Modern WoodmenModern Woodmen Home Page
Skip Navigation Links
Home
Financial Planning
Products and Services
Member Benefits
Service Center
About Us
Careers
Life Stages
Financial Topics
Calculators
Budgeting Worksheet
Cash Flow Calculator
College Savings Planner
Cost of Debt Calculator
Cost of Raising a Child
Emergency Contact List
Estate Tax Calculator
Financial Information Checklist
Goal Definition Worksheet
Goal Savings Planner
Insurance Needs Calculator
Investment Profile Questionnaire
Lifetime Earnings Calculator
Life Expectancy Calculator
Mortgage Calculators
Net Worth Worksheet
Retirement Distribution Planner
Retirement Needs Planner
>True Costs of a One-Income Family

True Costs of a One-Income Family
To estimate the true financial cost of having one parent stay at home to raise children, plug in the income of the spouse who is considering whether or not to work.

Monthly Net Income:
Employer Advantages:
Estimate a monthly dollar value for employer-sponsored:
Life insurance
Health insurance
Disability income insurance
Retirement savings
TOTAL Income and Employer Advantages:   
Monthly Work-Related Expenses:
Day care
House keeping
Second car payment
Gas for the commute
Increased car insurance premiums (due to increased mileage)
Additional car maintenance for wear and tear
Work wardrobe
Work-related meals
Additional expenses
TOTAL Work-Related Expenses:   
True Net Income:   


 

 

This tool is for general planning purposes only. It is not possible to account for all factors for all individuals or accurately project investment returns. For a comprehensive financial analysis, contact your Modern Woodmen representative.






 

Home  |  Financial Planning  |   Products and Services  |   Member Benefits  |   Service Center  |   About Us  |   Careers  |  
Find A Representative   |   Contact Us   |   Help   |   Glossary   |   Site Map   |   Privacy Policy   |  
Copyright © 2008 Modern Woodmen of America - All rights reserved