Kids grow up fast. One minute they’re crawling and very dependent on you, the next they are already independent and have a life of their own.

Some parents don’t want to miss any of the developmental milestones of their children. As hard as it may seem, some give up their career to be a full-time parent. They believe that personally taking care of their kids are way more important that their jobs.

If you’re weighing on giving up your job to be a full-time parent, you should come fully prepared before making this decision. Being a stay-at-home parent is certainly not a walk in the park. Before taking the big leap, here’s what you should do first:

Know Your Timeline and Make a Plan

Jumping into a stay-at-home parent is like going into a war; you should never go unprepared nor unarmed. Start by making a plan first.

How long will you be staying as a stay-at-home parent? Is it only for the meantime that your toddler is growing up or will you be a full-time parent forever? Consider your financial standing as well. Is the salary of your spouse enough to pay all the bills and make both ends meet? If you feel that your financial standing is not enough with only one of you working, you can consider on having home based job. You can also start an online business or teach kids online.

Make sure that you have everything planned out before handing your resignation letter.

Create an Emergency Fund

When only one of you is working, it’s hard to budget your finances. You would be having a hard time when you encounter unexpected bills or expenses. Avoid going through this dilemma by setting up an emergency fund. Allocate a certain amount to be deposited to this fund and only use this for emergency purposes only.

You can jumpstart your emergency fund by going through your stuff and selling those that are not being used. Use the money earned as your initial emergency fund. You can also start cutting down your expenses by…
 

Discover more fancy articles

Online dating – 10 steps to explore an excep... Online dating is not for everyone, but it has the advantage of making contact with many men you NEVER would have known in real life. You can send and receive messages at any time of the day and without even having to dress up. And even when you write, your profile meets new men f...
My year of transformation The other night as Mike drove into town, we were headed to an event downtown to listen to writer Alice Waters (LOVE her!) and he looked at me, placed his hand on mine, and said, “Do you remember life a year ago?” We had been so busy the last week running in opposite directions we...
5 tips for designing an entertaining-ready kitchen Most of us love to spend our weekends and evenings with our nearest and dearest, and our perfect home would allow all of these special people to gather for special occasions, celebrations or just a relaxed catch-up. If you enjoy hosting parties, having large family gatherings,...
A guide to keeping your kids safe online This generation’s kids are born into a networked world in which more and more things are linked over the internet. Online activities are inseparable from other aspects of life. The internet is tied up in how they learn, bond with friends, explore their identities, and express the...

Pin It on Pinterest

Share This