Goodbye $30,000/yr, we won’t miss you.

Screen shot 2014-04-10 at Apr 10, 2014, 11.11.43 PM

We are about two months away from welcoming Baby Ninja to the family and in case you were wondering, no I do not feel prepared to be a dad. I mean, I frequently forget to bathe and feed myself, how am I expected to take care of another human being? While I may be in way over my head, I can not wait to meet my little dude. What will he look like? How fat will he be (I was 10lbs)? What will it be like to come home from work and see him smile at his first sight of me?

During our premarital counseling, Girl Ninja expressed her desire to one day be a stay-at-home mom. Since then, we have been working and saving diligently. Trying to stabilize ourselves financially, so that when the time came for kiddos, we’d be ready to forfeit an income.

That time is now. 

I’d be lying if I said part of me wasn’t mourning the loss of $30,000 a year in cold hard cash. We could do a lot of great things with that money. Max out our retirement accounts. Go on a half-dozen nice vacations. Send an entire bus of kids to summer camp.

As nice as it would be to keep that income around a bit longer, I’m excited to drop down to a one income household because it means Girl Ninja and I are literally living our dream.

Four years ago we created a plan that would allow Girl Ninja to one day be a stay-at-home mom, and here we are just a few months shy of seeing that plan come to fruition.

If that’s not financial freedom, I don’t know what is. 



And just for clarification this is not a knock against dual income families. If Girl Ninja told me she wanted to continue working I’d be all for it.

14 thoughts on “Goodbye $30,000/yr, we won’t miss you.”

  1. Good for you guys to have worked so hard to meet your goals, and now you can all live exactly the way you’d hoped! Won’t be long now 🙂

  2. You don’t have to worry about remembering to feed the kiddo. He’ll let you know when he’s hungry 🙂 And when you’re holding him & smell sour milk, you’ll know it’s time for a bath!

    • We decided and saved for my husband to be a stay at home dad when my youngest son was born. It’s been great for the whole family. I’m sure your husband will love it.

  3. My wife and I are nearly at that point – we’ve been paying down debt and I’ve been moonlighting as a freelancer so that when the baby comes, I can quit my job and stay home. She likes her job, so she’s staying put. Congrats on getting to that place!

  4. We are days away from our second child. Wife has been a stay at home mom for 2 years now and we love her being at home.

    You won’t miss the $30K as much as you think… 😉

  5. We did the same thing. Working costs money too (gas, wardrobe, etc). Glad you’re leaving the dream! Some people say that you have your whole life to work but you can’t get the years back when the kids are young!

  6. That right there is what practical financial management is all about, buying options. Coolfam is right, work costs money too. After taxes, gas, clothes, work lunches, china care expense, etc; you may truly only be missing $10K or less for her to stay at home.

  7. Kudos to you guys for identifying what you want to do and preparing for this!

    I’m a first time grandmother of a 5 month old. I’ve watched my daughter and son-in-law deal with all the new parent issues from latching problems… sick of pumping… no sleeping except when he is held … won’t sleep except in their bed … won’t nap for more than 40 minutes. The problems were more extreme initially but as their confidence grew, they dealt with each situation in a pragmatic but loving manner.

    Now he:
    (1) nurses exclusively like a champ with no nipple shield
    (2) sleeps in his own crib at night
    (3) naps during the day … sometimes up to two hours… and yes, sometimes still only 40 minutes
    (4) is starting to like tummy time and can lift his head up really high
    (5) has rolled over a few times but hasn’t figured out yet how to repeat the process
    (6) loves his bedtime routine – jolly jumper and dancing, bath, 3 books, nurse and then bed.
    (7) can touch his feet and tries to suck his toes when in his tub
    (8) loves to go for walks in his stroller facing outward now, especially with the nice weather arriving
    (9) is almost sitting up on his own
    (10) recognizes Nama (me) when he sees me.

    I’ll be watching for your updates with great interest.

    Parenting is wonderful ~ enjoy!!!
    But grand-parenting is fabulous!!!! 😉

    • Oh, and I forgot to mention he’s in swimming lessons. 5 months! Swimming Lessons. Yep. Let stuff like that keep you going through the first sleepless months.

  8. I like how you said “if that isn’t financial freedom, I don’t know what is” because at the end of June, 2014, I will be leaving my career of 30 years for a one year sabbatical, then transitioning to part-time work, but first my husband and I are taking a 2 month trip to the UK and Europe!

    I will be 49 and I have been planning for and saving for this change in lifestyle since 1995 so all of my planning and living beneath my means is paying off! I simply cannot wait.

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