(Closed) So… I did the math, and I can't afford to go back to work.

posted 5 years ago in Pregnancy
Post # 3
Hostess
11299 posts
Sugar Beekeeper
  • Wedding: June 2011

@UK Bride: sorry to hear. Daycare is what scares me / puts me off having children, though I know I may feel differently once I do have children

Post # 4
Member
1301 posts
Bumble bee
  • Wedding: June 2013

@UK Bride:  Yikes. I am in London too and expecting one baby and plan on staying home. It would be nice to have my salary too, but I always wanted to stay home when they are babies so we will cut back. 

Oh, and I am totally one of those annoying people who would love to have twins! (But I appreciate the practicalities are very difficult). 

Good Luck!
 

Post # 5
Member
240 posts
Helper bee
  • Wedding: March 2013

Wow that sucks i’m sorry! What do you mean by for all you ladies who want twins?

Post # 6
Member
1471 posts
Bumble bee
  • Wedding: August 2011

I left my job to stay home for just one baby. My day care costs would pretty much be a wash with my salary. I’d end up with a little bit, but then I’d miss out on all day with my kiddo for a few hundred dollars a month–not worth it. I figured out a way to work part time and have my mom provide care when I’m working.

Post # 7
Member
7904 posts
Bumble Beekeeper
  • Wedding: March 2012 - Pelican Grand Beach Resort

My husband and I have had to stagger our schedules so one of us is always home. If we had to get childcare, it would eat one of our wages in total.

Post # 8
Member
233 posts
Helper bee

@UK Bride:  Is that for a private nursery? I’m a nursery nurse and I know its not the cheapest option especially if you have more than one child. Have you considered a nanny? I used to work as one,not in London though and I know it was a lot cheaper for my employer to do this than pay for a nursery for 2. I was live out and as a bonus did household chores too.

Post # 9
Member
4355 posts
Honey bee
  • Wedding: June 2013

I want to be a stay at home mom, unfortunately I’m the main breadwinner so I can’t. We are only having one baby this pregnancy, so day care costs being staggered a bit depending on when second baby comes which will help us afford it better. DH makes just enough that it still makes sense for him to work too.

When my mom has us she became a SAHM and actually took on a few of her friend’s children and some of my young cousins to have a home daycare because having us in an outside daycare was too expensive versus her salary at the time. She loved it because she could be home with us, once we were in school full time, she went back to work.

Post # 10
Member
1721 posts
Bumble bee
  • Wedding: March 2013

I will be a SAHM. FI makes enough. I bring home about 475 a week after taxes and a quality day care would eat up $320 of that per week. We don’t need an extra $500 something a month THAT bad. I may assist my parents at their home business where I could bring the baby, but it would be for 15 hours a week at 10 per hour. So I would be bringing in that extra if needed.

Post # 11
Member
497 posts
Helper bee
  • Wedding: October 2013

@UK Bride:  I cant afford to stay home nor can I afford to go to work. We are still trying to figure this one out. One of us may have to move to overnights. We both work ten hour days so it isnt very easy to find a place or person willing to watch a child that long for very little.

Post # 12
Member
1856 posts
Buzzing bee
  • Wedding: March 2013

This is a real reality for so many parents with more than one child, but harder still with twins or multiples. How frustrating 🙁 An acquaintance of mine who had one toddler and then gave birth to twins chose to hire a nanny, because it was far more cost effective to pay for in-home care than childcare for three kids under the age of 3.

We’ll likely still both be PhD students/postdocs when we have our next child and it’s the flexibility of those schedules that will allow us to have a baby sooner rather than later. Childcare costs for young babies are astronomical!

Post # 13
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

If working is fulfilling for you and you can afford the difference in cost, I’d honestly still go back to work. Feeling challenged and fulfilled is more imortant than the numbers if you guys can afford it.

That’s about what daycare costs here, too (San Francisco). It’s crazy! I’m going back to work regardless, as I know i’d go crazy staying home! Having a multi-year gap in my resume is also a career-killer in my science field.

Post # 14
Member
2012 posts
Buzzing bee
  • Wedding: September 2013

I feel for those of you in London. Im in Oxfordshire and its still pretty expensive here. Its like having a second mortgage.

I have come up with an agreement with my boss. I will work from home in the morning until lunch time, take LO to nursery at 1-6 and go to the office in the afternoons. This way i still get a full time wage but i only have to pay for half a days childcare per day. I also thought about taking on an additional job at the weekend. There is a premier inn being build up the road and i worked for them for 6 years when i was younger. Im sure i can get either a weekend reception job or work in their restaurant either as a breakfast or lunch waitress just to get some additional cash.

We dont quaklify for the working allowence either to help with childcare costs because of the hours we work and wage we bring in between us. Have you looked into this? 

 

Post # 15
Member
569 posts
Busy bee

I know what you mean! I will be a SAHM because I make maybe 850 a month working in childcare. So not worth staying. So I’m staying at home until husband gets home, and then going to school for a better job.

Post # 16
Member
2192 posts
Buzzing bee
  • Wedding: May 2012

I am currently a nanny.  So I put my child in daycare to go care for other kids?  No way.  I will be a part-time SAHM.  I still will take care of two little ones Thursdays in my home and my nephews on Friday so we can get out of the house and still have a little fun money with my income.

Something to think about – when it comes to daycare, you get what you pay for.  It may be tempting to take your child somewhere for $3 an hour but the first 5 years of your child’s life are the most important.  Making sure your child is with a quality provider will go on to ensure lots for their future i.e. good behavior, good habits, good hygiene, literacy skills, their personality develops, etc.  I am probably WAY overpaid by everyone’s standards but I do an amazing job and my moms know it.

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