Hoping to live on one income while you or your spouse stays home with the kid(s)?
This used to be commonplace but now many households include two working parents. Interestingly though, stay-at-home parenting is no longer mainly women’s work.
The number of American fathers who do not work outside the home reached 2 million in 2012, compared to 1.1 million in 1989, reports the Pew Research Center.
We talked to Bethany and Scott Palmer, founders of The Money Couple and co-authors of books including “The Five Money Personalities,” to get their tips on financially preparing to be a stay-at-home parent.