Reply to How does your family survive making under 200k hhi

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Sure it can work but without a lot of room for savings, 529s, incidentals. . . This is how ppl end up feeling strapped. 70% of their take home is going to the mortgage, childcare, and food.[/quote]
Child care can be up to 65% of take home pay.[/quote]
That's when it's time to quit work and SAH.[/quote]
+ 100

The fact is that no one is assigning a dollar amount to the work SAHP do at home, the savings as well as cost of going to work - clothes, commuting, childcare etc.
But sometimes it is more economical if one partner stays at home and takes care of things at home and save money.  If HHI goes up along with expenses - then it may not be worth it for one partner to WOH[/quote]
How could childcare come to 65% of take home? Is that for just one person or the whole HHI? I can't imagine going that route. We currently pay 13k for childcare for one. Our take home would have to be 20k for that to be 65%. If I made that little I'd qualify for various childcare vouchers so I actually wouldn't even be paying that. So I call BS or you're paying for luxury care you can't afford. 
[/quote]
Everybody cannot quit work and be SAH. Sometimes the man just is not the higher earner. Sometimes him staying home is just not a valid alternative either. 13K for child care for one kid is a very good deal. Everybody does not get such a good deal. Some people have more than 1 kid. This is not because of bad choices. We did just fine and were able to afford more than 1, but then life happens and work is not that guaranteed and so even household finances change.
illness and disability happens to all kinds of people[/quote]

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