Whether you’re a mommy or a daddy, it has been long established that most households need to bring in two incomes just to survive economically. It doesn’t even matter how much money you make. At the end of the year, even the wealthy have to settle all of their expenses and manage their budgets only to come out with a few extra dollars. However, there are some expenses we naturally take for granted. Should you decide to become a stay-at-home parent, there are some areas of savings that could beat out the level of income you pull in. Here are six of the most significant ways to save money by staying home.
Many Stay at home parents won’t go to work, because to do so they would have to pay for childcare, which can obliterate your paycheck or leave you with only a marginal advantage. Daycare or a nanny can cost between $1,000 and $3,000.