<prompt> Human: Hey guys,So Im an electrician. In my area the pay is considerably lower than the nationwide average, but so is the cost of housing so it scales pretty well I suppose. Work is steady and Ive been getting at least 15 hours of overtime for months on end.My wife works full time but we are expecting in the spring and I currently drive over 100 miles a day for my commute and her job has become pretty awful recently. So she is going to quit and weve found a great home 5 minutes from my shop in a safe and pretty neighborhood for considerably less than anything else Ive seen on the market in our area for years its an estate sale and the owners of the estate live across the country.We snagged it up and I inspected it Im a certified home inspector too lol. Its a super solid house and shouldnt need really any initial work. The house across the street just went on the market for 100k more than we are getting ours for, and its the same square footage, just slightly updated. So theres a lot of sweat equity we can make out of this place in the long term. So heres my main point:My wife is quitting her job to be a stay at home mom at the end of the year. The cost of childcare would pretty much eat up her income anyway. We will amass a great deal more in our savings account by then. Our mortgage will be 1100month. Its only 200 more a month than our current rent which is for a place that is pretty impractical to live in with a baby.After all our car insurance, taxes, bills, the mortgage, home owners insurance and cell phone bills are accounted for we will have 1,000 left over per month to put in savings. We dont have any debt currently. I will be getting a substantial raise in the next few months and Im accounting for maximum tax withholdings which will change once I have dependants.Im feeling pretty good about our financial situation but weve always been a double income household so Id just like some input on our budget as I move into this next phase in my life.  <response>: Id try to create extra savings for medical expenses related to delivery, prescriptions, routine babywife checkups, etc. Make sure you thoroughly understand how much your health insurance costs and deductibles will increase by adding your wife eventually a child to your healthcare, prescription, dental, and vision plan. For example, I just added my husband to my health insurance which increased the monthly cost from 80 month to 180 a month but if we had a child it would increase to 275 a month. Adding my spouse also doubled my annual deductible to 4k in-network or 8k out-of-network. Id try to have these savings in a bank for medical emergencies. Also, Id factor in if she isnt working then she isnt able to build a 401k or other savings for retirement. Id do research on how a SAHP can continue to build their retirement fund. Congrats good luck! 