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Work at Home Moms

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Should you stay at home with your kids?

Many moms don't realize how little their income actually contributes to the family income. Most moms simply calculate income against child care costs, but much more of that income is spent due to working outside the home, such as business clothes, gas, eating lunch out, and temptations such as that Starbuck's down the block where you get a $4 latte as opposed to coffee you can make at home. Be honest, and you will probably be shocked at the results!

To use: Fill out the appropriate fields ~ once you are finished, click your mouse in the Net Monthly Income Contribution to your household box, and it will automatically calculate. Yes, a - before the dollar figure means you are at a negative balance for actual contribution to the household.

Mom's True Income Calculator
Mom's Monthly
Gross Income:
 
Tithe / Charitable Donations  
Taxes  
Net Spendable Income
("Take Home Pay")
 

Extra Job Expenses    
Child care  
Clothing for work  
Transportation, gas and parking  
Extra Food
(lunches, snacks, coffee)
 
Dining out
(when you could cook at home)
 
Miscellaneous
(at work expenses)
 
     
Other expenses that can be avoided by working at home  

Total expenses for working outside the home

Net Monthly Income
Your contribution to your household by working outside the home
 

Now you need to decide if it is worth the amount you will earn after expenses to have an outside job. If not, begin exploring MyMommyBiz for different ways you can work from home, such as telecommuting, direct sales or starting your own business.

 

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