How do you approach managing money as a couple when one person is a stay-at- home parent? How can the couple avoid feeling like the money earner is “in control” and maintain equality in money-making decisions?
– We Both Work
The ability of one half of a couple to stay home and parent children while the other goes to work to earn a living indeed has many benefits. Some benefits include: avoiding the costs of childcare, commuting time and expense, and other work-related expenses. Additionally, the spouse who works outside of the home is usually given more flexibility in his or her career – perhaps allowing the spouse to earn additional cash for overtime, or a deserved raise. However, there are also some potential drawbacks for single-income families.