Every other Sunday, The Simple Dollar reviews a personal finance book of interest. 1/2 Price Living by Ellie Kay has a particularly noteworthy subtitle: Secrets to Living Well on One Income . A quick read of the back makes it clear who Kay is talking to – people who want to give stay-at-home parenting a go. I picked up this book (off of PaperBackSwap ) because my wife and I are discussing the possibility of trying out stay-at-home parenting for a year – the year in which we have three preschool aged children at home. According to our math, after all of the tax implications and the like, our finances would only slightly be better if my wife worked full time during that year. Of course, the math rebounds strongly after that one year (when our oldest goes to school) and the year after that (when our daughter goes) and, add on top of it the fact that my wife really loves her job, we’re still not fully committed to a plan yet. Thus, as we often do when we’re piecing through such decisions, we turn to the books, and 1/2 Price Living was one of them. Did the book provide any lasting value for us, or did it just repeat ideas found elsewhere? Let’s dig in and find out. 1.

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