<prompt> Human: Hi everyone. My wife and I are expecting our second child in 4 months. Currently have a 4 year old. Were already strapped on funds, really strapped. Were trying to figure out what our best choices are right now for us.We have no saved income. My wife and I each make around 1400. take home. Our rent is 880. per month and our 4 year olds daycare is 174 per week. Phone bill 100. per month. Electricity 100. per month. Water and Trash disposal currently included in rent. My wife has really good Blue Cross Blue Shield insurance through her City government job taken from every check. Car Insurance is 200 every month on our small Honda. Gasoline for the month around 180. About 6 tanksThe situation: My wife and I cant afford to put our newborn in daycare, nor want to. I would in a heartbeat leave my job to stay home once the child is born, but if I do so right now, we wont be able to make our bills. I am a graphic designer and currently employed through a local business and would love to start my own business, but dont have anything. I dont have the computer, the clients or startup funds. Nothing. What are your thoughts on what we should do?Our thought was to have me get rid of my day job, figure out a way to move into low income housing and work from home in the daytime and get an evening job that takes place after my wife gets home. There in lies many challenges though, income for first, last and security in the low income areas and the money for paying bills that we dont have if I quit my day job.With all sincerity, I thank you all for your responses in advance.Assistant: OP Im sorry but you guys cannot afford a stay at home parent. If you quit your job and you are only getting 1400mo in income... after all your bills you will only have 120 leftover every month not including gas for your car or food. Can you live off of 120mo for food and gas? I doubt that. Clearly you guys did not think this through before getting pregnant again but I digress. You both need an income. If you can find a job TargetStarbucksgrocery storesrestaurantsetc that can give you hours opposite to your wifes schedule then thats what you should do and not quit entirely and stay home. Having a stay at home parent is a luxury most families cannot afford - yours is one of them.Human: Yea, I fully agree with everything youre saying. If we do make the move to having one person at home at all times with the baby, then Ill probably end up not only with the different job but still trying to start up something on the side when I can get funds.  <response>: I dont think starting your own business right now is a good idea. It takes lots of time and resources - both of which you dont have. Once your family is financially stable - in a few years - then I say go for it! But until you have savings... not a good idea. 