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Reply to "When Mom's salary breaks even with daycare...."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you married/do you have a partner? Consider that it won't be your whole salary, you'll be splitting this cost with him/her. In other words, don't think of daycare as negating your salary; think of it as taking a big chunk out of your salary. There are other benefits to consider: health care, 401K/retirement matches, additional employer benefits, continuity of employment, continuity of salary/potential raises, keeping your foot in the door to make it easier when it makes more financial sense to be working full-time...[/quote] Good list here. My job offers none of the ones mentioned here. Made it very easy to stay home. Was not going to miss out on any of it.[/quote] It is a good list. My job offers all of these and then some, plus it would be virtually impossible to get back into my field (scientific research) if I took time off. Continuing work was a no-brainer. I'll add, too, that my parents are old enough so that I see first-hand the negative consequences of not saving enough for retirement. I am damn well not doing that to my kids, nor will I rely solely on my spouse to provide for me in my old age. Our jobs are flexible enough that are kids are in 30 hours of daycare per week, at an outstanding center. Worth every penny.[/quote]
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