BROADCASTS.com

Published: March 29, 2017, 9 a.m.

Today's show comes by inspiration of this listener question: "Joshua, will you please send me a link to the best show on your website for a woman wanting to convince her husband that they can make it financially if she stays home?"

Well, I didn't have such a show. But now I do.

Here it is!

Joshua

• Don't have good data on your income and expenses? Start tracking it with YNAB! Get a free 34-day trial at www.radicalpersonalfinance.com/YNAB

DATA:

\xa0 \xa0Working (Conservative)\xa0 \xa0Staying at Home\xa0 \xa0Difference\xa0 \xa0 \xa0 \xa0 \xa0 Husband\xa0 \xa0$60,000 \xa0$60,000 \xa0 Wife \xa0$60,000 \xa0$-\xa0\xa0 \xa0 Total \xa0$120,000 \xa0$60,000 \xa0$60,000 \xa0 \xa0 \xa0 \xa0 Employment Taxes (7.65% -- 6.2% SS + 1.45% Medicare) \xa0$9,180 \xa0$4,590 \xa0$4,590 Income Taxes (Turbo Tax Estimate, 30 years old - 2 kids, no deductions) \xa0$12,849 \xa0$1,756 \xa0$11,093 \xa0 \xa0$22,029 \xa0$6,346 \xa0$15,683 \xa0 \xa0 \xa0 \xa0 Income, net of tax \xa0$97,971 \xa0$53,654 \xa0$44,317 \xa0 \xa0 \xa0 \xa0 Cost of Childcare ($7k x 2) \xa0$14,000 \xa0$-\xa0\xa0 \xa0$14,000 Income, net of childcare \xa0$83,971 \xa0$53,654 \xa0$30,317 \xa0 \xa0 \xa0 \xa0 Commuting Costs Saved ($200/mo) \xa0$2,400 \xa0$-\xa0\xa0 \xa0 Work Lunches Saved (100 lunches @ $15) \xa0$1,500 \xa0$-\xa0\xa0 \xa0 Work Clothing Saved ($50/mo x 12) \xa0$600 \xa0$-\xa0\xa0 \xa0 Dinners Out Saved ($60 x 50) \xa0$3,000 \xa0$-\xa0\xa0 \xa0 Household Savings due to frugality ($200/mo x 12) \xa0$2,400 \xa0 \xa0 \xa0 \xa0$9,900 \xa0$-\xa0\xa0 \xa0$9,900 \xa0 \xa0 \xa0 \xa0 Income, net of working costs \xa0$74,071 \xa0$53,654 \xa0$20,417