I am due in February.. I had planned on returning to work full-time, as we thought there was no other choice. We were told I couldn't have children, and after losing 200+ lbs, finding out I was pregnant was a huge surprise and shock, considering we'd been really careless with alot of things, SINCE WE COULDNT have children.. Ya know.. Vacation? Sure. We dont have kids! 2 new cars? Why not?!
Then all of a sudden, Bam. We're pregnant.
So, as I stated, we were sure I couldnt stay home. 2 weeks ago, I was told I was being laid off and my last day would be December 30th. I was told (And I recorded it on my Nextel) that because there are only 2 girls in the office, and I was going to be missing work to have a baby, and there was a chance I would miss work due to new baby, that I was the one being let go as the girl who took my position when I got promoted didn't have kids.
But, me and the husband went over finances and a budget and figured that if we refinanced our house from a 15 year to a 30 year mortgage, that we could get enough cash to pay off our credit cards, we'd be okay. Things would be tight, and we could have a couple of hundred dollars left over every month.
If we refinanced, and paid off the cards, in a couple of years when I went back to work, we could pay extra and still pay it off in 15 years, so no biggie, right?
Things would be tight, but no one would hire me 9 months pregnant anyway, and a new job wouldnt be understanding if I missed work due to a new baby.
So, we started proceedings to refiance the house.
Now, Saturday, my boss called me from his ski trip in Colorado to tell me we picked up enough work to carry us through the first quarter and that I didnt have to worry about my last day being the 30th.
I asked him what about the second quarter, and he only said hopefully work will keep coming in.
I asked him if it meant I could keep working until closer to my due date and then be laid off, or if I wasn't being laid off at all, and he said either.
I told him I had to speak to my husband, and I'll let him know something on the 23rd when he comes back from vacation.
The first 6 months arent really an issue, as I can get my unemployment for that amount of time.. I know my boss will allow me the unemployment, because he thinks I should stay home anyway.. He even went as far as telling me (The exact day I found out I was pregnant) that if I couldnt stay home, I should have an abortion, and that I was too young for a child anyway.. (I'm 27, husband is 29)
My husband wants me to stay home, but with our budget, there will only be a couple hundred dollars left over after bills, barring no emergencies.
Refinancing and paying off the CC's saves us 400 a month. if DH can change his w-4 to claim me and the baby, he'd bring home another 400 a month. subtract the 600 a month for daycare, gas and my lunches, that's 1400 a month. I only bring home 1600. That 2 hundred dollars extra every month doesnt seem like enough to let my child spend half the day in daycare.
But, on the other hand, that 2 hundred would double what we could save.
I want to stay home for atleast one year, but I dont want to put a financial strain in my husband. Granted, if things did get tight, I could work nights or something..
I am crazy for thinking about staying home when there is only a $200 cushion? I dont want to put alot of strain on my husband, etc.. but his job is stable. He's been there 7 years, and he's high enough on the heirarchy that theres very little chance of him ever being laid off. His truck is paid for, and my uncle sends me a check to cover my payment, so there is no reason to go to one car.
Would you stay home if there was only a $200 cushion? Is it that important to you, and if it is, did you have a career before you stayed at home?
Sorry for the book.. I'm really sturggling here.