photo credit: kennymatic
Both of you work outside the home. You are expecting your first child and the wife would like to be able to quit her job and be a stay at home mom with the baby. This is very important to both of you, but can you afford all the new baby expenses?
This is a big decision, both emotionally and financially, and certainly not one to take lightly. Failure to consider the financial ramifications of this change could create huge debt and huge problems for you, but exactly what is the process of knowing whether you can afford it or not?
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