When analyzing the pros and cons, income should be considered along with retirement planning, insurance costs, and other expenses that come with working outside of the home.
Keep Working or Stay at Home?
Should You Work Outside of the Home?
Income & 401(k) |
Premiums & Expenses |
State & Federal Taxes |
Social Security |
Net Earnings |
|---|---|---|---|---|
| $ 2,725 | $ 500 | $ 825 | $ 191.25 | $ 1,208.75 |
By working outside of the home, you will reduce your current expenses by $1,250. With net earnings of $1,208.75 you will see an impact on your monthly budget of $2,458.75.
| Amount | |
|---|---|
| Stay at Home | $ -1,250.00 |
| Work Outside the Home | $ 1,208.75 |
