How do stay-at-home moms become financially independent?
Banking your own money -- either through a part-time job or by taking an allocation from your spouse's income and depositing it in your own account -- can ensure some financial independence as stay-at-home parents, experts say.
How much money should I save to be a stay-at-home mom?
Many experts recommend savings of about six months' living expenses. Especially if you're fully reliant on just one spouse's income, you might choose to save at least this much or even more before quitting.
From an economist's point of view, a mom would spend 1.37 hours, on average, caring for her children even if she had a job. So the real benefit of being a stay-at-home mom is the extra 1.26 hours she is able to dedicate to her kids, multiplied by the $13.22 hourly pay of a childcare worker, which equals $16.66 per day.
Does being a stay at home mom make a difference for your child?
Decreased Stress and Aggression in Kids
Some studies link childcare with increased behavioral problems and suggest that being at home with your children offers benefits to their development compared with them being in being in childcare full-time.
Knowing how to make $1,000 in a day is no easy feat, but it's doable. As mentioned, you'll probably need to juggle a few different options while they grow into profitable businesses. Having a mix of passive and not-so-passive business can help you manage the level of work required to hit your goal.
What's also stayed consistent is the feeling of loneliness, isolation, and loss of purpose that sometimes accompany being a full-time caregiver. This phenomenon, called stay-at-home mom depression, affects more than a quarter of non-working parents.
Many stay-at-home moms have limited contact with other adults throughout the day, and this loneliness can contribute to depression. One way to deal with isolation and loneliness is to take some time to let someone know you're feeling isolated—they may be feeling the same way.
WASHINGTON—Mothers with jobs tend to be healthier and happier than moms who stay at home during their children's infancy and pre-school years, according to a new study published by the American Psychological Association.
