Information for this post is sourced from Genworth Financial
I used the information I found about Stay at Home Mom life for this post.
As always, all opinions are mine. I hope they help!
How To Stay A Stay At Home Mom – Even When Life Gets In The Way
We all know being a Stay at Home Mom is some serious work. It’s not all Maury telling us who’s the baby daddy while eating bon-bons on the couch in our jammies all day. Although that would be kind of awesome, wouldn’t it? Kids, Cleaning, Car Pools, Mrs. Fit-It, Boo-boo Kissing, Diaper Changing, Cooking, and on top of that, a lot of us also Work at Home! Totally exhausting just thinking about it! Up until this past Summer, the pressure on me wasn’t quite as tough when it came to making money while I stayed home. I was able to do all the Stay at Home Mom stuff, and my Work At Home job and the money I earned was fun money, go out to eat money. Even buy that awesome sauce Coach bag kinda money. But, then life got in the way. My husband has been a Captain and Paramedic at the fire department forever. He made a really decent income and life was pretty cushy. We found out in April that the county was going to be doing some budget cuts. Know what they cut? Yep, the fire department! Poof… gone. Closed down. Who knew a whole fire department could just up and close?? Yeah, we didn’t either. Life can kind of suck like that. It’s a good thing I work from home. But now I have to work 10X’s harder because I really need to be making the money! Also, it got us thinking…. What if something happened to ME? Kind of like my husband. But worse? Like… hit by a bus kind of something. Gave me the willies, but something we need to at least think about…
Does A Stay at Home Mom Need Life Insurance?
Short answer? Heck yes!! All parents should have life insurance, I think. Look at my life for example. We were cruising along all upper middle class and BAM… Life happened. Really makes you understand how things can change on a dime! And, what if it was something worse that happened? What if it was really me that got hit by that bus? Or, even a stay at home mom that doesn’t work! Either way, you’re doing all the important stuff for your family. Caring for kids and your home, it’s a job! A job that would cost your husband money to fill-in if you were not around anymore. Once you get past that creepy ‘I may not be here forever’ type thinking… you can see how really important it can be. It gets serious, real quick.
I was reading this article on InsWeb and it said stuff that made it all sort of ‘click’….
“Stay-at-home parents may not earn a salary, but they still make valuable financial contributions to their families”
“If you died tomorrow, would you have the money to hire people to do all of the things that you do for your family on a day-to-day and year-to-year basis?”
Think about it. Who would do all that you do? Day in and day out until your children are grown? MIL’s, relatives and friends will step up and help, sure. But for the whole next decade or so? It’s a tough convo to have. I get it. Like I said, it gives me the willies. But, if an entire fire department can just close the doors and shut down, isn’t it at least possible that something could happen like getting hit by that bus??
If You Are A Stay At Home Mom, Do You Have Life Insurance? Are Ya Thinking About It Now?
Yes, having life insurance is an important safe guard for the family income. The question of how to make sure the coverage is adequate is best covered by an agent.
Also an important topic is how to live with less stuff so that the family has an adequate emergency fund in liquid savings for when “life” happens.
where are the bon bons? that’s what my husband thinks i do all day.
Brittany at The Frugal Free Gal says
Yes, we have it. I laughed at the two graphics, it’s so true! I was a stay at home mom for about 4 years and now I work at home. It was tough work but I loved the memories I was able to make with the girls when they were home!
I am stay at home, but not mom. I do work from home and I woudn’t change it for anything 🙂