what would it cost in 2009 to pay for the services a stay at home wife/mother provides? course hero

by Brooklyn Stiedemann V 8 min read

How much does a stay-at-home mother earn?

Apr 06, 2015 · According to Steven's calculations, his wife's work as a stay-at-home mother would earn an annual salary of $73,960, if she were to charge standard rates for her services -- …

How much do stay-at-home spouses really save?

Oct 29, 2021 · If you hire Dryver, it costs between $25.95 and $32.95 an hour. If a stay-at-home parent were paid a similar salary, they could make up …

How many hours a week does a stay-at-home mom work?

Oct 11, 2006 · What Is a Stay-at-Home Wife Worth? According to a story which appeared in the May 99 issue of the Washington Post, $508,700 a year might be a good estimate of a wife’s worth. That figure was according to a study by Edelman Financial Services Inc, based in Fairfax, VA. The study used as its basis 17 occupations that wives and mothers typically ...

Is it an easy job to be a stay-at-home wife?

The opportunity to be a stay at home wife or stay at home mom can be a dream-come-true for many women. But it’s only a dream if your finances are under control. Without financial stability, your time spent as a stay at home wife or mom could turn into a nightmare. So to be sure you create your best life at home, follow the proven tips below. 1.

How many hours do stay at home moms work?

Depending on the size of the home, family, pets and numerous other conditions, a stay-at-home parent may work upwards of 98 hours a week. According to 2019 data from Salary.com, if you are a stay-at-home mom (or dad), ...

What are the jobs of stay at home parents?

According to the Pew Research Center, roughly one in five U.S. adults are stay-at-home parents. Stay-at-home parents act as chauffeurs, chefs, nannies, tutors, and housecleaners.

What is a private car service?

A private car service might seem like a high-end luxury to most, but the beneficiaries of a stay-at-home parent get this service on a daily basis. Companies like Dryver, which provide personal drivers that use the client's own car as the means of transportation, offer a glimpse into the cost of this homemaker task.

How much does a homemaker make a week?

Given those figures, an experienced cleaner, like a stay-at-home parent, working four hours a day for seven days a week (a homemaker is constant cleaning up) would make $1,120 a week, or $4,480 a month.

What are the benefits of staying at home?

Stay-at-home parents provide full-time, live-in child care. This type of service from a professional provider would usually come with a host of perks including health insurance, paid vacation, and sick days, federal holidays off, dental and vision coverage, and bonuses. These benefits are in addition to drawing a salary.

How much does a personal chef make an hour?

From breakfast to dinner, there is plenty of meal planning and cooking to be done. According to PayScale, a personal chef could earn upwards of $65 an hour.

How much does a live in nanny make?

These benefits are in addition to drawing a salary. According to the International Nanny Association, a live-in nanny earns, on average, $20 an hour. For a 40-hour week, a stay-at-home parent on that salary would make $800 a week or $3,200 a month.

What is a stay at home mom?

Becoming a stay at home mom or wife is something that affects your entire family. Hopefully, it’s a goal that everyone in your family has so you can more easily work together to make it a blessing for your family.

What are some things that can save you money?

housing. transportation. food. recreation. interest, service charges, fees. insurance. Housing – You can save a lot of money on housing if you’re willing to downsize, move to a cheaper area to live, or rent out part of your home through Airbnb, or buy a duplex and rent out half the property to help cover your rent.

How much does a virtual assistant make an hour?

Virtual Assistant – There’s a huge demand for virtual assistants and the starting pay is typically $20-$75 per hour. This can be a totally flexible job and fit into any stay-at-home mom or stay-at-home wife schedule.

What happens if your net worth is negative?

If your net worth is negative, or you owe more than you own, then you and your spouse will want to put a plan in place to increase your financial stability. Being a stay-at-home wife or stay-at-home mom may actually be a burden to your family if you’re creating a financial mess that you’ll have to clean up later.

What is the common cents club?

And The Common Cents Club is all about helping you confidently take control of your finances, your future, and your freedom. It doesn’t mean you can’t be a stay-at-home mom or wife, it just means you may have to figure out a way to cut your spending, save some money, or make money working at home. 2.

What is Val Breit's dream?

Val Breit empowers women to create a life they love with simple money hacks and productivity tips. Once buried in debt, stuck in a stressful 9-to-5 job, she hated that money stood in the way of her dream to be a stay-at-home mom. After getting intentional with how she spent her money and time, Val and her husband paid off $60,000 in debt. Now she is blessed to be a work-from-home mom, earning a full-time income online, doing work she loves.

What is freelance writing?

Freelance Writing – With the online world, everyone and their mama has a blog, website, or some content that needs to be written. Some freelance writers are even hired as ghostwriters to put someone else’s book idea onto paper. Ghostwriting is lucrative for those who are excellent writers.