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]Well, I'm the higher earner so I would not have been the one to stay home. But the cost of working, meaning going into the office? Kids are older so I save $10K/year not paying a cleaning crew and dog walker, and maybe $5K/year on metro fees, work clothes, and the occasional lunch out. So $15K. When the kids needed childcare while it school, it ran about $10k/year per kid for aftercare and full day summer camps. We both make six figures (I'm getting into mid 6 figures), so these costs are a fraction of our income.[/quote]

In addition to being the higher earning spouse (DW here), I also get a pension and 401/match.  This is the true cost of not working.  My retirement account alone is in the 7 figures (age 48), and my pension will be at least $80K/yr when I retire in 10 -15 years.  So you need to calculate this.  While we did have nanny and PT preschool costs while kids were under 5, now that both kids are in elementary school, aftercare is only a fraction of this cost.  Plus I largely worked from home before COVID, so my kids weren't at aftercare very long.[/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