I am thinking about quitting my job and staying at home with our first baby. I am nervous about not having enough money going towards savings.
After all our bills are paid and we have used a little money for fun, we will be putting $700 to $1000 a month into our savings account for unexpected bills, emergencies, etc.
How much do you put in savings every month? Do you think $700-$1000 is plenty for savings for a family with one income??
BTW: I plan to go back to work in 5 years or so and I have a bachelor’s degree.