I recently read that the annual salary of a stay-at-home mom for 2019 was $178,201 based on an analysis by salary.com. Unfortunately, the reality is that no matter how much these figures have risen over time, stay-at-home moms do not see a single cent of this salary. Before you become a someone else’s caretaker, set money aside if for the sole reason to have it as a cushion for when and if you decide to leave the workforce to care for others.
There are these billboards on the highway close to where we live that says we spend more time liking photos on social media, than planning for retirement. This sounds scary to me. I will also be the first to admit that sometimes I get lost on social media. I've learned to strike a balance though by using a financial app that's as easy to use and as aesthetically pleasing as the feeds I see on Instagram.
That was my welcome into the veterinary profession. Starting as early as when I began my undergraduate studies, if I spoke with a veterinarian, the assertion that I would be in debt for the rest of my life would inevitably come up. Going less waste is what allowed me to break the cycle of mindless consumerism and believe in a future where we can be debt free. I’m so excited to continue to align my actions with my beliefs and can’t wait to see what we can accomplish once we have financial independence.