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]Don't forget compound interest for retirement contributions made while working  - that is a negative cost. I.e., a gain. [/quote]

I am past the days of working in an office with small children. I now work remotely full time (started 2 years before Covid). But we did the calculations when we had 4 kids under 10.  With childcare costs, commute and dry cleaning I was not really bringing home much $. But there was enough for me to fully fund my 401K and my company had a very generous matching at the time of 10% of my salary. When we compared the costs of me working and staying home that is what tipped it to me working. We also realized that when I was home on mat leave I would spend more at places like Target on things we didn't need but I was going to get out of the house. So that cost balanced out me eating out at work once in a while.  When we sat down to do this comparison I had been taking the metro to work because parking seemed so expensive.  After this analysis I started driving to work. The amount of time spent taking a bus and metro was worth way more than the cost of gas and parking.[/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