Reply to Sole breadwinner 350k/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes but then $175k of that $350k would go to taxes and another $75-$100k for childcare. A lot of the rest would be eaten up by other outsourcing and buying more clothes, dry cleaning and communing costs. Your lifestyle wouldn’t be much better, and you’d just have two stressed out overworked parents. [/quote]

75-100k for childcare?! When we did this we had an au pair and part time preschool. It was way less than that even counting pre-tax. [/quote]

NP but this is unfortunately easily doable if you opt for expensive but not outrageous options. our last year for 4 and 1 yo: 65k+ nanny salary and nanny taxes. 16K morning pre-K for older DC during school year, 4K morning summer camp for older DC.[/quote]

Sure, but most people don’t need 55hrs a week of childcare. Our peak Weald an Aupair which cost us all in 30k and part time preschool through a local church for about $600/mo. We threw in a few summer camps for another 5k.

Spending what you describe is bananas. Not all high earning dual income families need outrageously long childcare hours. [/quote]

Right, but you have described 40k in annual childcare expenses, then add commuting, outsourcing household work etc and you are probably still spending more than half of one take home salary on that stuff (if you’re both in the 300s).[/quote]

GMAFB. Commuting and outsourcing household work cost you more than $100k?[/quote]

No, but adding childcare, commuting, and outsourcing does add up A LOT. And many people who work higher paying jobs need more childcare hours/time than the PP who is paying only $30k for an au pair. If you are paying a nanny a living wage, and above board, and need more than 40 hours of care/week, which is many working parents, bc at a minimum you are adding your commute time to that 40 hours you are working and the nanny has to be paid for that time too, so you’re paying that nanny 40 hours plus some overtime every single week. So you can easily spend $60k in a year on the childcare alone. I’m not trying to make a case that one should or shouldn’t work, but I think on this issue; both sides are obtuse. The working parents downplay the impact of loss of time with kids and the costs associated with having 2 working parents. The SAHM parents over estimate the costs of working, and overly weight the time they spend with their children, as if they are somehow superior for being with the kids more.

No one is “right” 
[/quote]

Omg stop moving the goalposts. You keep getting called out on your fuzzy math and you keep changing the topic.[/quote]

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