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Author: fredinseoul Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5089  
Subject: Re: FIRE Planning for a future SAHM Date: 8/11/2003 12:29 AM
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Another poster suggested that you start living on half now. Take one salary, and start living only on that one. Save all of the other one. Do not cheat, keep within your budget. You'll find out if you can live on one salary. You should also try to estimate the costs of the child/ren you plan to have: ie. medical, dental, clothes, diapers, food, etc, and try to reflect that in your budget. If you can't you will need to re-examine your plan and find a way to be a SAHM and live within your budget.

My personal opinion now, if retiring early is more important of a goal, you need to push children back further. IF children are more important, you probably need to forego retirement. Children are very expensive. Medical expenses alone will be significant. Add in the other, run of the course costs, and you face a significant challenge.

Good luck in your decision.

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