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[quote=Anonymous][quote=Anonymous][quote=Anonymous]From an economic POV, you are worth the cost of daycare or nanny, plus the cost of a cleaning lady and perhaps the cost savings of not ordering in periodically, all of which should be trued up for taxes.

So say about $36,000 for the nanny, maybe $2,000 for the cleaning lady and $2,000 for the not eating out as often (since presumably as a SAHM you'd cook more frequently than if you worked). Call it $40,000 post tax or worth about $60,000 post tax.

That value goes down as the kids get older and can clean for themselves and don't require full time 50 hour a week childcare.

Economically speaking I'd say $60k for the first 7 years, $40k thereafter. [/quote]

We never paid more than $24,000 a year when we had both kids in full time care. I was making about $150K a year then, so the economic value of me staying at home with the kids when they were small was in the negative six figures.

I don't see why you can add in the cost of the "services" a SAHM provides if she stays home without subtracting out the opportunity cost of what she would earn if she had a paying job. Which is why this is a super dumb exercise. If your take home income is (or would be) more than the cost of day care, you are staying home for non-economic reasons, and those can't be priced. [/quote]

If you are a lawyer who quits to teach you are obviously a more valuable teacher because you "could have made more money". NOT! [/quote]

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