You Can Stay Home With Your Kids Review



Note: I received a copy of this book for free from the publisher in exchange for an honest review.

This year I have been working on getting my monthly budget ironed out, so I've been looking for more books on how to save money.  I had read halfway through Odom's other book on finances, and then I saw You Can Stay Home With Your Kids for review and snagged it!  

This book is just how it sounds, 100 tips for saving and earning money for the purpose of helping moms stay home with their kids.  If you do everything in this book, will you absolutely be able to stay home with your kids?  I don't know.  But there is a ton of good advice here.

Personally, I especially appreciated Odom's tips on saving money on groceries.  I struggle with our grocery shopping, and this book had a lot of good tips for how to make my grocery money stretch.

I thought some of the suggestions on creating an income stream on the side were a little overly-optimistic.  While lots of moms do quite well with side businesses, suggestions like "create a blog" or "join a direct sales company" don't reflect that it is much more difficult to establish these as money-making businesses than it sounds, and the people who are successful at it often put in a full-time job effort to make them profitable.  Just because she made her blog profitable doesn't mean it would be easy for you to do it.

I also didn't necessarily agree with her assessment of whether to buy or rent a home.  Maybe if you are trying to save money for a season to stay home with your kids, renting could be a good suggestion, but in the end you still have nothing to show for all those payments (unlike when you buy a house).  Odom suggests that maybe the classic view of a house as an investment isn't always a great idea.  She is drawing from her own experience of having an underwater mortgage after the crash in 2008, so I can understand why she would be a little gun-shy after that.  However, I'm not sure her advice to rent is necessarily up-to-date with the current economy, or applicable to every area of the country. But I do agree that it's smart to save up a good-size down payment, and rent until then.

Overall, I enjoyed this book and got some good ideas from it, so I think it's definitely worth the time if you are trying to find more wiggle room in your budget!
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1 comment

  1. Thanks for sharing! I might get the book sometime, although I have a feeling it is pretty U.S.-specific, so not for us right now aside from the online business suggestions. I don't see myself as having sales skills and wouldn't want to deal with sponsored posts, although I wouldn't mind doing something like tutoring online or doing editing/translating work. As far as housing, we own our current apartment and the currency here crashed after that, so in our case it hasn't been an investment, unfortunately. It isn't really worth enough in dollars to purchase something in the U.S. Therefore if we moved it would be more cost-effective to rent until we could save up enough to buy a house. Just to say I understand how renting might make sense for a certain time period if it keeps you out of debt and goes along with your long-term budgeting plan.

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