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Can One of You Afford to Quit? Print
Thursday, 4th May 2006 (by J.D.)This article is about Choices, Planning, Tools
Most of my friends are having children. For some couples, the new financial realities are shocking. Kiplinger’s Personal Finance offers a financial calculator to answer the question: Can one of you afford to quit? This tool is for more than just new parents, though. What if one of you wants to start a new business? Go back to school? Simply retire?
Before deciding to live on only one income — to take care of children, go back to school or even start a business — a two-income family must consider a number of questions. First, can you afford to quit? Besides the reduction of income, you could face a new set of expenses and have to re-examine your saving goals and priorities. This worksheet will help you develop a snapshot of your cash flow before and after these adjustments
This calculator does not presume to tell you what you should do. It’s merely a handy web-based sandbox tool for playing with numbers.
November 18th, 2006 at 7:01 pm
Going to a one income family has worked very well for us. While not for everyone, I think being a single income family has enablee us to better focus what’s important versus what’s urgent. Make’s me want to consider going to a no (salary) income family
December 3rd, 2008 at 4:23 pm
I am the Director of childcare at Cubes and Crayons in Menlo Park. Our site is ideal for single income families who are interested in starting their own business, finish that dissertation, or just have a peaceful couple of hours to pay bills and make phone calls once a month. Cubes&Crayons provides flexible office space with onsite childcare. Cubes&Crayons offers a unique combination of services to the self–employed or freelance worker with young children. Both office space and child development services are available during regular business hours on a full–time, part–time or drop–in basis.
Cubes&Crayons provides infrastructure and a sense of community. It is a haven for parents to exchange ideas, learn about new work opportunities and connect as parents. Clients can use the center for office space, and if they need to childcare, full time or take advantage of a schedule and flexibility tailored directly to their needs. All office and childcare space reflects our commitment to the environment and is designed to be eco–friendly.
Prices start around 20$ per hour for both childcare and office space combined, but can drop as far as 11$ per hour depending on the package needed. Check us out at http://www.cubesandcrayons.com