Reply to the cost of working

Forum Index » Money and Finances

Reply to "the cost of working - SAHM vs WOHM"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I hate hate hate it when women assume the full cost of daycare is their cost vs 50% for each spouse.   You want the know the full cost of SAHM?  Try mid six to low seven figures for me.  Also add in delayed retirement for my spouse.   [/quote]

What if the family net income actually decreases when both parents work, because the cost of daycare is more than the second income?[/quote]

You have to take the long view--what is the long-term financial impact of the disruption to a career? Include the long-term impact of not having social security income for those years, not having employer retirement contributions etc. and how the disruptions impact the trajectory of earning raises/promotions/staying in a chosen field.  On rare occasions it makes financial sense still to stay home and then use that time to pivot and prepare for a more lucrative career.  I agree though that you should calculate the cost of daycare out of both careers and look at overall household income (including future projections mentioned above) with and without daycare.  This helps you make a household financial decision.   (This is just looking at it with a financial lens--there are other lenses/perspectives you might care about in terms of the decision).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics