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Stay at Home Calculator

Dream of quitting your job to stay home with the kids? The first step is understanding your expenses. The second? Seeing if your family can cover them comfortably on just one salary. Remember, the more accurate the information you enter, the more confident you can be about the results.* Not sure what to put in each slot? Click on the ? for tips. If something doesn't apply to you, go ahead and leave the field blank.

Your Income STEP 1a: Enter Your Monthly Income sah

Your after-tax income:
Your partner's after-tax income:
Total: This is your after-tax (net) annual earnings now

STEP 1 b: Enter Your Potential Stay-at-Home Income

Your after-tax work-at-home income:

Your Expenses STEP 2: Enter Your Monthly Home and Living Expenses

Mortgage
Rent
Car Payments
Utilities
Groceries
Insurance premiums
Other household bills combined
Debt payments
Contribution to retirement funds account(e.g. IRAs) outside of those automatically deducted from your paycheck
Contribution to college funds
Dinners out, take-out, movies, other entertainment
Emergency fund for unexpected expenses( car or home repairs, etc.)
Total: This is your total yearly outlay for basic living expenses

STEP 3: Enter Your Monthly Childcare Expenses

Childcare expenses incurred by working
Total: This is your total yearly childcare cost

STEP 4: Enter Your Monthly Work Expenses

Commuting expenses
Lunch/snacks/coffee/after-work drinks out
Work clothes
Dry cleaning
Total: This is your total yearly work cost

STEP 5: Enter Any Other Annual Expenses

Yearly vacations
Holiday and birthday gifts
Beauty and family upkeep
Clothes(non-work related)
Child-related expenses
Medical expenses not covered by insurance
Gym/club membership dues
Everything else you spend money on
Total: This is your total yearly extras cost

* Disclaimer: This is meant to be a basic tool for estimating expenses and the economic feasibility of stay-at-home parenting. You should confer with your accountant or financial planner before making decisions about living on one full-time salary or two.

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