I wasn’t sure whether this fell more into Family life or faith and finances, so forgive me if would be better placed there.
My wife and I are expecting our first child in April, and I think we’ve pretty much settled on the idea that she’s going to be a stay at home mom. Honestly, with the cost of day care, that would eat up the bulk of the income from her job anyway.
But I’m honestly scared that my income alone won’t enough. I’m in a situation right now where neither my title nor my salary reflects my actual duties, but I don’t expect a raise any time soon. I’m looking for other opportunities, but my industry is highly competitive, and a lot times can boil down to who you know, not what you know. If need be, I’m prepared to take a second job at Wal-Mart or something like that in the evenings, but I’d really rather not. I want to be able to have an active role in my children’s lives as a father, not spend all my time working.
Is there anyone here who can offer up some advice? How do you stretch a single paycheck out to support a family of three (and more at some point, God willing)? I realize it’s going to mean cutting out just about all the “extras”, but what about the basics? How do you deal with healthcare and such? My employer’s price for an individual is dirt cheap, but putting a child, or a spouse, or both on gets costly.
And, most importantly, can I ask for your prayers that we’ll be able to make this work? We have prayerfully considered this, and have come to the realization that this is what God wants for us, but that doesn’t make it any easier for me to put myself aside and follow His will.
Thank you all, and God bless.