Guide to Finance

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Stay At Home Mom Statistics

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The benefits for a stay at home mom and in many cases stay at home dads are many. In addition to the financial benefits that can be expected there are the lifestyle benefits that would be impossible to put a price tag on. This article will discuss some of the benefits and what they can do for you.



1. The number one benefit for many is the potential income level that can be achieved. The potential far exceeds the average working moms salary. While many women are very successful the average working mom is struggling to make ends meet.

There are a few benefits of working for an employer and stability is one of them. With a regular job you know exactly how much you will make and can usually count on a steady income.

While this is good for many it is also limiting. Not only is it limiting because you will have a hard time stepping up to a higher income level it also is not as secure as some may believe. Security in the work place is not as it once was. These are not a problem for those who operate their own home business.

It is difficult at first but as the home business owner becomes establishes in their market their income level will steadily rise. For those who choose their business opportunity wisely and make careful thought out business decisions their income level can rise above the level they previously help as an employee. Because you own your business your job will always be secure.

2. For many money is the number one reason to start a home based business but for others it is the lifestyle benefits that attract them. Being self employed is much different than holding a job in that you decide when you will work. You set your own schedule and you work the hours you want to.

It is important to note than a home business will require a lot of effort and time to build but you decide when and where you will spend that time. The time restraints placed on employees is no longer a factor in your working hours.

There is a freedom that is realized when you make your own decisions and set your own goals that will give a feeling of accomplishment. Instead of having a boss setting your goals and making your decisions those things will be up to you. Achieving personal and business goals as well as financial goals can be liberating. Then when you reach those goals you know it was you and no one else who did the work and made the accomplishment.

3. Working for yourself will eliminate much of the stress associated with the common work place. Not having to deal with the daily commute to work is one of the biggest stress releases. Hopefully there are no traffic jams in your home.

Fighting traffic trying to get to work on time or trying to make an event you must attend will not be a part of your day. Regular interruptions from fellow employees, your boss breathing down your neck and unachievable expectations will no longer be a problem. You are in charge of your day and you make your own decisions.

4. The Lifestyle benefits are among the top benefits of working for yourself. A home business will allow you the time you need and want to spend with your family. If you have school age children you can see them off to school in the morning and be there to greet them when they come home. Household chores can be scheduled around your business activities and shopping will not have to be rushed on your way home from work or restricted to weekends.

Family gatherings, birthdays, holidays and more will not have to be scheduled around your working hours. You will be able to schedule your work around those events in your life that are the most important.

If the above benefits are ones that you want and must have then a stay at home moms business opportunity can be the answer you need. It can afford you both the financial benefits and lifestyle benefits that can not be found by any other means.
Stay At Home Mom Statistics
Whether you've been a stay at home mom for a while or are just starting out, this is one of those questions that can really hit you hard. Going down to a single income as a family is quite a tough choice in most cases. And in the current uncertain economy it can be even easier to feel guilty about not contributing to the family's finances.

Directly, that is. As in earning money.

Indirectly, there's plenty a stay at home mom can do. She is often the one to handle all the shopping and keeping track of all the bills. If you don't think that has an impact on the family finances, think again.

Your first consideration is always how the family will manage to get by with one income rather than two. Sometimes the answer is quite surprising. Depending on what you earn, by the time taxes and the costs of wardrobe, eating out, childcare and so forth come out, you aren't bringing that much home. Sometimes it can easily be made up for; other times it will take more planning.

If having one parent stay at home is going to be a huge sacrifice for your family, take a look at what can be cut. Don't start with the grocery bill. Just because you have to buy food every week doesn't mean it's the most important bill.

Instead, start with your regular bills and figure out what can be cut. Cutting your cable plan down to basic can save you a nice chunk of money every month, and you probably won't even miss most of the channels you drop. Decide if you really need both a landline telephone and a cell phone. Then decide if one or the other should be dropped.

Cutting those monthly expenses makes a lot of sense. It's savings you won't have to think about every time you go shopping.

But the biggest savings of all can be in paying down credit card debt.

Credit card debt, as a rule, is expensive. Much worse than paying for a mortgage. If you can get it paid down, your budget will have far more leeway, and that's vital if you have only one income coming in.

You should also take some time to think about the things you spend money on, but really shouldn't. A lot of people, for example, get new cell phones regularly, even though the old one is perfectly good. Same goes for televisions when they decide it's time for a big screen unit. The list goes on and the numbers add up.

Get those other expenses in control as well as thinking about how you spend money at the grocery store. The broader your efforts the more you will save.

Handling the "What Ifs"

There are a lot of what ifs that you should face if you want to be a stay at home mom. The biggest one is "What if the situation changes?"

"What if your husband loses his job?"

"What if the two of you separate or divorce?"

"What if a medical issue comes up?"

You do need to have a backup plan in case anything happens. Obviously you hope that none do, but life happens. Better to plan ahead than to be caught unawares.

This means keeping up your own job skills, whether or not you work at home. Having savings. Talking about how potential problems will be handled. Not panicking if something does happen.

You may never need your backup plans. But if you do, you will be very grateful to have some idea what to do to keep your family going. The middle of a crisis is a rotten time to have to figure all this out.

Being a stay at home mom has its own challenges. Just due to personality differences it's not for everyone. But many learn to love it, and soon have trouble imagining doing anything else.
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About Author
Both Stephen Meyer & Stephanie Foster are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Stephen Meyer has sinced written about articles on various topics from Programming, Home Based Business and Home Businesses. Stephen Meyer is a successful home business owner who proudly helps others succeed by offering legitimate home business programs and online mentoring. You can see his opportunities at. Stephen Meyer's top article generates over 33100 views. to your Favourites.

Stephanie Foster has sinced written about articles on various topics from Credit Cards, Shopping and Pets. Stephanie Foster runs as a resource for stay at home moms. She offers m. Stephanie Foster's top article generates over 823000 views. to your Favourites.
Bes The Egyptian God
In the Ogdoad cosmogony myth, Djehuty gave birth to Ra, Atum, Nefertum, and Khepri by laying an egg while in the form of an ibis, or later as a goose laying a golden egg
 
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