<prompt> Human: My wife 28F and I 28M are currently talking about trying to have our first child in the next year or two she doesnt want to get too old. We have been married for several years and thought that we wanted to be DINKs, but recently have begun to think that we want to have kids and are both getting excited about the prospect. There is, however, one sticking point. She does not want our potential child to go to daycare and wants to be a stay at home mom. I would love for her to do that, but given our current financial situation, I dont see how it is possible. We have made most of our decision based on the assumption that we would have two incomes.Heres the breakdown on current monthly income and budgeted expenses:Monthly combined gross income: 6300Monthly combined net income after taxes, insurance, retirement, etc.: 4300Mortgage: 970My Student Loans: Minimum payment 275 per month 11000 leftCar loan 1 3 years left: 350 per monthCar loan 2 4 years left: 260 per monthCell Phones: 130Internet: 50Electricity Gas: 100-150 depending on the monthWater: 50House Alarm: 39Budgeted monthly amount for car insurance and taxes to be paid yearly: 200Car maintenance gas: 200Food: 550Misc. Household expenses dog food, cleaning supplies, house maintenance, etc.: 150Fun movies, concerts, etc. Leftover each month gets rolled into a vacation fund: 400Remaining amount usually around 500-600 gets split between savings and paying off the loans, with most of it going toward the loans. It was within the last 6 months or so that we started keeping to a fairly strict budget. Current Savings is around 1000. We wiped most of it out on our down payment for our house last year. We live in the southeast U.S., where the cost of living isnt insanely high.We both make almost the same amount of money, so youre essentially cutting that income in half, and probably a little more with increased health insurance costs, if we drop to one income. Weve talked about this and my wife wants to work from home maybe nannying or something to help bring in extra income, but it makes me nervous to not have that extra steady income. I know some of those categories can be reduced, but I dont see it being enough for her to be a SAHM.I just wanted to ask for other opinions and advice. I would appreciate any suggestions as to how we might be able to make cuts in order for her to be a SAHM, or if it would even be possible. If anyone has suggestions for what she may be able to do from home, I would appreciate that as well. Thanks.  <response>: There is no way you can afford to do that. 2200 a month. Your mortgage, car, and student loans alone are 1855. This is a terrible idea unless you get rid of pretty much all your debt. I dont even think you can afford a child personally. 