Tuesday, July 17, 2007

the cost of staying home? $1 million, but don't worry - it's worth it

Good morning. MSN Money recently posted a fairly balanced article about the economic costs of being a stay at home mom. Here's an excerpt:

Now, can you afford this? Your initial response, and the response of many two-income couples, might be no. But two incomes can be deceiving. You earn more, but you also probably spend more. When you look at what many SAHM Web sites call “the cost of work” -- what you pay in travel, wardrobe and eating out more frequently, plus the cost of child care -- your salary may not be the big asset you thought it was. Add to that the fact that your income is taxed at a higher rate thanks to that marriage penalty, and you might be dismayed to see what your second income (or his, if it's the smaller one) boils down to.

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