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🧐Can You Stay Home?🧐⁠ ⁠ 💗... Continuing from previous post❤️⁠ ⁠ ❤️One thing many parents forget to think about when they decide to stay at home is to handle retirement planning. Now, if you’re just staying home for a year or two, it’s probably not a big deal, but if you plan on staying home for many years, this can be a huge impact on you when you do retire. You may not have the finances to fund your retirement account well when your family is living on only one income, but you should try to do at least a little. See my article on retirement planning for stay at home parents for more information.❤️⁠ ⁠ 🧡Use this information to figure out what you will need to earn while staying at home. Some will be fine as a single income family, but others will need the stay at home parent to earn some kind of income. Ideally, this will be a relatively small amount, as the whole point of having a stay at home parent is to have more time with the kids and benefit them, not maintain a freely spending lifestyle. However, if a single income isn’t enough, a work at home job or home business will likely become necessary.❤️⁠ ⁠ 💛Figure out how much income will be necessary and how much risk you are willing to take. Work at home jobs are harder to come by, but home businesses are by their nature more risky, and it may take a few years to earn an adequate income from a business. Plan accordingly, and know that you might not be able to live your preferred lifestyle right away.❤️⁠ ⁠ ⁠ ⁠ 🤝Please tag friends who need this post.⁠ ⁠ 🤝Also, please share your BIG AHAAA with us and other followers.⁠ ⁠ © 2019 meeleech. All rights reserved.⁠ ⁠ Instagram: ⁠ 👉 Follow @meeleech.official ⁠ 👉 Follow @meeleech.official⁠ ⁠ Facebook:⁠ 👉 Follow @meeleech⁠ 👉 Follow @meeleech⁠ ⁠ ⁠ Hashtags:⁠ #meeleech⁠ #parenting ⁠ #meeleech_official⁠ #raising_children ⁠ #raisingkids⁠ #baby⁠ #babies⁠ #family⁠ #families⁠ #children⁠ #child #love #instakids #fun #childhood #mom #smile #toddler #momlife #play #newborn #childrenphoto #motherhood #instadaily #kids #kid #instagood #cute #photooftheday #happy