Podcasts Business Investing Radical Personal Finance 444-Yes, You Can Afford For Your Wife to Stay At Home...Here's How!

444-Yes, You Can Afford For Your Wife to Stay At Home...Here's How!

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

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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

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
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