From Stay at Home Calculator - Parents.com

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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 1: Enter Your Monthly Income

Your after-tax monthly income:

Your partner's after-tax monthly income:

Total: This is your after-tax (net) annual earnings now

Step 2: Enter Your Potential Stay-at-Home Monthly Income

Your after-tax work-at-home monthly income:

Your Expenses

Step 1: 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 2: Enter Your Monthly Childcare Expenses

Childcare expenses incurred by working

Total: This is your total yearly childcare cost

Step 3: 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 4: 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