Parental Child Care
Child care costs can vary depending on the number of hours a child is watched, age, and whether we’re talking about childcare outside of the parents or family members. On average child care costs about $12,000 a year in Washington (and we have some of the highest rates here). So that’s between $800-$1000 a month (sometimes more). That’s a little less than what I pay for rent!
I’m saving about $1000 a month, or $12,000 a year.
SO! I will not have to buy any other diapers, ever.
“Baby Stuff Swap” Events
What are “baby stuff swap” events?
I’m saving at least $100 every three months, at minimum $1000 a year. But honestly, it’s more like $100 per month because of other care supplies needed to care for the baby.
How much I really saving every month?
Why don’t you just get a job already?
NOT A Stay At Home Mom Monthly Expenses:
Child Care $1000 + Disposable Diapers $200 + Formula Fed $140 + Clothing & Supplies ~$100
= $1,400 a month + Rent & Other Expenses
= $16,800 a year + Rent & Other Expenses
I would have to make $1,400 every month after taxes with a full-time job JUST to pay for my child’s needs. 😓 As I do not have any college degree or trade learned, I am limited to how much of an income I can make. It would take me longer than Raising my child to establish a career at a company.
What it looks like to be a stay at home mom every day…
I Couldn’t Be A Stay At Home Mom Without Help
I have the most loving and supportive husband to build my life with. Thankfully he has been willing to work a full-time job to support us by paying the rent, utilities, food, medical, automotive and all the other expenses of living. We still struggle to make ends meet every month. Our goal is to build up this very blog enough by 2019 to get out of debt. Our ultimate goal is to produce enough income from blogging to support us both by the time CJ is ready to be homeschooled. It has always been a dream of his to homeschool his child. This means that I will need to be able to take over all financial stability by blogging by 2021 (at the latest).
Other Ways I Save Money Being A Stay At Home Mom:
- Passive incomes such as Swagbucks and Inbox Dollars
- I play the Lucktastic app, because why not! It is legit! (+)
- Low-income discounts such as Electricity & Food programs (ever heard of Imperfect Produce (+)?)
- Eating at home for breakfast, lunch, and dinner vs. fast food or other dining restaurants frequently (date night is 1-2 a month)
- Avoiding (too many) battery operated toys
- Limit entertainment to affordable options (such as camping) versus expensive vacations (such as Disneyland)
- Keeping a baby registry open and live for loved ones to avoid unused gifts and expenses (for them and for us)
(+) Imperfect Produce: https://www.imperfectproduce.com/ || They sell the “ugly” fruits and veggies that are turned down by big stores and companies and sells them at a seriously low price!
(+) Lucktastic App Review by Penny Hoarder: https://www.thepennyhoarder.com/make-money/lucktastic-reviews/ || A scratch ticket game in which you can win real monty. I currently have about $20 earned on there, but I promised myself I’d wait until $100 to cash out. I’ve been playing off and on, very randomly for about six months.
Swagbucks: http://www.swagbucks.com/refer/leebeeinbox || I will earn $3 if you use my link to sign up with Swagbucks, which is the best site for surveys, watching ads and clicking through sites to earn cash rewards. I usually open Swagbucks and Inbox Dollars and turn on the videos in the background and walk away. I earn a little extra money every month by doing this. Free money doesn’t get any easier.
If you are also a stay at home mom, please share this post with other moms!
How much money do you save by being a stay at home mom? Comment below!