The cost of living in Dubai is relatively high compared to other countries. If you are living in an average household, it’s safe to say that you have enough to survive in the country. But if it’s your dream to be a stay-at-home mom there are more things to consider.
Here’s everything you need to know before making that life-changing decision to become a stay-at-home mom.
What are the benefits of being a stay-at-home mom?
One of the upsides to being a stay-at-home mom is having more time with your children and family. If you are always at home, you can focus more on making sure that everyone in the family is doing well.
You can also help your kids with their homework and make it a point to always be around during their important milestones. But being a stay-at-home mom also means that you won’t have any income.
Do you have enough savings?
Having enough savings is one of the things you need to consider before becoming a stay-at-home mom. Remember that when there’s no money coming in, your savings can be depleted in no time.
So, how much savings is enough, you might ask? There’s no particular amount, but you should have money in your bank that can support your household for years especially if you do not have a partner who can help you out.
Having enough savings doesn’t automatically mean that you are fit to become a stay-at-home mom. Having enough savings will just give you a breather for now. So, you need to think things through.
What is your debt-to-income ratio?
If your debt-to-income ratio is high, this means that being a stay-at-home mom is not right for you. If you do not have much debt, this suggests that the income that you received prior was allotted to your bills and some were placed in your bank account. But is it enough to support an average household?
Are you willing to make some adjustments to become a stay-at-home mom?
Living as a stay-at-home mom in an average household in Dubai can be tricky. You need to be able to make certain adjustments to support this kind of lifestyle.
If you are open to making some adjustments then you can be on the right track to becoming a stay-at-home mom.
Ask yourself why you want to be a stay-at-home mom right now. What are your goals? What do you want to happen? Are you saving a marriage that’s falling apart? Do you want to spend more time with your kids? Do you plan to do freelance work while staying at home? All these things can help you make that life-changing decision.
Remember that being a stay-at-home mom is not for everyone. But at the end of the day, you need to do whatever will make you happy. And whatever will make you sleep more soundly at night.
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Photo by Sarah Chai on Pexels
