormon families around me who make it work with less $ (and in some cases, more kids). They've also been an awesome support community for my wife. They've got it figured out... and they enjoy it.

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H1 u r kidding..

Two kids..one earning member..how can u make it work. I just can't even imagine. My husband would quit in a heartbeat, if we could figure out how to make it work with one paycheck

My wife stays home, 3 kids, doing fine in the burbs. She had a profession/career but wasn’t advancing so made more sense and we’re all happier for it. I wouldn’t complain if when they’re older and she’s doing less of the typical carpool and soccer thing that she’ll want to pull in some dough again but I don’t deeply care if she doesn’t.

D1 which school in Chicago? I'm looking for a private school for my child as well..thank you

SC1, it is a Montessori school in LP/Lakeview. Cardinal Bernadin. Drop a burner if you want info. I have friends at St Andrews, St Alphonse's, and Latin as well. Different styles and different price points.

Also 3 kids. All teenagers now. Wife hasn’t worked since the first one came and loves it. We had to change our lifestyle to adjust to kids back in the beginning but it was worth it to us. She does not want to go back to work and I want to retire early so we can travel and enjoy all we have worked for. No regrets for either of us.

Wife doesnt work and actually started graduate school after the first baby :)

Wife entering workforce after a year of break. She always love to work, hope she doesn’t feel burnt out between work and taking care of baby .

Its seems almost effortless.
I have three children, an ex wife and a wife. I am the only earner, so I have two mortgages effectively in very nice suburb. All cars are paid for. Couldn't be happier.

K1 - What level are you at the firm?

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